This is the first cooperation agreement signed as part of the ambitious Latvian trade mission to the USA, organized by the Ministry of Economics and the Latvian Investment and Development Agency (LIAA).
The first stop was Houston, where many energy companies are based. One of them, KBR, signed a memorandum with GI Termināls, a company of the Liepaja Special Economic Zone. Under the agreement, KBR will offer a patented engineering solution and equipment for the construction of a renewable aviation fuel plant and CO2 export terminal at the Port of Liepāja.
"This is, of course, the result of a longer period of work, which we have been carrying out over the past months also in Latvia.
"LIAA discussed in the strategic investment council the changes in the regulations that are important specifically for the production of SAF or sustainable aviation fuel in Latvia, CO2 capture, hydrogen capture, and the development of wind farms in Latvia. This is a complex issue. But putting this package together, we also see the result," said Raivis Bremšmits, Director of LIAA.
Economics Minister Viktors Valainis (Greens and Farmers Union) said that the entry of KBR is a huge step for Latvia's energy sector. "These are the technologies we need to develop a sustainable aviation fuel business right here in Latvia. Without these technologies, it is simply not possible. Today's Memorandum also provides for a wider use of the technology than has been the case so far," the Minister said.
KBR has a total of 20 patented technologies for the recycling of fossil resources such as CO2, and this will be their first project in the Baltic region. The project in Liepāja is planned to be completed by 2030.
