USA BioEnergy joins BDO Zone Strategic Alliance as project partner
March 22, 2023
By BDO Zone Strategic Alliance
Ecostrat is pleased to announce that USA BioEnergy has joined the BDO Zone Strategic Alliance as a partner in the Project Group. BDO Zone Strategic Alliance Partners include some of the leading companies in the bioenergy industry that help de-risk biobased project development in BDO Zones.
USA BioEnergy specializes in renewable fuels development and is building a series of advanced biorefineries that use sustainably sourced lower-valued wood residuals to create sustainable aviation fuel and renewable naphtha. Their process utilizes gasification, Fischer-Tropsch, upgrading, carbon capture, and sequestration. USA BioEnergy plans to deliver over 100 million gallons of SAF to LAX annually, thus reducing GHG emissions by 2.5 million metric tons of CO2 per year or 50 million metric tons over a 20-year period.
Nick Andrews, CEO of USA BioEnergy, states, “USA BioEnergy is grateful to join the BDO Zone Strategic Alliance as a Project Partner. The importance of developing advanced biorefineries that produce net negative fuels, with ultra-low carbon intensity, cannot be understated. Our mission is to help the airlines meet their stated goals of carbon neutrality.”
Jordan Solomon, president of Ecostrat, states, “The BDO Zone Initiative is pleased to continue its collaboration with USA BioEnergy, who can support BDO Zone communities with their expertise in developing innovative projects that can deliver low-carbon, reliable and high-quality bioenergy.”
The recent issuance of the first AA-rated BDO Zone for Bon Wier, Texas, on October 2022, further solidifies USA BioEnergy’s commitment to advancing biorefinery technology and reducing carbon emissions. The facility will convert one million green tons of wood waste into 34 million gallons of premium clean burning transportation fuel annually. Nick Andrews states, “We seek project excellence and then we run that through a filter of everything that could go wrong.” The company’s commitment to excellence is evident in its development of the Bon Wier advanced biorefinery through its subsidiary Texas Renewable Fuels (TRF), which has won the 2023 CiCi Award for community impact and is recognized as one of Texas’s top projects by Site Selection Magazine.
USA BioEnergy is proud to work with Citigroup for equity and permanent debt financing. “USA BioEnergy has engaged Citigroup Global Markets Inc. to act as lead underwriter for a tax-exempt private activity bond offering that will comprise the majority of the senior debt financing for the Texas Renewable Fuels project. Citi and USA BioEnergy have worked closely together for more than two years to develop an efficient, achievable plan and we look forward to delivering on this vision,” said David Livingstone, Managing Director, Citigroup.
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