SGP BioEnergy Secures $250M Financing for Panama Biorefinery to Produce Biofuels and Green Hydrogen, Creating Millions of Jobs
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SGP BioEnergy secures $250 million commitment from GEM for its Golden City Biorefinery in Panama, signaling major financing for sustainable energy.
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The biorefinery will produce up to 180,000 barrels of biofuel daily and 405,000 metric tons of green hydrogen annually.
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The project aligns with UN Sustainable Development Goals and will create over 3 million living-wage jobs.
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SGP signed an agreement with Latino Farmers and Ranchers International to develop 10 million acres of industrial hemp.
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The biorefinery's first phase of production is scheduled to begin in early 2027.