United, Tallgrass and Green Plains team up for Sustainable Available Fuel

Good Morning. This is the Sunya Scoop. The newsletter that takes energy transition news and turns it into an easy-to-read email for you.

Here's what we have for you today:

• United, Tallgrass and Green Plains team up in SAF JV

• DOE invests $131mm in carbon management

• TPL leases pore space to Ozona CCS for CO2 sequestration in Permian

• Quote of the week (BP's energy outlook)

United, Tallgrass, and Green Plains team up in SAF JV

• United Airlines, Tallgrass, and Green Plains have formed a joint venture called Blue Blade Energy to develop sustainable aviation fuel (SAF) technology using ethanol.

• Blue Blade Energy will invest up to $50 million in the development of the technology.

• United has entered into an offtake agreement with Blue Blade Energy for up to 135 million gallons of ethanol-based SAF annually and up to 2.7 billion gallons in total.

• The new SAF technology was developed by the U.S. Department of Energy's Pacific Northwest National Laboratory and offers up to 85% lower lifecycle greenhouse gas emissions than traditional jet fuel.

• Tallgrass will manage research and development of the technology and the construction of the production facility.

• Green Plains will supply the low-carbon ethanol feedstock and manage operations once the pilot facility is constructed.

• United Airlines will assist with SAF development, fuel certification, and in-wing logistics.

• The technology is capable of using any alcohol-based feedstock as its fuel source.

• The joint venture marks one of the largest direct investments from United Airlines Ventures into SAF in line with United's goal to reach net zero emissions by 2050.

DOE invests $131mm in carbon management

• DOE invests $131 million for 33 projects to reduce CO2 in the US

• Projects to advance the deployment of carbon management technologies and reduce CO2 from power plants and industry, or directly from the atmosphere

• Will increase CO2 storage sites, provide economic opportunities, and help achieve net-zero GHG emissions by 2050

• Carbon management and removal will reduce air pollution, droughts, floods, and protect health, water, and agriculture

• DOE investing $38 million in 22 projects to develop CO2 capture tech and $93 million in 11 projects to assess CO2 storage sites

• Carbon Negative Shot initiative aims to capture CO2 and store it at less than $100/ton

• National Energy Technology Laboratory (NETL) will manage the projects

TPL leases pore space to Ozona CCS to drill CO2 sequestration wells in the Permian

• San-Antonio-based Ozona CCS and Texas Pacific Land Corp (TPL) inked a deal to drill one of the first CO2 sequestration wells in the Permian Basin

• 5,173 contiguous acres leased for the purpose of drilling commercial CO2 well(s)

• 40 million metric tons estimated CO2 storage

• Aim is to capture, transport and sequester CO2 in the Permian Basin and Texas Gulf Coast

• Natural gas processing plants and oil/gas operators are initial customers

• Permitting process to begin immediately with Federal and State agencies with a target in-service date: Q3 2024, capacity expandable as needed

Quote of the week

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