Petron Scientech Selects Verdagy to Deploy 320 MW of Green Hydrogen Electrolyzers
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PETRON SCIENTECH SELECTS VERDAGY TO DEPLOY 320 MW OF GREEN HYDROGEN ELECTROLYZERS IN ITS BIO-REFINERY TO PRODUCE SAF, e-METHANOL AND BIO-CHEMICALS

PETRON SCIENTECH SELECTS VERDAGY TO DEPLOY 320 MW OF GREEN HYDROGEN ELECTROLYZERS IN ITS BIO-REFINERY TO PRODUCE SAF, e-METHANOL AND BIO-CHEMICALS

Verdagy chosen because of its leading performance, LCOH and design that scales cost-effectively to gigawatt-scale projects 

Verdagy, a leading green hydrogen electrolysis company, announced it has entered into a strategic partnership with Petron Scientech, a company with over thirty-five years of experience in renewable sustainable chemical and biofuel process technologies. Petron will use 320 MW of Verdagy’s eDynamic® electrolyzers to produce over 45 kilo tons per annum (KTA) of green hydrogen for integration into its first biorefinery project for production of SAF, renewable diesel and e-Methanol, resulting in a CO2e reduction of 500 KTA or over 15 megatons by green hydrogen alone and combined with biorefinery resulting in reduction of 2 megatons/year or over 60 megatons of CO2e through the project lifetime.

“Petron is developing several sustainability focused, low carbon intensity score, biorefineries reducing millions of tons of carbon emissions compared to fossil feed stock-based fuels, chemicals and plastics. The company is engaged with leading airlines for offtake of SAF made using Petron’s ethanol and bio-ethylene technologies and with shipping companies for offtake of e-Methanol, produced using green hydrogen. We were seeking a green hydrogen and oxygen solution partner that integrates well with our biorefineries/renewable chemicals, has leading performance and the technology expertise to scale to multiple GWs in a capital efficient manner. Verdagy fits the bill perfectly, and we are pleased and look forward to collaborating with the company on several projects globally,” said Petron Scientech’s CEO Yogi Sarin. ​​

“We’re excited to collaborate with Petron to grow the SAF and biofuels markets. Verdagy’s mission is to provide green hydrogen at fossil parity costs, without subsidies, within five years, to drive mass adoption and to meaningfully lower carbon emissions.  Our electrolyzers pair seamlessly in real-time with renewable intermittent energy sources, and our industry-leading efficiency and operating range maximize asset utilization, leading to the lowest levelized cost of hydrogen (LCOH) in the world today,” said Verdagy’s CEO Marty Neese.

The two companies are collaborating on several biorefinery projects to produce SAF, e-methanol and bio-chemicals and polymers. Verdagy opened its 1 GW electrolyzer factory in Silicon Valley in 2024 where the electrolyzers will be manufactured.

About Verdagy 

Verdagy manufactures Dynamic AWE electrolyzers that provide the lowest LCOH and highest asset utilization by integrating seamlessly with renewable energy sources, enabling higher hydrogen production, and the smallest footprints through high current densities and market-leading efficiencies. In addition to its Silicon Valley factory, Verdagy operates its hydrogen production plant and R&D facilities in Moss Landing, California where it continues to advance its cutting-edge technologies. www.verdagy.com

About Petron Scientech 

Petron specializes in setting up Cellulosic biomass and non-edible grain processing biorefinery projects to produce ethanol, bio-ethylene, bio-chemicals (ethylene oxide / mono ethylene glycol, Methanol), polymers, and various biofuel with co-products projects worldwide. Petron, along with its affiliates and partners brings technology experience in production and full execution of biorefinery projects. Petron with very low carbon intensity ethylene production technology compared to fossil feed stock Ethylene, commands 90% of the global bio-ethylene technology market which is exceptionally low Capex and Opex option compared to fossil feed stock-based Ethylene and is a base material for SAF and global chemicals and polymer industry. www.petronscientech.com

“ We are focused on building an entire renewable hydrogen ecosystem in California to achieve our climate goals - including the crucial step of manufacturing electrolyzers. Verdagy’s decision to expand their footprint here reflects California’s unique strength in creating new markets, enabling the creation of clean energy jobs while solving our most existential challenges with the technology of the future.”

Dee Dee Myers

Senior Advisor to Governor Newsom and Director of the Governor’s Office of Business and Economic Development
“ We are more than doubling down in this round on Verdagy, we are witnessing how they have gone from a valuable technology to a defensible business.”

Anil Achyuta

Managing Director at TDK Ventures
“ Verdagy’s potential to demonstrate high-current density over a wide dynamic range across large-area cells led us to incubate and write the first check into the company in early 2020. Since then, the team has made significant progress in validating key performance and cost targets, getting them closer to building out a green hydrogen economy.”

Rajesh Swaminathan

Partner, Khosla Ventures
“ Verdagy is rising to the challenge to accelerate the green hydrogen economy and decarbonize hard-to-abate sectors such as steel and ammonia production. The management team has a successful track record in scaling climate technologies from megawatts to gigawatts and they are committed to achieving the same at Verdagy.”

Vikas Gupta

Partner at Shell Ventures
“ Yara is taking the lead on driving the use of electrolyzers in the ammonia and fertilizer industry. We see a strong need for cost competitive, clean hydrogen to be able to decarbonize and drive the movement towards a more environmentally friendly industry. Electrolysers is a technology requiring a lot of innovation and product development. We are really impressed by how Verdagy is taking on this challenge and want to take part in this adventure. The world needs them.”

Stian Nygaard

Investment Director in Yara Growth Ventures
“ We are focused on building an entire renewable hydrogen ecosystem in California to achieve our climate goals - including the crucial step of manufacturing electrolyzers. Verdagy’s decision to expand their footprint here reflects California’s unique strength in creating new markets, enabling the creation of clean energy jobs while solving our most existential challenges with the technology of the future.”

Dee Dee Myers

Senior Advisor to Governor Newsom and Director of the Governor’s Office of Business and Economic Development
“ We are more than doubling down in this round on Verdagy, we are witnessing how they have gone from a valuable technology to a defensible business.”

Anil Achyuta

Managing Director at TDK Ventures
“ Verdagy’s potential to demonstrate high-current density over a wide dynamic range across large-area cells led us to incubate and write the first check into the company in early 2020. Since then, the team has made significant progress in validating key performance and cost targets, getting them closer to building out a green hydrogen economy.”

Rajesh Swaminathan

Partner, Khosla Ventures
“ Verdagy is rising to the challenge to accelerate the green hydrogen economy and decarbonize hard-to-abate sectors such as steel and ammonia production. The management team has a successful track record in scaling climate technologies from megawatts to gigawatts and they are committed to achieving the same at Verdagy.”

Vikas Gupta

Partner at Shell Ventures
“ Yara is taking the lead on driving the use of electrolyzers in the ammonia and fertilizer industry. We see a strong need for cost competitive, clean hydrogen to be able to decarbonize and drive the movement towards a more environmentally friendly industry. Electrolysers is a technology requiring a lot of innovation and product development. We are really impressed by how Verdagy is taking on this challenge and want to take part in this adventure. The world needs them.”

Stian Nygaard

Investment Director in Yara Growth Ventures

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