Monarch Energy is considering a sustainable aviation fuel facility in Rockford, Illinois.
The plant would supply SAF to the Rockford airport, according to a column by Illinois Senator Tammy Duckworth.
“Monarch is considering building a facility that would use the emissions from nearby landfills that are already overburdened with waste from metro areas, converting them into American-made Sustainable Aviation Fuel (SAF) that could then be used at Rockford International Airport,” the senator wrote.
In an interview last year, Monarch CEO Ben Alingh said the company was focused on several green hydrogen projects in the Gulf Coast region, most notably a 500 MW project near Beaumont, Texas and a 300 MW project near Geismar, Louisiana.
Monarch has a $25m preferred equity investment and $400m project equity commitment from LS Power.
The proceeds of the preferred equity raise will fund pre-FID aspects of Monarch’s 4.5 GW green hydrogen development platform: overhead, project development, interconnection, land, permitting, and engineering.
The $400m commitment, meanwhile, is earmarked for project equity investments in Monarch’s pipeline of projects. Under the arrangement, the projects will be dropped into a new entity, Clean Hydrogen Fuels, LLC, where LS Power provides the capital and Monarch provides the project, Alingh said in the interview.
