RYAM Announces the Official Groundbreaking at their 2G Bioethanol Plant in Tartas, France
15 Juni 2023 - 2:30PM
Business Wire
Rayonier Advanced Materials Inc. (NYSE: RYAM, the “Company”), a
global leader in the production of high-purity cellulose specialty
products, hosted a groundbreaking ceremony at its new
second-generation Bioethanol plant located in Tartas, Les Landes
France, on Thursday, June 15, 2023. The plant’s construction
commenced in January 2023. This event was attended by prominent
individuals and RYAM’s executive leadership team members, including
President and CEO, De Lyle Bloomquist.
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 carbon footprint
than fossil fuel-based gasoline. By fulfilling the clean and
renewable energy requirements of petrochemical companies in the
European market, RYAM's bioethanol is expected to contribute
significantly to reducing carbon emissions.
“With the successful development of second-generation bioethanol
products, RYAM is taking an important step toward achieving our
BioFuture and promoting a more sustainable world,” said De Lyle
Bloomquist, President and CEO of RYAM. “The strong demand for this
innovative, renewable biofuel provides another example of how we
can leverage our existing plants and knowledge of cellulose
chemistry to provide innovative, biobased solutions.”
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 Christian Ribeyrolle, Head of Biomaterials at RYAM. “In
collaboration with our customer, our 2G bioethanol provides a green
biofuel alternative for Europe’s gasoline market and helps combat
climate change by eliminating approximately 25,000 tons of CO2
emissions annually.”
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
U.S., Canada, and France, RYAM employs approximately 2,500 people
and generated an estimated $1.7 billion in revenues in 2022. More
information is available at www.RYAM.com.
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 U.S. Securities and
Exchange Commission, including our Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q. Rayonier Advanced Materials assumes
no obligation to update these statements except as is required by
law.
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