Provectus Biofuels signs LOI with Alberta town to develop SAF project

In Canada, Provectus Biofuels Inc. has signed a Letter of Intent with the Town of Vegreville to develop a biofuel facility that will convert the abundant wheat straw feedstock available in the area into Renewable Jet Fuel. Through this collaboration, Provectus aims to repurpose wheat straw into high-value low-carbon jet fuel providing:

·      A new revenue stream for farmers – turning an underutilized non-food agricultural byproduct into a profitable commodity that is already in high demand by the aviation industry.

·      An alternative to burning or plowing under wheat straw that reduces air pollution and carbon emissions.

·      Production of biochar: increasing crop yield, preserving irrigation water, increasing CO2 fixing

Alignment with federal and provincial clean energy transition and sustainability goals.