SGP BioEnergy, Golden City Biorefinery, Panama
Project: SGP BioEnergy, Golden City Biorefinery, Panama – Biorefineria Ciudad Dorada
Location: Colon and Balboa, Panama
Feedstock: Purpose grown plant oils, waste fats and greases.
SAF Production start: 2027
Annual biofuel target: 180,000 barrels per day (2.6 billion gallons per year)
Strategic partners: Private landowners, Panama Oil Terminals (POTSA) and the government of Panama
Technology partners: Topsoe, Fluor (front-end engineering study)
Funding: Arranged by Goldman Sachs
Biorefineria Ciudad Dorada aims to be the world’s largest Sustainable Aviation Fuel (SAF). The site is already used to store 70% of Panama’s bunker fuel oil.
SGP BioEnergy is planning to grow the refinery in three five-year stages. Each stage will increase production by 60,000 barrels per day.
May 2022 Comments:
Randy Delbert Letang, CEO of SGP BioEnergy: “Transportation makes up 27 percent of greenhouse gas emissions and the only way to decarbonize many sectors – like aviation – is to integrate fossil fuels with compatible biofuels. This facility not only brings cleaner fuels online in the short term, but its construction at a central hub of global commerce, serving over 1,000 ports, catalyzes the industry in the long term by immediately delivering a lower cost of biofuels, reducing food waste and revolutionizing farm economics.”
Laurentino Cortizo, President of the Republic of Panama: “Our country welcomes this biofuels production and logistics facility that will help Latin America and the world in the energy transition and contribute to climate change innovation. Panama’s unique geographic position, existing logistics platform, and special economic zones make it the perfect place for this facility. We are very excited about the 1,000 jobs this investment will generate for the people of Colon and Panama. In addition, it has the potential to stimulate Panama’s agricultural sector by producing bioenergy stock feeds locally.”
Henrik Rasmussen, Managing Director, The Americas, Topsoe: “We are very happy to license our HydroFlex™ and H2 Bridge™ technologies for this exciting renewable fuels project in Panama and to support SGP BioEnergy in their ambition to deliver renewable diesel and jet fuels for the local and global markets.”
Henrik Rasmussen, Managing Director, The Americas, Topsoe: “We are very happy to license our HydroFlex and H2 Bridge technologies for this exciting renewable fuels project in Panama and to support SGP BioEnergy in their ambition to deliver renewable diesel and jet fuels for the local and global markets.”
Dr. Jorge Rivera Staff, National Energy Secretary of Panama: “Panama’s Energy Transition Agenda is creating transformational opportunities which are positioning us as an innovative country who will deliver Clean Fuels to bypass the fossil fuel era. Today, Panama is expanding its role as a Regional Energy Hub while also supporting local agriculture.”