Octopus Energy plans $6 billion biomass to SAF project in Canada to supply Europe
In India, BioEnergy Times reported that UK-based Octopus Energy Generation is planning to invest up to $6 billion in a sustainable aviation fuel facility in Canada, aiming to tap into rising demand in European markets.
The project will be developed through its Canadian arm, Nova Sustainable Fuels, at a coastal industrial site in Goldboro, Nova Scotia. Construction is expected to take about three years, with operations targeted to begin by 2031 following a final investment decision in 2028. The plant is designed to operate for up to 50 years, according to the report.
The facility will use forestry waste such as branches, bark and other residues to produce fuel. Around 750,000 tons of biomass will be processed annually using gasification technology to break it down into hydrogen and carbon components, the report added.
These will be combined with additional green hydrogen, produced using renewable energy and water, to create methanol, which will then be converted into sustainable aviation fuel.
Category: Fuels
