A Philadelphia-based bioenergy company has inked a deal to build renewable diesel plants. This news release from SG Preston says it and Houston-based engineering firm IHI E&C agreed to develop and construct a series of commercial volume, advanced biofuels manufacturing plants, initially in the U.S. Midwest and Canada.
The plants will use proven, commercial scale technologies for the production of renewable diesel and jet fuel targeting U.S. and global industries seeking a volume-based, competitively priced solution to their environmental sustainability mandates.
“IHI E&C is a perfect fit for our U.S. and global strategic vision,” said R. Delbert LeTang, SG Preston President and Chief Executive Officer. “The need to drive thought leadership and momentum toward tangible solutions in the U.S. alternative energy market has become a strategic imperative that we intend to lead in alliance with global blue chip partners in engineering and construction, technology and manufacturing.”
IHI E&C will serve as turnkey EPC to SG Preston’s biofuels initiative, delivering “lump sum,” fixed price engineering and construction, a first in the renewable diesel and jet fuels landscape at commercial scale.
“We have maintained our commitment to focused execution of our volume-based advanced biofuels plan,” LeTang said. “We are extremely pleased to launch this industry-changing initiative in coordination with IHI E&C as a part of our integrated system of global, blue chip partners to rapidly take strategy and concept into design, engineering and execution at commercial scale.”
SG Preston will put its technology at five plants in Ohio, Indiana, Michigan, and Ontario, Canada, each with an initial capacity to produce 120 million gallons of renewable diesel and jet fuel annually.