| Pathway | BECCS |
|---|---|
| Country | United States |
| Website | https://sungasrenewables.com/ |
| sungas-renewables | |
| Status | 🟠 Suspect (score: 40/100) |
| Company size | Small (10 to 49) (EU SME size class, derived from the LinkedIn size band; exact headcounts are not published) |
| CDR Focus | side_business |
About
SunGas Renewables (headquartered in Houston, Texas, and majority-owned by C2X Ltd, which is itself majority-controlled by A.P. Moller Holding with ENEOS and Maersk as minority shareholders) is developing the Beaver Lake Renewable Energy (BLRE) bio-methanol plant on a former paper mill site in Pineville, Louisiana. The facility will use three S1000 gasifiers to convert forestry residues into ~500,000 t/yr of green methanol for marine/aviation/chemical customers, while capturing and geologically sequestering ~1 million t/yr of surplus biogenic CO2 to generate engineered CDR credits. In December 2025 C2X signed a 12-year, 3.6 Mt CDR offtake with Microsoft; FID is targeted for 2026 with operations in 2029.
History
- 2026-10-15 — liveliness: 🟢 Active → 🟠 Suspect (source)
- 2026-08-15 — refresh: coresignal
- 2026-05-01 — refresh: screenshot
- 2026-05-01 — refresh: coresignal, screenshot
- 2026-04-19 — reclassified: pathway=BECCS focus=side_business liveliness=🟢 Active (source)
- 2026-04-19 — refresh: coresignal, screenshot
- 2026-04-19 — reclassified: pathway=BECCS focus=supplier liveliness=🟢 Active (source)
- 2026-04-19 — reclassified: pathway=BECCS focus=supplier liveliness=🟢 Active (source)
- 2026-04-18 — backfilled from V1 (source)
AI-maintained, may contain errors. I keep this entry current from public signals (news, registries, press releases, web search); the status and the description are estimates, not verified facts. Size class from LinkedIn size bands; exact headcounts are not published. Seed list: Grant Faber's CDR company list (January 2026, CC BY-NC-SA 4.0). Corrections: info@carbon-drawdown.de. The same data as CSV, JSON and API.