Verdagy to supply over 320 MW of electrolyzers for Petron’s biorefinery project
Verdagy has announced a strategic partnership with Petron Scientech, which will use over 320 MW of Verdagy’s eDynamic® electrolyzers to produce green hydrogen for integration into Petron’s first biorefinery project for the production of SAF and e-methanol.
The two companies are collaborating on several biorefinery projects to produce SAF, e-methanol and bio-chemicals and polymers.
Commenting on the partnership, Yogi Sarin, CEO of Petron Scientech, said: “Petron is developing several sustainability-focused, low carbon-intensity score, biorefineries and is engaged with leading airlines for the offtake of SAF made using Petron’s ethanol and bio-ethylene technologies as well as with shipping companies on the offtake of e-methanol, produced using green hydrogen. We were seeking a green hydrogen solution partner that integrates well with our biorefineries/renewable chemicals, has leading performance, and the technology expertise to scale to multiple GWs in a capital-efficient manner. Verdagy fits the bill perfectly and we look forward to collaborating with the company on several projects globally.”
Verdagy’s CEO Marty Neese added: “We are excited to collaborate with Petron to grow the SAF and biofuels markets. Verdagy’s mission is to provide green hydrogen at fossil parity costs, without subsidies, within five years, to drive mass adoption and to meaningfully lower carbon emissions. Our electrolyzers pair seamlessly in real-time with renewable intermittent energy sources, and our industry-leading efficiency and operating range maximize asset utilization, leading to the lowest levelized cost of hydrogen (LCOH) in the world today.”