Demeter Energy secures strategic feedstock deal with Veransa Group
In Florida, Demeter Energy announced the execution of a strategic feedstock supply term sheet agreement with Veransa Group, establishing Veransa as the primary supplier of urban wood and green waste feedstock for Demeter Energy’s planned commercial-scale biomethanol and carbon capture facility at SeaPort Manatee. Under the agreement, Veransa will provide up to 325,000 tons annually of qualifying feedstock capacity to support the facility’s long-term operations.
The agreement represents a significant milestone in advancing the SeaPort Manatee project toward Final Investment Decision by securing a substantial portion of the sustainable biomass resources required to support production of approximately 100,000 metric tons of low-carbon biomethanol annually while enabling the capture and permanent sequestration of approximately 200,000 metric tons of biogenic carbon dioxide each year.
The feedstock will consist primarily of urban wood waste and green waste collected from municipal and regional sources throughout the greater Tampa Bay region and surrounding areas. Veransa’s established operational platform, network of facilities, regional expertise, and longstanding municipal relationships provide a strong foundation to reliably support the project’s long-term feedstock requirements.
Category: Fuels
