Green Fuels Sungas Renewables to Develop New Green Methanol Production Unit in USA

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Sungas Renewables has established Beaver Lake Renewable Energy, a wholly-owned subsidiary of the company. The newly formed firm will build the green methanol plant in Central Louisiana, USA to produce nearly 400,000 metric tons of green methanol per year which will be supplied to fuel Maersk’s fleet of container vessels.

Louisiana/USA – Sungas Renewables has recently announced the formation of Beaver Lake Renewable Energy (BLRE), which will construct a new green methanol production facility in Central Louisiana, USA. A wholly-owned subsidiary of Sungas Renewables, BLRE is expected to generate from the facility nearly 400,000 metric tons of green methanol per year for marine fuel while creating more than 1,150 jobs during construction and more than 100 local jobs during operation.

Green methanol produced by BLRE is expected to be used to fuel A.P. Moller – Maersk’s (Maersk’s) fleet of methanol-powered container vessels and will utilize wood fiber from local, sustainably-managed forests. The methanol will have a negative carbon intensity through sequestration of nearly a million tons per year of carbon dioxide produced by the project, which will be executed by Denbury Carbon Solutions.

Sungas Renewables anticipates BLRE will invest approximately 2 billion dollars to construct the project at the former International Paper facility in Rapides Parish. The BLRE facility is expected to begin construction in late 2024 with commercial operations commencing in 2027.

“Using biomass from sustainably managed forestry along with carbon capture allows our project to generate green marine shipping fuel while simultaneously removing carbon from the atmosphere. This new low-carbon marine fuel facility also helps strengthen communities and create sustainable economies right here in Rapides Parish, Louisiana,” said Robert Rigdon, CEO of Sungas Renewables. “As we continue our mission to make a meaningful impact in the energy transition, we look forward to collaborating with all our project partners and the State of Louisiana to construct and operate this important project. This incredible effort happening right here in Pineville will be an innovative and industry leading low-carbon energy solution that will help fuel a better world.”

In late 2022, Sungas Renewables announced a strategic green methanol partnership with Denmark-based Maersk, the world’s second largest container shipping company, to produce green methanol from multiple facilities around the country. Maersk is a leader in decarbonizing marine shipping by using green methanol to fuel its new and growing fleet of methanol powered container vessels. The BLRE project is Sungas Renewable’s first facility to produce green methanol for Maersk. Sungas Renewables chose Central Louisiana for the BLRE project due to its long history of sustainably managed forests, available infrastructure to support the facility, and strong local and State support.

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