Greenwood Renewable Ventures

What are sustainable fuels? ------------------------------------------ Doug Whitehead the COO of Clean Fuels Alliance America shared a post last week, stating, "Clean Fuels are a boon for the economy! They add value to agriculture, provide cleaner air, offer premium performance, create jobs, and much more. If you're a diesel fuel user, make sure to try biodiesel or renewable diesel." As I think through sustainable fuels, I think about fuels that are produced from non-petroleum feedstocks, and are an alternative fuel that reduces emissions from transportation, processing, or heating. They are sustainable in that they are renewable and have lower carbon intensities than the current fuel options that we have today. They are also sustainable in that they provide an substitute for petroleum fuels and can replace them entirely with time. There is a monumental task in front of us with world oil consumption of 97.3 million barrels per day in 2022 (over 35 billion barrels), while natural gas consumption worldwide amounted to roughly 3.94 trillion cubic meters in 2022. I liken this to eating an elephant. The only way to do it, is one bite at a time. Today, these renewable fuels are not available in sufficient quantities to replace fossil petroleum products entirely, but each bite gets us closer to the day when they can. Projects and ideas are now being advanced that will allow these sustainable fuels to become meaningful in our energy mix. Greenwood Renewable Ventures (GRV) is excited to be advancing bioenergy projects in North Dakota. Phase 1 buildout of GRV’s proposed facility will process 900,000 tons of grown-for-purpose sugar beets annually?to generate over 21 MMGY of very low-carbon fuel ethanol (negative CI when including CO2 sequestration) and 1,000,000 MMBtu of cellulosic RNG (1 Bcf). In this Phase, GRV will also capture and sequester 105,000 tons of CO2 annually. The very low CI fuel ethanol can be further processed to SAF and renewable diesel utilizing alcohol-to-jet (ATJ) technology. Phase 2 of this project will result in an increase of low-carbon fuel ethanol to 54-65 MMGY and 2.25-2.75 MMMBtu of cellulosic RNG (2.25-2.75 Bcf) annually. #RNG #renewablenaturalgas #sustainability #emissionreduction #sustainableaviation #sustainableaviationfuel #renewableenergy #renewablesindustry #renewables #cleanenergy #cleanenergytransition #cleanenergyfuture #netzero #netzerocarbon #climatechange hashtag #innovation #leadership #sustainable #sustainabledevelopment #sustainablefuture #saf #agriculture #agtechnology #agtech #bioenergy #northdakota #montana

Fertilizer and the Circular Economy --------------------------------------------- Last week, Philip Christiani of Copenhagen Infrastructure Partners shared his insights from an article published by McKinsey & Company. The article was titled, "From green ammonia to lower-carbon foods." Philip Christiani's key take-aways from the article are listed below: "Sometimes it takes a bit of analysis to shed light on complicated matters: In this article a McKinsey team has described the cost impact of using green fertilizer on 10 common food products, and the results are interesting - In their simplest form: - Green fertilizer will reduce the CO2 footprint - end-to-end - of 10 common food products by 3-8 percent. - On the surface a small number, but in reality, a considerable fraction of what can practically be done on the farm - in some situations probably the largest single lever. - More importantly: For all 10 products, the change in production cost is less than 1 percent." An article, published by Processes MDPI on November 3, 2020 titled, "Quality of Sugar Beets under the Effects of Digestate Application to the Soil," studied the effect on yield and sugar content of sugar beets when chemical fertilizer is replaced with digestate from sugar beet pulp. (Authors: Andrzej Baryga, Bozenna Polec, and Andrzej Klasa) The findings and conclusions were profound. The digestate was found to be an acceptable replacement to standard chemical fertilizer, but also yielded larger root size (higher yields), and increased beet sugar content. This is remarkable in that it provides an opportunity to materially decrease the carbon intensity of farming operations and additionally decrease the CI of the fuels that Greenwood Renewable Ventures will produce at its first bioenergy project in North Dakota. Phase 1 buildout of GRV’s proposed facility will generate over 21 MMGY of very low CI fuel ethanol (negative CI when including CO2 sequestration), 1,000,000 MMBtu of cellulosic RNG, 105,000 tons of CO2, and organic fertilizer. The very low CI fuel ethanol can be further processed to SAF and renewable diesel utilizing alcohol-to-jet (ATJ) technology. Phase 2 of this project will result in an increase of very low CI fuel ethanol to 54-65 MMGY and 2.25-2.75 MMMBtu of cellulosic RNG. We are excited to be advancing this project as such a monumental time in energy transition. The production of organic fertilizer is one more way that GRV is advancing the circular economy. #carbonnegative #LowCIEthanol #RNG #saf #sustainableaviationfuel #sustainableaviation #sustainability #sustainablebusiness #sustainabledevelopment #sustainableenergy #aviation #airlineindustry #airlines #renewableenergy #renewables #cleanenergy #cleanenergytransition #cleanenergyfuture #climatechange #greenenergy #northamerica #usa #canada #congress #netzero #netzerocarbon #decarbonization Link to article: https://lnkd.in/gYzEDCJZ

