The carbon capture and sequestration (CCS) test well programme has been successfully completed at a Louisianan green fuels project in Caldwell Parish – and it’s believed to be the first renewable diesel fuel project to achieve such milestone.
Strategic Biofuels on Wednesday (12th August) announced the milestone, stating that the tests demonstrated that carbon dioxide (CO2), the main greenhouse gas generated during the fuel production process, can be safely and securely stored deep underground.
Further to that, it highlighted that the storage reservoir has sufficient capacity to store all the gas produced over the plant’s lifetime.
Commenting on the achievement, Dr. Paul Schubert, CEO of Strategic Biofuels, said, “Carbon capture and permanent geologic sequestration is no longer a hypothetical scenario for Louisiana Green Fuels — successful completion of the test well is a major milestone that’s not been achieved by any other renewable diesel project.”
“These results enable us to move forward knowing that combining CCS with conversion of sustainable forestry waste to renewable diesel at our project site will enable us to achieve our deeply negative carbon footprint goal.”
“Deep carbon negativity greatly increases the potential carbon credit revenues from our fuel and vastly improves the project’s returns. What’s set us apart from other developers was recognising that the de-risking we could achieve with the test well more than justified the multi-million-dollar expenditure for the program at this early stage.”
Now the CCS test well programme has been proved a success, Strategic Biofuels will into a phase of engineering design for the plant that will give even greater clarity on the overall, long-term costs of the project, while also applying for the required regulatory permits and putting third party contracts in place.
The company hopes the plant will be mechanically complete in mid-2025 and achieve full commercial operation in late 2025. At this point it will convert forestry waste feedstock into cleaner-burning renewable diesel and is projected to produce 33.7 million gallons of renewable fuel annually.
Bob Meredith, Chief Operating Officer at Strategic Biofuels, added, “It’s easy to get excited about what the success of this sequestration test well means to the economic development for Caldwell Parish and the State of Louisiana, but we still have a lot of work to do entering an aggressive capital raise.”
“What we have been able to accomplish could very well be a blueprint for the renewable energy industry that is working to address our country’s carbon footprint far into the future.”