Published by Todd Bush on November 16, 2022
PORSGRUNN, Norway, Nov. 16, 2022 /PRNewswire/ -- Reference is made to recent press release from DG Fuels regarding the execution of a long-term lease agreement with the Loring Development Authority for 1,240 acres of contiguous land in Aroostock County, Maine. This will be the site of DG Fuels' second SAF (Sustainable Aviation Fuel) facility, and the project will break ground in the Summer of 2024.
The long-term lease agreement in Maine comes on top of DG Fuels recently securing 100% offtake from its first project in Louisiana, thus increasing the solidity of the business case. HydrogenPro has secured its position as supplier of water electrolysers to the DG Fuels projects, which will have an initial output of approximately 175 million gallons SAF per year. In total, HydrogenPro will supply green hydrogen technology with a capacity of approximately 1.7 GW to the Louisiana and Maine projects.
"The long-term lease agreement is of great strategic value and reaffirms our belief in the DG Fuels project. SAF will play a vital role in decarbonising the aviation industry, especially because it can be mixed with conventional fuel today, without the companies having to make big investments to engines or fuel tanks. We look forward to supplying the green hydrogen technology that will fuel the shift within the aviation industry," says Richard Espeseth, interim CEO and founder of HydrogenPro.
Sustainable aviation fuel from DG Fuels is expected to remove an estimated 1.5 million tons of CO2 out of the atmosphere annually. Compared to conventional fuel, the use of SAF can reduce emissions by an average of 80% and is considered more energy efficient. Hence, it provides airlines with operational advantages in addition to its environmental contributions.
HydrogenPro is a technology company and an OEM for high pressure alkaline electrolyser and supplies large scale green hydrogen plants, all ISO 9001, ISO 45001 and ISO 14001 certified. The Company was founded in 2013 by individuals with background from the electrolysis industry which was established in Telemark, Norway by Norsk Hydro in 1927. We are an experienced engineering team of leading industry experts, drawing upon unparalleled experience and expertise in the hydrogen and renewable energy industry.
Contact:
Martin Thanem Holtet
+ 47 922 44 902
[email protected]
SOURCE HydrogenPro AS
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌎 Chevron Doubles Down on Carbon Capture with Massive Bayou Bend Hub 🌱 Manitoba Startup Pitches $5 Million Biochar Processing Plant to Ritchot Municipality 🏭 MATHESON to Build Ne...
Inside This Issue 🌎 History Made: Deep Sky Alpha Begins Operations with North America's First CO2 Storage via Direct Air Capture 🏅 Neste Achieved Platinum Medal in EcoVadis Sustainability Assessme...
Inside This Issue 🌱 Why Gevo's Live BECCS Project Changes Everything 🛢️ Alternative Carbon Carrier Technology Could Improve Both Oil Production and Carbon Storage 🌊 Hyundai Engineering & Const...
MATHESON to Build New Air Separation Plant in Las Vegas, Nevada, USA
BOULDER, Colo.--(BUSINESS WIRE)--Today, ION Clean Energy (ION), a leading provider of innovative post-combustion carbon capture solutions, announced a new offering called ICE Blocks™. These standar...
Manitoba Startup Pitches $5 Million Biochar Processing Plant to Ritchot Municipality
A pioneering waste management solution could soon transform how one Manitoba community handles organic waste. This week, Carbon Lock Tech, an innovative local startup, presented an ambitious propos...
What US Clean Energy Tax Credit Types Are Available in 2025?
In 2022, the Inflation Reduction Act (IRA) paved the way to grow clean energy investments in the US by extending and adding new types of tax credits. Its largest innovation, transferability, allow...
Marine Carbon Dioxide Removal Coalition Launches, Creates Forum to Responsibly Grow the Field
The coalition unites marine carbon removal companies, nonprofits, and academics to advance research and the responsible development of the sector WASHINGTON, Aug. 21, 2025 /PRNewswire/ -- The Mari...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.