SGP BioEnergy has announced a US$250 million equity commitment from Global Emerging Markets (GEM), a European private alternative investment group, to support the development of the Golden City Biorefinery in Colon, Panama and lay the groundwork for SGP’s transformative zero-waste ecosystem.
The Golden City Biorefinery is poised to become one of the largest advanced biorefineries on the planet and will revolutionise development in the advanced biofuels sector. Situated at the Panama Canal, the biorefinery will produce up to 180 000 bpd and generate up to 405 000 tpy of green hydrogen – with immediate access to more than 1900 international ports.
