Gunvor partners with ClearShift on zero carbon diesel and chemicals
The Letter of Intent covers a 10-year supply of all natural gas and renewable natural gas, the offtake of low carbon diesel, and the offtake of high-grade carbon-neutral chemicals from ClearShift's facility to be located near the chemical corridor in Louisiana.
- The Letter of Intent covers a 10-year supply of all natural gas and renewable natural gas, the offtake of low carbon diesel, and the offtake of high-grade carbon-neutral chemicals from ClearShift's facility to be located near the chemical corridor in Louisiana.
- The structure of Gunvor's supply and offtake allows for a fully de-risked margin to ClearShift, while providing optionality for both parties to capture additional margin.
- The facility will consume approximately 55,000 MMBtu of natural gas and renewable natural gas per day and will produce approximately 75 million gallons per year of low-carbon renewable diesel and zero carbon, high-grade specialty chemicals.
- "ClearShift is pioneering the energy transition, creating pure, low carbon fuels and carbon neutral specialty chemicals from readily available cheap hydrocarbon supplies," said Shane Foster, Energy Transition Lead – Americas at Gunvor.