Fidelis New Energy | Grön Fuels Renewable Energy Complex
USA
Announced
Overview
Status
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Announced
Region
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North America
Geography
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USA
State
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Louisiana
Equity Owner
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Fidelis Infrastructure
Proponent
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Grön Fuels
Output
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Green hydrogen
Sustainable aviation fuel
Type of electricty
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Capacity
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60,000 barrels per day
Financing
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Technology
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electrolysis
Technical Advisors
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Optimized Process Designs (EPC)
Advisors
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Project Contact
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Bengt Jarlsjo, COO, partner, president and co-founder of Fidelis Infrastructure Phone: (832) 551-3300 Email: info@fidelisinfra.com
Lawyers
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Project Cost
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Offtaker
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Commercial Operations Date
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2027 (previously 2025)
Decommission Date
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FID
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December, 2024
Description
The project is a $9.2bn carbon negative renewable fuel complex at the Port of Greater Baton Rouge.
The first phase of the multiphase, multiyear program is the 63,000-barrel-per-day Grön Fuels production facility. Fidelis originally expected to achieve a final investment decision in 2021, but as of April 2024 it is still working towards it as it waits for final rules regarding the IRA. Commercial operations for the project are now expected in 2027 compared to 2025 previously.
The total complex is projected to result in more than 5,000 direct and indirect quality jobs and be implemented over an approximate ten-year period. The facility will produce green hydrogen, renewable diesel, arctic spec renewable diesel, sustainable aviation fuels and bio-plastic feedstocks.
Through Capio Sequestration, LLC, another Fidelis portfolio company, tens of millions of tons of biogenic CO21 will be captured and sequestered over the life of the plant to create a carbon negative enterprise.
The complex includes Project Cyclus, a planned biomass 200 MW power plant facility that will provide power for Fidelis’ Grön Fuels facility.