Carbon Direct and C2X announce collaboration on forestry residue-to-biofuel project
In New York, Carbon Direct and C2X have announced a new collaboration to advance the Beaver Lake Biofuels project in Louisiana.
The companies noted that this project presents a pioneering approach to biomass carbon removal and storage (BiCRS), transforming forestry residues and by-products into both clean fuel and high-quality carbon dioxide removal (CDR) credits.
The Beaver Lake project is expected to produce approximately 550,000 tons of bio-methanol annually and durably store approximately 1 million tons of CO2 per year. The project has already secured long-term commitments from leading buyers, including a CDR offtake agreement with Microsoft for 3.6 million metric tons of carbon removal over 12 years.
The project will soon complete the front-end engineering design (FEED) phase and is expected to reach final investment decision (FID) in 2026, positioning it for delivery starting in 2029.
Category: Fuels
