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Rayonier Advanced Materials Inc. (NYSE:RYAM) (the "Company"), the global leader in High Purity Cellulose, and Verso Energy today announced the signing of a new Memorandum of Understanding (MoU) to deepen their strategic collaboration. The agreement represents a major step forward in evaluating the development of a breakthrough facility in Jesup, Georgia, to produce electro Sustainable Aviation Fuel (e-SAF) and valorize biogenic carbon dioxide from RYAM's manufacturing operations.
The MoU includes the formation of a joint steering committee, outlines an exclusivity period for project evaluation, and anticipates the negotiation of definitive agreements including a CO₂ supply contract. A feasibility study is already underway to assess the technical, economic, and environmental dimensions of the proposed projects, with a final investment decision expected in the next 18 to 24 months.
Posted In: RYAM
