SGP BioEnergy announced the addition of green hydrogen production to the largest planned advanced bio refinery in the world allowing the facility to operate with net-zero emissions. In May, SGP BioEnergy announced the plan for Biorefineria Ciudad Dorada (Golden City Biorefinery), located in Colon and Balboa, Panama.
Facility construction is on schedule for Phase 1 production to begin in 2025, with all land rights secured to allow for the groundbreaking of physical construction in 2023. Once fully operational the biorefinery will produce 180,000 barrels per day (2.6 billion gallons per year) of biofuel and 405,000 metric tons of green hydrogen annually.
“This facility is truly a model of the energy transition,” said Randy Delbert Letang, CEO of SGP BioEnergy.
“This facility is truly a model of the future of the energy transition,” said Randy Delbert Letang, CEO of SGP BioEnergy. “We will not only produce the fuel that will decarbonize transportation but do so in a way that is also decarbonizing the manufacturing process itself. It is the first time both advanced biofuels and green hydrogen will be produced together at this scale, and we are excited to be bringing this innovation to Panama.”
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Multiple partners are working together to make the refinery a reality and many of them joined SGP BioEnergy today to conduct the groundbreaking. Attendees included Gustavo Cienfuegos from engineering firm Topsoe, Yasser Williams from Corporacion CSN, S.A., Minister of Commerce and Industries of Panama Federico Alfaro, and Secretary of Energy of Panama Dr. Jorge Rivera Staff.
“It is exciting to see the progress on this facility that will bring more than 1,000 jobs to Panama,” said Minister Alfaro. “The addition of green hydrogen to this facility is further evidence of Panama’s role as a source of innovation and real solutions to address climate change,” said Secretary Staff.
Over the last few months, SGP BioEnergy has convened political and industry leaders to ensure this massive project stays on schedule and can meet the growing demand for advanced biofuels to produce Sustainable Aviation Fuel, as well as Renewable Diesel for ground transportation and lower carbon marine fuel.