Fidelis New Energy’s plans to build a massive renewable fuels complex at the Port of Greater Baton Rouge have been delayed by two years.
The project, known as Grön Fuels, is a $9.2bn, 65,000 barrel per day renewable fuels facility producing sustainable aviation fuel, renewable diesel, renewable naphtha, and renewable propane as low carbon transportation fuels, according to the firm’s website.
The developer had said in a 2021 press release that Fidelis expected to achieve final investment decision in 2021. However an executive from Fidelis told local Louisiana newspaper that the firm is still working toward a final investment decision as it waits for final rules regarding the IRA.
“We now have a build-out path that enables the start of the construction and independent operations of the [sustainable aviation fuel] production portion of Grön Fuels while enabling the additional values of the FidelisH2 technologies to be added after the IRA rules that impact them are finalized,” Fidelis COO Bengt Jarlsjo wrote to the Greater Baton Rouge Business Report.
Commercial operations for the project are now expected in 2027 compared to 2025 previously, the executive told the newspaper.
Jarlsjo did not respond to a request for an interview from ReSource.
