Jun 15, 2023 8:30 AM
RYAM, a pioneer in biomaterials technology, will further leverage the value in its wood-based feedstock (without competing with food) to produce second-generation (2G) bioethanol, an eco-friendly fuel with a ninety percent smaller
“With the successful development of second-generation bioethanol products, RYAM is taking an important step toward achieving our
RYAM’s new bioethanol plant will capture residual sugars from existing biomaterials refinement processes and convert those sugars into 2G bioethanol. This project will enhance the circularity of the Tartas plant’s operation, resulting in a significant portion of RYAM’s primary raw material (sustainably sourced trees) being utilized towards higher-value commercial end uses.
“Second-generation bioethanol is about more than just introducing a new product pipeline. 2G bioethanol represents RYAM’s largest investment to date towards its more sustainable BioFuture,” said
Designed to produce up to 21 million liters of bioethanol, the new facility is scheduled to begin commercial operation during the first half of 2024. The plant has received certification from ISCC EU, conforming with the Renewable Energy Directive (RED II). RYAM has entered a long-term off-take (sales) agreement with a large international petrochemicals company to purchase the 2G bioethanol and financed a significant portion of its investment with low-cost green loans.
About RYAM
RYAM is a global leader in cellulose-based technologies, including high-purity cellulose specialties, a natural polymer commonly found in filters, food, pharmaceuticals, and other industrial applications. The Company also manufactures products for paper and packaging markets. With manufacturing operations in the
Forward-Looking Statements
Certain statements in this document regarding anticipated financial, business, legal or other outcomes, including business and market conditions, outlook and other similar statements relating to Rayonier Advanced Materials’ or future or expected events, developments or financial or operational performance or results, are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as "may," "will," "should," "expect," "estimate," "believe," "intend," "anticipate," and other similar language. However, the absence of these or similar words or expressions does not mean that a statement is not forward-looking. While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events, and undue reliance should not be placed on these statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that these expectations will be attained. It is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties.
Other important factors that could cause actual results or events to differ materially from those expressed in forward-looking statements that may have been made in this document are described or will be described in our filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20230615650907/en/
Media
Investors
Source: