Synsel secures funding for its biorefinery in Ontonagon
Type of post: NEWS IN BRIEF.
SynSel
Energy Inc. (SynSel), a developer and integrator of biorefining processes,
has selected Ontonagon (Michigan) and Lumberton (Mississippi) as initial sites
in USA for the construction of its first advanced biofuels plants (more
information here: “SynSel
plans to build two advanced biofuels plants in USA”, 3/8/2017). Last
August, the company was seeking funding for the construction of both plants.
According to recent news,
SynSel has just secured the capital resources for one of them. It is partnering
with a US-based financier and Lost Bowl Development LLC to construct the facility
in Ontonagon.
Available data
Location
|
Former Smurfit-Stone
Paper Mill in Ontonagon.
It is owned
by Lost Bowl Development LLC.
|
Feedstock
and processing capacity
|
At full
capacity, the plant will use approximately the same volume of wood feedstock
as the former paper mill.
|
Products
and production capacity
|
90,000
gallons per day of synthetic transportation fuels.
|
Technology
|
Thermocatalytic
process.
|
Investment
|
300 M$.
|
Employment
impact
|
The plant
will operate 24/7 and is estimated to generate 100 to 150 full-time jobs
across four shifts.
|
Timeline
|
The
engineering work is expected to begin in early summer and will take 14
months.
Construction
of the plant would be spread out over 2 years followed by several months of
commissioning.
|
Figure 1. Former Smurfit-Stone Paper Mill in
Ontonagon, where the new biorefinery will be constructed