In South Carolina, Nexus PMG announced an investment in Saola Energy, a leading provider of advanced technology and engineering solutions for manufacturers in the renewable fuels industry. This marks a milestone expansion for Nexus PMG as it continues to invest in low-carbon infrastructure projects, including ethanol – a key growth area for the business given its domestic availability, readily available feedstock and lower greenhouse gas emissions.
The 45Z Clean Fuel Production Credit, a key provision in the Inflation Reduction Act, is incentivizing producers to upgrade their processes to reduce the carbon intensity of their fuels. To help achieve this goal, Saola is coupling its extensive expertise in customizing the engineering and design of renewable fuels projects with Nexus PMG’s decade of experience developing low-carbon infrastructure for customers. Through this partnership, Saola will gain additional depth of engineering staff to support larger projects.
Tags: Nexus PMG, Saola Energy, South Carolina
Category: Fuels