GranBio signs MOU with Rayonier Advanced Materials to develop small-scale cellulosic SAF facility in Georgia
Under the agreement, GranBio will lead the proposed project to deploy its proprietary AVAP® technology to convert lignocellulosic biomass into second-generation ethanol, which will be upgraded into SAF for sale to an offtaker. The new facility would leverage RYAM’s infrastructure at the Jesup plant, including feedstock, utilities, and logistics. The project will be partially financed through GranBio’s $100 million grant from the U.S. Department of Energy.
In addition to advancing its strategic goal of maximizing value from existing assets, should the project proceed, RYAM would receive a license to GranBio’s latest-generation Celer2L™ yeast and AVAP® technologies for ethanol and sugar production at its own facility, in partnership with GranBio – a meaningful step in diversifying into high-growth biofuel and biochemical markets.
Category: Fuels
