Houston American Energy (HUSA) and its wholly owned subsidiary, Abundia Global Impact Group, announced the execution of a binding Term Sheet with BTG Bioliquids B.V., pursuant to which HUSA intends to develop biomass-to-liquid fuels and Sustainable Aviation Fuel, SAF, projects that will integrate BTG Bioliquids’ proprietary fast pyrolysis technology for the production of Fast Pyrolysis Bio-Oil from woody biomass waste streams. HUSA plans to further upgrade the FPBO into high-value biofuels and SAF. The next phase of development, to optimize the upgrading process at scale, is intended to be advanced at HUSA’s Cedar Port site in Baytown, Texas, which will serve as the foundation for commercial demonstration and future deployment.
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