Sustainable fuel technology company Velocys has signed a strategic framework agreement with Koch Project Solutions (KPS) to develop a biorefinery project in Natchez, Mississippi, that will utilise both renewable power and carbon capture and storage.
Sharing the news today (June 30th), Velocys said that the project is expected to produce approximately 33 million US gallons/year of sustainable aviation fuel (SAF) with negative carbon intensity and naphtha made from woody biomass.
The conversion process from gasification of wood chips to FT synthesis generates a significant volume of biogenic carbon dioxide (CO2) as a by-product. This CO2 is clean, of high concentration and dry and can be used for commercial purposes.
Fuels produced from the facility will meet all requirements and regulations to be sold in the US and generate Federal and State credits under RFS-2 and the relevant State Low Carbon Fuel Standards.
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