"At Oleo-X, our vision is to feed the growing demand for sustainable energy, and today’s launch brings us one major step closer to making that vision a reality," said Oleo-X investor Ivonne Ruggles. This achievement is a breakthrough for the RD and SAF industries, marking important progress toward a more sustainable future. Oleo-X’s industry-leading chemistry and plant enable it to process low-carbon, inedible oils – including poultry fat – without blending in high-quality oils taken from the food industry. The company’s innovation is substantially widening the pool of renewable energy feedstocks. With its new facility now in operation, Oleo-X is carving out a unique position within the fast-developing renewable energy ecosystem. The purity of the feed reduces the revamp cost of converting existing conventional refining units to process renewable feedstock, while also lowering carbon intensity. Oleo-X’s advanced chemistry formulates an unmatched product that can extend RD and SAF unit catalyst lives by years. The company leverages its advanced pretreatment technology to innovate exceptionally clean, high-quality RD and SAF feedstocks, which enable partners to produce premium renewable fuels. Located in Pascagoula, Mississippi, Oleo-X's facility has the potential capacity to produce up to 300 million gallons per year of premium feedstock. In addition to the facility launch, Oleo-X announced the appointment of longtime airline fuel executive Sergio Correa as Chief Executive Officer. PASCAGOULA, Miss., May 04, 2023-( BUSINESS WIRE)- Oleo-X, a leading innovator and producer of premium renewable fuel feedstocks, today announced the launch of its world-class renewable diesel ("RD") and sustainable aviation fuel ("SAF") feedstock merchant pretreatment facility. The company has hired Sergio Correa as CEO to guide its growth and press forward its vision of fueling the world toward sustainable energy.
0 Comments
Leave a Reply. |