RYAM's Tartas Plant Successfully Ships Inaugural Truckload of 2G Bioethanol

Rhea-AI Summary

Rayonier Advanced Materials Inc. (RYAM) successfully ships its first production of 2G bioethanol from the Tartas plant after two years of research and development. The company's President and CEO, De Lyle Bloomquist, expresses pride in this milestone and foresees a promising future for RYAM's biomaterials division. The Senior Vice President of Biomaterials, Christian Ribeyrolle, highlights the plant's role in reducing greenhouse gas emissions and combating climate change.

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Rayonier Advanced Materials Inc. (NYSE:RYAM) is pleased to announce the successful shipment of our first production of 2G bioethanol from our Tartas plant, following two years of rigorous research, development, construction, and planning.

“We take great pride in achieving this significant milestone of completing the inaugural shipment of 2G bioethanol. This marks the first step in what I envision as a promising journey for this product and its implications for RYAM's biomaterials endeavors,” said De Lyle Bloomquist RYAM’s President and Chief Executive Officer. “By harnessing the distinct capabilities of RYAM's Tartas plant alongside the expertise of our committed employees, I anticipate a steady increase in production and a surge in interest for our sustainable 2G bioethanol.”

“After two years of dedicated effort from all our teams involved in this project, we are thrilled to announce the successful first delivery of 2G bioethanol to our commercial partner," declared Christian Ribeyrolle, Senior Vice President of Biomaterials at RYAM. "As the inaugural Ligno Cellulosic 2G bioethanol plant in France, we are proud to actively engage in reducing greenhouse gas emissions from road transportation, thereby making a positive impact on combating climate change.”

About RYAM

RYAM is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly used in the production of filters, food, pharmaceuticals, and other industrial applications. The Company also manufactures products for paper and packaging markets. With manufacturing operations in the U.S., Canada, and France, RYAM generated an estimated $1.6 billion of revenue in 2023. More information is available at www.RYAM.com.

Forward-Looking Statements

Certain statements in this document regarding anticipated financial, business, legal, or other outcomes, including business and market conditions, outlook, and other similar statements relating to Rayonier Advanced Materials’ or future or expected events, developments, or financial or operational performance or results, are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as "may," "will," "should," "expect," "estimate," "believe," "intend," "anticipate," and other similar language. However, the absence of these or similar words or expressions does not mean that a statement is not forward-looking. While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events, and undue reliance should not be placed on these statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that these expectations will be attained. It is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties.

Other important factors that could cause actual results or events to differ materially from those expressed in forward-looking statements that may have been made in this document are described or will be described in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Rayonier Advanced Materials assumes no obligation to update these statements except as is required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240416707446/en/

Media

Ryan Houck +1 904-357-9134

Investors

Mickey Walsh +1 904-357-9162

Source: Rayonier Advanced Materials Inc.

FAQ

What is the significance of the recent shipment from RYAM's Tartas plant?

The recent shipment marks the successful production and delivery of 2G bioethanol, a significant milestone for RYAM after two years of research and development.

Who is the President and CEO of RYAM?

De Lyle Bloomquist is the President and Chief Executive Officer of RYAM, expressing pride in the successful shipment of 2G bioethanol from the Tartas plant.

What is the role of RYAM's Tartas plant in reducing greenhouse gas emissions?

RYAM's Tartas plant is actively engaged in reducing greenhouse gas emissions from road transportation through the production of sustainable 2G bioethanol.

What is the significance of RYAM's Tartas plant being the inaugural Ligno Cellulosic 2G bioethanol plant in France?

RYAM's Tartas plant being the first Ligno Cellulosic 2G bioethanol plant in France highlights the company's pioneering efforts in sustainable bioethanol production.