Verdagy and Petron Scientech Partner to Produce Green Hydrogen for Sustainable Biofuel Projects
Key Ideas
- Verdagy and Petron Scientech have entered a strategic partnership to produce green hydrogen for sustainable aviation fuel (SAF) and e-methanol in biorefinery projects.
- Petron Scientech aims to integrate over 320 MW of Verdagy's eDynamic® electrolyzers in its first Biorefinery project to lower carbon emissions and drive mass adoption of green hydrogen.
- The collaboration focuses on scaling up production of SAF, e-methanol, and bio-chemicals/polymer using renewable energy sources, showcasing Verdagy's cutting-edge technology and Petron's experience in sustainable chemical processes.
- Verdagy's mission is to provide green hydrogen at fossil parity costs within five years, emphasizing synergy with Petron's sustainability-focused approach and commitment to lowering the overall carbon intensity score.
Verdagy, a prominent green hydrogen electrolysis company, has partnered with Petron Scientech, a seasoned player in renewable sustainable chemical process technologies, to advance sustainable biofuel projects. Petron plans to leverage Verdagy's eDynamic® electrolyzers to produce green hydrogen for integration into its Biorefinery projects, focusing on SAF and e-methanol. The partnership aims to cater to leading airlines and shipping companies, emphasizing the production of SAF from Petron's Ethanol and bio-ethylene technologies and e-methanol from green hydrogen.
The CEOs of both companies expressed enthusiasm for the collaboration, with Petron's CEO highlighting Verdagy's leading performance and capital-efficient scaling capabilities. Verdagy's CEO emphasized the seamless integration of their electrolyzers with renewable energy sources, contributing to the low levelized cost of hydrogen (LCOH) globally. The joint efforts will target multiple biorefinery projects to produce SAF, e-methanol, and bio-chemicals/polymer.
Verdagy's expertise lies in manufacturing Advanced AWE electrolyzers that offer high asset utilization and efficiency, aligning with their goal of providing green hydrogen without subsidies. The company's focus on driving mass adoption and reducing carbon emissions complements Petron's dedication to sustainability and renewable chemicals. On the other hand, Petron specializes in setting up biorefinery projects worldwide to produce a range of biofuels and polymers, leveraging its technology experience and global market presence.
Overall, the partnership between Verdagy and Petron Scientech signifies a significant step towards advancing green hydrogen technology in the biofuel industry, with a shared vision of promoting sustainability and reducing carbon footprint.
Topics
North America
Renewable Energy
Technology
Sustainability
Green Technology
Partnership
Biofuels
Biorefinery
Renewable Chemicals
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