Haarslev and Grön Fuels Form Strategic Feedstock, Marketing, and Investment Alliance
Grön Fuels 65,000 barrel per day sustainable aviation fuel ("SAF") and renewable diesel ("RD") plant will serve global customers in need of low or negative carbon transportation fuels. Located at the Port of Greater Baton Rouge, Grön Fuels is designed to use all traditional renewable feedstocks, including fats, oils, and greases, as well as emerging feedstocks such as camelina, carinata and algae oil. The Grön Fuels GigaSystem™ also includes biogenic carbon capture and sequestration ("BECCS") and carbon negative power ("CNP") facilities that will further reduce the carbon intensity of the SAF and RD produced from all feedstocks. Grön Fuel's GigaSystem is ideal to utilize the non-food low-CI feedstock produced by Haarslev's superior technology and is expected to start production in 2025.
This Alliance establishes a preferred marketing and investment relationship, where Haarslev and Grön Fuels jointly approach and evaluate potential rendering by-product and investment opportunities; Grön Fuels may provide capital in exchange for product and Haarslev may provide rendering equipment to the potential rendering facility for a collaborative, high return, value proposition that reduces risk and expands value for rendering parties.
This relationship will encompass North American rendering projects within Haarslev's development pipeline across all species of rendering processing. Together, Haarslev, with its best in class rendering equipment technologies that guarantee throughput and maximize quality and yield performance, combined with leveraging the Grön Fuels' low or negative carbon GigaSystem™, can provide a unique combination of capital, reliable by-product solution, logistical advantage, and value creation to businesses across North America.
Troels Svendsen, President, Haarslev Inc. noted, "Our commitment to be leading in solutions for the sustainable feed and food is expanding with our new strategic alliance with Grön Fuels, the leader in renewable fuels. It fits with our strong focus on taking care of tomorrow and our ESG goals. We believe this alliance will bring tremendous value to our customers, communities and stakeholders as we move into further value escalation and upcycling of the products derived from non-food and rendering processing."
Brian Carter, President, Grön Fuels noted, "We are excited to collaborate with the world's leading provider of rendering and processing equipment in the sourcing and production of non-food, low carbon feedstocks in Grön Fuels' production of SAF and RD." Greg Smith, SVP, Commercial & Logistics added, "This new strategic Alliance provides a holistic solution for rendered products with an expansive North American reach for all new and existing rendering operations, providing unique value creation throughout the renderer's business, from equipment to renewable fuels feedstock."
Haarslev is the market leader in durable, high quality process equipment for rendering by-products and in delivering sustainable feed and food processes. Haarslev has approximately 1,000 employees globally, with offices and production facilities in 21 countries.
Haarslev A/S is headquartered in Søndersø, Denmark. For more information, visit www.haarslev.com.
Fidelis New Energy, the parent of Grön Fuels, is an energy transition company driving decarbonization through investments in renewable fuels, low or negative carbon intensity products, and carbon capture and storage to address climate and energy security challenges. Fidelis New Energy is headquartered in Houston, Texas with offices in Baton Rouge, Louisiana and Copenhagen, Denmark. For more information, visit www.fidelisnewenergy.com.
Grön Fuels will produce 65,000 barrel per day of sustainable aviation fuel ("SAF") and renewable diesel ("RD"). The Grön GigaSystem™ leverages the Fidelis RACER™ framework to optimize the operational and carbon efficiency of the plant utilizing biogenic carbon capture and sequestration and carbon negative power additions to enable carbon negative renewable fuel production using traditional and emerging feedstocks.
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