Petron to use Verdagy's electrolyzers to power its biorefinery for SAF, renewable diesel and e-methanol production
Verdagy announced it has entered into a strategic partnership with Petron Scientech. Petron will use 320 MW of Verdagy's eDynamic® electrolyzers to produce over 45,000 tpy of green hydrogen for integration into its first biorefinery project for production of SAF, renewable diesel and e-Methanol, resulting in a CO2e reduction of 500,000 tpy or over 15 megatons by green hydrogen alone and combined with biorefinery resulting in reduction of 2 megatons/year or over 60 megatons of CO2e through the project lifetime.
"Petron is developing several sustainability focused, low carbon intensity score, biorefineries reducing millions of tons of carbon emissions compared to fossil feed stock-based fuels, chemicals and plastics. The company is engaged with leading airlines for offtake of SAF made using Petron's ethanol and bio-ethylene technologies and with shipping companies for offtake of e-Methanol, produced using green hydrogen. We were seeking a green hydrogen and oxygen solution partner that integrates well with our biorefineries/renewable chemicals, has leading performance and the technology expertise to scale to multiple GWs in a capital efficient manner. Verdagy fits the bill perfectly, and we are pleased and look forward to collaborating with the company on several projects globally," said Petron Scientech's CEO Yogi Sarin.
"We're excited to collaborate with Petron to grow the SAF and biofuels markets. Verdagy's mission is to provide green hydrogen at fossil parity costs, without subsidies, within five years, to drive mass adoption and to meaningfully lower carbon emissions. Our electrolyzers pair seamlessly in real-time with renewable intermittent energy sources, and our industry-leading efficiency and operating range maximize asset utilization, leading to the lowest levelized cost of hydrogen (LCOH) in the world today," said Verdagy's CEO Marty Neese.
The two companies are collaborating on several biorefinery projects to produce SAF, e-Methanol and bio-chemicals and polymers. Verdagy opened its 1-GW electrolyzer factory in Silicon Valley in 2024 where the electrolyzers will be manufactured.
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