Wisconsin state lawmakers on Sept. 22 announced the introduction of the Forestry Revitalization Act, a bill that aims to provide $210 in incentives to attract the development of a proposed $1.5 billion woody biomass-to-sustainable aviation fuel (SAF) project.
The legislation was introduced by Wisconsin Sen. Mary Felzkowski (R-Tomahawk) and Wisconsin Rep. Chanz Green (R- Grand View) with the support of industry leaders, local officials, and investors.
The proposed project is under development by a Germany-based company. According to Felzkowski, communities in Michigan and Minnesota are also vying for the project. If Wisconsin successfully attracts the project, the proposed SAF facility is expected to be developed in Hayward, Wisconsin.
>> In Other News: Global Energy Partner Backs Max Power Mining With $5 Million to Target Natural Hydrogen Discovery in Saskatchewan
The Forestry Revitalization Act would create a $210 million incentive for the project, including $60 million in Wisconsin Economic Development Corporation (WEDC) Enterprise Zone Tax Credits and $150 million in state bonding through the forestry account.
Green estimates the project will result in 350 high paying jobs, while also creating an economic boost for landowners, loggers, truckers and related sectors.
The facility is currently expected to begin operations in 2029. Once fully operational, the biorefinery would convert CORSIA-qualified woody biomass, including bark, branches, cutter shavings, treetops, into SAF and naphtha, primarily for export into the European market.
The facility is expected to take in approximately 880,000 tons of feedstock annually. The bill would require 80% of the wood used as feedstock in the biorefinery to be sourced from within Wisconsin. The legislation also includes a guarantee that the facility must be used for the production of SAF at least until the maturity of the bond.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🛫 New US Powerhouse: XCF Global, DevvStream & Southern Merge for SAF Scale ⛏️ Carbon Capture, ‘Rare Earth’ From Coal Among Projects Poised to Get $11.7M in State Grants 🗺️ Ca...
Inside This Issue 🧪 Why Bill Gates Bet $40M on This Carbon Capture Lab ⛏️ Max Power Prepares to Drill Second Natural Hydrogen Well as Program Expands 325 km SW of Lawson Discovery 💰 Trafigura-Back...
Inside This Issue 🚪 Honda Exits Fuel Cell Partnership as Hydrogen Pivots ♻️ A Breakthrough That Turns Exhaust CO2 Into Useful Materials ✈️ FedEx Takes Delivery of SAF at Dallas Fort Worth and New ...
Terradot Acquires Eion to Form Leading Global Enhanced Rock Weathering Carbon Removal Platform
Terradot, an enhanced rock weathering (ERW) carbon removal company, today announced it has agreed to acquire assets of Eion, a U.S.-based ERW company known for pioneering olivine-based deployments ...
Clean Fuels Welcomes Proposed 45Z Rules
WASHINGTON, DC – Today, Clean Fuels Alliance America welcomed Treasury’s proposed rules for the 45Z Clean Fuel Production Credit, issued through the IRS. While the credit has been available since J...
pHathom Technologies Surpasses $12M Committed Capital with Closure of Seed Financing Round
HALIFAX, Nova Scotia -- pHathom Technologies, a climate technology company developing carbon capture solutions for existing coastal bioenergy and industrial facilities, today announced the closing ...
Growing Demand for Hydrogen Creates Opportunities for Appalachian Manufacturers
With abundant natural gas and a ready manufacturing base, Appalachia is positioned to be a leader in blue hydrogen production The hydrogen economy has transitioned to an emerging market. Appalachi...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.