SGP BioEnergy has received a $250 million equity commitment from Global Emerging Markets (GEM), a European private alternative investment group, to support the development of the Golden City Biorefinery in Colon, Panama.
The Golden City Biorefinery is at the Panama Canal, and will produce up to 180,000 barrels daily (2.6 billion gallons per year) and generate up to 405,000 metric tons of green hydrogen annually, with immediate access to more than 1,900 international ports. Facility development is on schedule for Phase 1 production to begin in early 2027.
It is a part of SGP’s Zero-Waste Ecosystem platform, the Golden City Biorefinery project aims to achieve all 17 United Nations Sustainable Development Goals (SDGs).
“Securing this commitment of equity of this scale is one of many financing milestones necessary to accelerate our journey towards meeting the policy pledges of the United Nations by delivering on the implementation necessary to meet these mandate