Rayonier Advanced Materials Inc. (RYAM) announced the introduction of a second generation (2G) bioethanol product for Europe’s fast-growing biofuels market. Produced using wood-based feedstock (not in competition with food), RYAM will be among the first in France to produce 2G bioethanol fuel from wood. With a 90% smaller carbon footprint compared to fossil fuel-based gasoline, RYAM’s bioethanol product will help petrochemical companies meet their need for clean and renewable energy in the European market and contribute to reduced climate change.
Rayonier Advanced Materials’ biorefinery model captures residual sugars from its existing pulp process and converts the sugars into 2G bioethanol. This circular process, which utilizes a greater portion of the tree to create higher-value products, represents a more sustainable operating model.
Designed to produce up to 21 million liters of bioethanol, construction on RYAM’s 2G production facility is scheduled to begin in the spring of 2022 with commercial sales targeted for the summer of 2023. RYAM has entered into a long-term off-take (sales) agreement with a large international petrochemicals company to purchase the 2G bioethanol and expects to finance a significant portion of its investment with low-cost green loans.
Rayonier Advanced Materials Inc. is a global leader in the production of high purity cellulose pulp.The Company also manufactures products for paperboard and high-yield pulp markets.
