Latvia's Energy Sector Boost: KBR Signs Agreement for Renewable Aviation Fuel Plant
Key Ideas
  • The Latvian trade mission to the USA resulted in a cooperation agreement between KBR and GI Termināls for the construction of a renewable aviation fuel plant in Liepāja.
  • KBR will provide patented engineering solutions and equipment for a CO2 export terminal at the Port of Liepāja, marking their first project in the Baltic region.
  • The project aims to leverage 20 patented technologies by KBR for recycling fossil resources like CO2, contributing to Latvia's sustainable aviation fuel industry and energy sector development.
  • Economics Minister Viktors Valainis emphasized the importance of these technologies for Latvia's energy future, highlighting the significant step forward in sustainable fuel production.
As part of a Latvian trade mission to the USA, organized by the Ministry of Economics and the Latvian Investment and Development Agency (LIAA), a significant cooperation agreement was signed between KBR and GI Termināls. The agreement entails KBR providing engineering solutions and equipment for the construction of a renewable aviation fuel plant and CO2 export terminal at the Port of Liepāja. This development follows strategic discussions on regulatory changes to support sustainable aviation fuel production, CO2 capture, hydrogen capture, and wind farm development in Latvia. The Director of LIAA, Raivis Bremšmits, highlighted the culmination of months of work in facilitating this agreement. Economics Minister Viktors Valainis praised the entry of KBR into Latvia's energy sector, emphasizing the necessity of advanced technologies for sustainable aviation fuel production. KBR's 20 patented technologies for resource recycling, including CO2, will play a crucial role in this project, scheduled for completion by 2030. This collaboration signifies a pivotal advancement in Latvia's energy landscape, aligning with goals for environmental sustainability and economic growth.
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