USA BioEnergy | Bon Wier Biorefinery
USA
Greenfield
Overview
Status
-
Greenfield
Region
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North America
Geography
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USA
State
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Texas
Equity Owner
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USA BioEnergy
Proponent
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Texas Renewable Fuels (USA BioEnergy subsidiary)
Output
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Carbon capture and storage (CCS)
Renewable diesel
Renewable naphtha
Sustainable aviation fuel
Type of electricty
-
Capacity
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34 m gallons/year - 50M metric tons of CO2
Financing
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$150m federal credits & tax incentives
Technology
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Technical Advisors
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Advisors
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Stifel, Nicolaus & Company, Incorporated (co-underwriter for a tax-exempt PAB financing), Citigroup (permanent debt financing)
Project Contact
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Dr. Robert Freerks, Vice President of Product Development, USA Bioenergy
Lawyers
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Kilpatrick Townsend (offtake agreements)
Project Cost
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$2.4bn, financed with a 60/40 split between debt and equity
Offtaker
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Southwest Airlines Co. ( 20-year, 680 million gallons)
Commercial Operations Date
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2025
Decommission Date
-
FID
-
Description
The development of a biorefinery that will convert 1M green tons of wood waste into 34M gallons annually of premium clean burning transportation fuel including Sustainable Aviation Fuel, Renewable Diesel, and Renewable Naphtha.
In July 2024, ReSource reporter the company was raising $ 85 million in development capital to reach FID on the project.
Future expansion will double the plant’s production capacity to 68M gallons annually.
The plant will also capture and sequester approximately 50M metric tons of CO2 over the life of the biorefinery.
USA Bioenergy’s long-term strategy is focused on building 12 advanced biorefineries, each producing 34M gallons of renewable fuel annually. Each plant is designed for expansion to double that capacity.