Fidelis, Koch team up on USD-9.2bn renewable fuel project in Louisiana

An artist's rendition of the Grön Fuels complex. Source: Fidelis Infrastructure

April 21 (Renewables Now) - Texas-based asset manager Fidelis Infrastructure Partners LP has picked two companies of Koch Engineered Solutions (KES) as partners in the execution and implementation of some components of a USD-9.2-billion (EUR 7.66bn) renewable energy project in Louisiana.

Optimized Process Designs (OPD) and Koch Project Solutions (KPS) will partner with Fidelis on the Grön Fuels project at the Port of Greater Baton Rouge, KES announced on Tuesday. The complex will produce green hydrogen, renewable diesel, sustainable aviation fuels and bio-plastic feed stocks. It is expected to produce the equivalent of 1,000 MW of green hydrogen.

As announced in November 2020, the plan is to realise the project in stages over nine years at a site leased from the port on the west bank of the Mississippi River. The first phase could cost more than USD 1.25 billion to execute by 2024, establishing a facility to produce up to 60,000 barrels per day of low-carbon renewable diesel. At the time, Grön Fuels LLC was studying the feasibility of the scheme.

"In addition to leveraging KPS' knowledge and scale, we are excited to work with KES on market-leading carbon capture and sequestration solutions for the Grön Fuels Ecosystem," Fidelis president Bengt Jarlsjo commented on Tuesday.

KES is part of Kansas-based chemical company Koch Industries Inc.

(USD 1.0 = EUR 0.833)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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