Published by Todd Bush on March 13, 2025
CHICAGO, March 13, 2025 /PRNewswire/ - Syntholene Energy Corp ("Syntholene" or the "Company"), a leader in clean fuel synthesis, has secured a dedicated geothermal energy resource sufficient to deploy the world's first geothermally-powered synthetic sustainable aviation fuel (eSAF) plant module.
Welcome to the Era of Low-Cost Synthetic Fuel.
The signing of a binding agreement for up to 20 megawatts of electrical energy (or thermal equivalent) marks a key step toward the company's goal of delivering clean synthetic fuels at lower cost than fossil fuels, for the first time. Syntholene combines geothermal heat and electricity to enable breakthrough energy efficiency for high-temperature steam electrolysis, with the mission of overhauling the economics of power-to-fuels technology.
With the processes already demonstrated at lab scale, the energy delivered as a result of the binding agreement will be used to power a commercial-demonstration-scale geothermal-powered synthetic fuel production facility. The first target fuel output is synthetic kerosene, earmarked to fill the growing demand for eSAF clean aviation fuel.
This hybrid energy installation represents a global first, demonstrating the potential of geothermal resources to power scalable and sustainable synthetic hydrocarbon fuel infrastructure with a base-load supply of both heat and electricity. Notably, the agreement enables the operation to scale from demonstration to industrial output.
"This energy agreement represents the seeds of a transformative moment for synthetic fuel cost and scalability," said Dan Sutton, CEO of Syntholene. "By integrating proven processes with a dedicated geothermal resource, we aim to deliver high-performance, low-cost, and carbon-neutral eSAF that can bankably scale to meet the global demand for clean aviation fuel."
>> In Other News: Northwind Midstream Partners Significantly Expands Off-Spec Gas Treating, Gathering, Compression and Carbon Sequestration System in Lea County, NM
Syntholene Energy Corp ("Syntholene") has entered into a binding Letter of Intent ("LOI") for the strategic development of the demonstration facility. Under the terms of the LOI, Syntholene will design, engineer, construct, commission, and staff the facility at a partner-controlled geothermal site. Syntholene retains exclusive ownership rights to the test facility equipment, intellectual property derived from the project, and the right to scale operations commercially, contingent upon the successful completion of the demonstration.
The LOI includes a commercial expansion option, allowing Syntholene access to approximately 20 megawatts of geothermal electrical or equivalent heat capacity for future commercial-scale operations, subject to technical, financial, and regulatory viability.
Completion of the transactions contemplated by the LOI is subject to a number of conditions, including entry into a more fulsome definitive agreement.
Geothermal energy presents several prospective advantages for powering heat-intensive industrial processes such as fuel synthesis. Appropriately selected geothermal resources provide carbon-neutral and low-cost thermal power with consistent uptime. With the right heat and pressure characteristics, these resources can meet the rigorous demands of industrial power requirements.
Most geothermal power plants operating today have been developed to generate electricity, with substantial waste heat. By combining energy inputs for endothermic industrial processes, Syntholene envisions a more efficient use of the heat energy inherent in geothermal resources. This enables a more industrially tailored energy profile for synthetic fuel production facilities co-located to high-quality geothermal resources.
Syntholene Energy Corp is pursuing a new pathway for high-efficiency fuel synthesis paired to dedicated, high-temperature geothermal resources. The target output is molecularly pure synthetic fuel, produced at a lower cost than fossil fuels, for the first time. The company's mission is to deliver the world's first truly high-performance, low-cost, and carbon-neutral synthetic fuel through a scalable modular production system.
Clean synthetic fuels are drop-in substitutable for diesel, gasoline, and kerosene without the need to retrofit existing engines, motors, or turbines. This allows continued utilization of the many trillions of dollars worth of fossil fuel infrastructure that our global economy relies on today, economically transitioning to a carbon-neutral fossil fuel replacement.
Syntholene's team brings together world-class advanced energy infrastructure development specialists across diverse disciplines, including design, engineering, project finance, operations, and project management. The company's competitive edge lives at the intersection of cutting-edge fuel synthesis chemistry and low-cost thermal and electrical energy.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside the Issue π Global Leaders Converge in Edmonton September 23-25 for Carbon Capture Canada as Federal Government Expected to Boost Industrial Carbon Pricing in Fall 2025 βοΈ Delta Partners Wi...
Inside This Issue π EPA Releases Proposal to End the Burdensome, Costly Greenhouse Gas Reporting Program, Saving up to $2.4 Billion π California to Extend Cap-and-trade Program Aimed at Advancing ...
Inside this Issue βοΈ CORSIA Transforms Aviation Compliance Into Market Gold Rush π IEA Cuts 2030 Low-emissions Hydrogen Production Outlook by Nearly a Quarter π€ GenH2 Executive Chairman Josh McMor...
More than 5,000 attendees are expected at Canadaβs national Carbon Capture, Utilization and Storage (CCUS) convention to address industry opportunities in the sector from geopolitical advantage to ...
1PointFive and NYK Announce Carbon Removal Agreement
Second NYK transaction continues to build momentum for Direct Air Capture as a solution for the maritime sector HOUSTON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilizatio...
Led by cornerstone investors Alaska Airlines, American Airlines, with International Airlines Group (IAG), Cathay Pacific, and Japan Airlines from oneworld alliance, and Singapore Airlines as part o...
Eaton to Showcase Technologies for Hydrogen-Powered Commercial Vehicles at IAA Transportation 2024
HANOVER, Germany--(BUSINESS WIRE)--Intelligent power management company Eaton announced it will showcase a broad range of innovative solutions for hydrogen-powered commercial vehicles September 17β...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.