??

Gevo welcomes the Biden Administration’s use of the Argonne GREET method for Sustainable Aviation Fuel (SAF) credit compliance. “Gevo greatly appreciates the Biden Administration’s intent to use the Argonne GREET method and model for sustainable aviation fuel (SAF). Today’s guidance is a much-needed step forward for SAF investment and innovation. Designating GREET for the 40B credit sets an accurate, science-based precedent for transparent carbon accounting across the SAF supply chain, from farm fields to the end use of the fuel. The details and certainty matter. Therefore, we look forward to reviewing the complete GREET update upon release to ensure it maintains the data-driven integrity, especially on indirect emissions, necessary to support SAF investment, properly value agriculture’s contributions and cut aviation emissions. We also thank the Administration for its advocacy for climate-smart agriculture and the tools and policies that recognize and account for U.S. farmers’ stewardship of the land and contribution to cleaner flight,” stated Dr. Patrick Gruber, CEO of Gevo. Full Release here: https://lnkd.in/gR2VdWYQ

"LanzaJet applauds the Department of Treasury’s decision to recognize EPA’s Renewable Fuel Standard (RFS) methodology and its intent to recognize the Department of Energy’s revised GREET model early in 2024 for its evaluation of Sustainable Aviation Fuel (SAF). This policy framework, which?received broad support from?the agricultural and?aviation sectors, will undoubtedly accelerate the country’s work to decarbonize aviation and meet the federal government’s SAF Grand Challenge goals. ? We thank President Biden, Secretary Yellen,?and the entire Biden Administration?for their commitment to ethanol-based SAF and ensuring it is measured by the same criteria applicable to other low-carbon fuels." Statement from LanzaJet CEO, Jimmy Samartzis https://lnkd.in/g5RDgQ_g

The Benefits of RNG Plants ----------------------------------------- Nadeem Raja published an article in November 27, 2023. He did a great job at articulating the value and benefits that RNG plants bring local communities. The production from these facilities is a biogas that is a clean renewable energy source produced from organic waste, such as agricultural residues, animal manure, wastewater, food waste and organic municipal waste. The RNG provides a sustainable alternative to fossil fuels and reduces dependence on non-renewable resources. There are so many additional benefits beyond the clean, renewable energy that they produce, that RNG plants bring to communities. These benefits include; economic advantages, methods of managing wastes and improved sanitation, job creation, fertilizer production and replacement of chemical fertilizers, and so many others. Greenwood Renewable Ventures (GRV) is excited to be advancing bioenergy projects in North Dakota. Phase 1 buildout of GRV’s proposed facility will process 900,000 tons of grown-for-purpose sugar beets annually?to generate over 21 MMGY of very low-carbon fuel ethanol and 1,000,000 MMBtu of cellulosic RNG (1 Bcf). In this Phase, GRV will also capture and sequester 105,000 tons of CO2 annually. The very low CI fuel ethanol can be further processed to SAF and renewable diesel utilizing alcohol-to-jet (ATJ) technology. Phase 2 of this project will result in an increase of low-carbon fuel ethanol to 54-65 MMGY and 2.25-2.75 MMMBtu of cellulosic RNG (2.25-2.75 Bcf) annually. #renewablenaturalgas #sustainability #emissionreduction #sustainableaviation #sustainableaviationfuel #renewableenergy #renewablesindustry #renewables #cleanenergy #cleanenergytransition #cleanenergyfuture #netzero #netzerocarbon #climatechange #innovation #leadership #sustainable #sustainabledevelopment #sustainablefuture #saf #agriculture #agtechnology #agtech #bioenergy #northdakota #montana Link to article: https://lnkd.in/gkVgWH5x

https://lnkd.in/gUvQMRq3