Synthec Fuels AG | $1.5 Billion U.S. Green Fuel Expansion

The incentive package was signed into law specifically to target the planned facility, a partnership between the German Synthec Fuels and the local Johnson Timber, would convert some 900,000 green tons of woody biomass into 50 million gallons of jet fuel annually.  The development group still needs to complete a feasibility study and permitting before breaking ground and the tax benefits will not flow to the facility until significant capital has been invested.

The fuel is largely expected to go to European markets, where the United Kingdom and European Union regulations increasingly require the use of sustainable fuel by airlines. Once fully operational, the plant will employ 185 full-time.

The construction of the plant is expected to take between three-and-a-half to four years, and will with  “any luck,” will be operational by 2030.