ENG (NASDAQ:ENG), a leading provider of innovative project delivery solutions for the energy industry, today announced it has received an award valued at over $9 million from Calgary-based Reconciliation Energy Transition Inc. (RETI) to perform the front-end engineering and design (“FEED”) work for a 6,500 barrel per day (bpd) sustainable aviation fuel (SAF) and renewable diesel (RD) project as part of RETI’s Calgary Region Green Energy Industrial Park.
The project, awarded to ENG on January 27, will commence immediately and is expected to be completed this year. This assignment follows ENG’s recent completion of several 6,500 bpd SAF/RD plant projects.
“We’re excited to announce this new renewable fuels project,” said ENG senior vice president Marc van den Boom. “Together with our partners, we are proud to provide a proven, modularized and standardized SAF/RD solution that allows us to bring speed and predictability of project success to Canada’s fast-moving energy transition.”
“Sustainable aviation fuel is one of the most promising answers to the Energy Transition challenge, with Alberta and Canada already emerging as leaders. We are excited to be part of accelerating this transformation with Partners such as ENGlobal,” said Stephen W. Mason, Chairman & CEO Reconciliation Energy Transition Inc.
Today’s announcement follows one made by RETI in November 2022 that, along with ENGlobal and others, it had formed a partnership devoted to developing SAF/RD projects that will serve Canada’s emerging SAF and RD production needs.