RYAM and VERSO ENERGY Execute Memorandum of Understanding to Explore eSAF
27 Fevereiro 2024 - 6:38PM
Business Wire
Rayonier Advanced Materials Inc. (NYSE:RYAM) and VERSO ENERGY
have entered into a Memorandum of Understanding (MoU) to explore
e-fuels and specifically e-SAF or Sustainable Aviation Fuel from
renewable resources. As part of the MoU, the companies will explore
the feasibility of using the Biogenic Carbon Dioxide (Biogenic CO2)
produced at RYAM’s Tartas France plant along with Green Hydrogen to
produce eSAF, a vital product needed to help reduce the world’s
rising greenhouse gases through Carbon Capture Utilization. The
companies expect to qualify for grants from the French government
to help fund the cost of this multi-year feasibility study.
“We are excited to be partnering with Verso Energy on this
endeavor,” said De Lyle Bloomquist RYAM’s President and Chief
Executive Officer. “Combining the unique attributes of RYAM’s
Tartas plant with VERSO ENERGY’s expertise in the development of
renewable energy creates a great opportunity for the potential
expansion of new sustainable fuels at the site.”
Antoine Huard, CEO of VERSO ENERGY declares: “We are very proud
to announce our agreement with RYAM. By studying the utilization of
RYAM’ significant resources in biogenic CO2 combined with VERSO
ENERGY’s capability to develop green H2 and e-fuel projects at
industrial scale, we are laying strong foundations to meet the
challenge of decarbonizing hard-to-abate sectors such as aviation –
an industry facing ambitious and binding decarbonation targets as
soon as 2030.”
About RYAM
RYAM is a global leader of cellulose-based technologies,
including high purity cellulose specialties, a natural polymer
commonly used in the production of filters, food, pharmaceuticals
and other industrial applications. The Company also manufactures
products for paper and packaging markets. With manufacturing
operations in the U.S., Canada and France, RYAM generated an
estimated $1.6 billion of revenue in 2023. More information is
available at www.RYAM.com.
About VERSO ENERGY
VERSO ENERGY is a carbon-free energy company specializing in the
development of projects designed to make possible a decarbonized
and competitive energy mix with a high proportion of renewable
energies. Co-founded by Xavier Caïtucoli and Antoine Huard, VERSO
ENERGY is a new player in the energy transition specializing in the
development, financing and operation of carbon-free energy
production assets More information is available at
www.verso.energy
Forward-Looking Statements
Certain statements in this document regarding anticipated
financial, business, legal, or other outcomes, including business
and market conditions, outlook, and other similar statements
relating to Rayonier Advanced Materials’ or future or expected
events, developments, or financial or operational performance or
results, are "forward-looking statements" made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995 and other federal securities laws. These forward-looking
statements are identified by the use of words such as "may,"
"will," "should," "expect," "estimate," "believe," "intend,"
"anticipate," and other similar language. However, the absence of
these or similar words or expressions does not mean that a
statement is not forward-looking. While we believe these
forward-looking statements are reasonable when made,
forward-looking statements are not guarantees of future performance
or events, and undue reliance should not be placed on these
statements. Although we believe the expectations reflected in any
forward-looking statements are based on reasonable assumptions, we
can give no assurance that these expectations will be attained. It
is possible that actual results may differ materially from those
indicated by these forward-looking statements due to a variety of
risks and uncertainties.
Other important factors that could cause actual results or
events to differ materially from those expressed in forward-looking
statements that may have been made in this document are described
or will be described in our filings with the U.S. Securities and
Exchange Commission, including our Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q. Rayonier Advanced Materials assumes
no obligation to update these statements except as is required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240226295002/en/
RYAM Contacts Media Ryan Houck +1 904-357-9134 Investors
Mickey Walsh +1 904-357-9162
VERSO ENERGY Contact Media Stéphanie Lefebvre-Oustry +33
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