Jun. 23 at 11:17 AM
$RYAM Rayonier Advanced Materials, Verso Energy sign MOU to deepen partnership
Rayonier Advanced Materials and Verso Energy announced the signing of a new memorandum of understanding to deepen their strategic collaboration. The agreement represents a major step forward in evaluating the development of a breakthrough facility in Jesup, Georgia, to produce electro Sustainable Aviation Fuel and valorize biogenic carbon dioxide from RYAM's manufacturing operations.
This MoU builds on a foundational agreement signed in December 2024, broadening the scope of cooperation between the two companies and solidifying their commitment to industrial innovation and decarbonization.
The MoU includes the formation of a joint steering committee, outlines an exclusivity period for project evaluation, and anticipates the negotiation of definitive agreements including a CO2 supply contract. A feasibility study is already underway to assess the technical, economic, and environmental dimensions of the proposed projects, with a final investment decision expected in the next 18 to 24 months.
