SG Preston (SGP) is planning to develop a 120 million gallon renewable diesel facility in Lawrence County, Ohio, US.
With a total investment of $400m, the SGP South Point facility will create 100 permanent jobs and is considered to be the world's largest purpose-built producer of renewable diesel upon completion in 2017.
The facility will feature SG Preston's advanced process technology, which enables efficient conversion of waste feedstock into renewable diesel, which is chemically identical to petroleum-based diesel and can be used as a drop-in replacement in vehicles with no modifications.
Additionally, the technology enables SG Preston to customise biofuel offering by adjusting fuel characteristics to meet various operating environments.
SG Preston CEO Delbert LeTang said: "For SG Preston, this is an important milestone and part of a larger vision of partnering with leading, global refining technology partners and local communities to develop a portfolio of renewable diesel and renewable jet fuel refineries targeting 1.2 billion gallons per year, or 20% of the federal RFS2 biomass-based mandate for biofuels."
SGP's partners for the project include the Lawrence County Economic Development Council, which is investing 62 acres in land and other incentives.
Lawrence County Economic Development Council executive director Bill Dingus said: "This project will be of significant economic importance to southern Ohio, bringing long-term employment and income to the region.
"We look forward to supporting the development of new energy technologies, and passing on the benefits of commerce and cleaner air to local residents."
The facility's pre-engineering studies are scheduled to commence in September 2014.