{"id":1006992,"date":"2026-09-30T08:03:10","date_gmt":"2026-09-30T12:03:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ryam-announces-major-milestone-for-altamaha-green-energy-project-at-jesup\/"},"modified":"2026-09-30T08:03:10","modified_gmt":"2026-09-30T12:03:10","slug":"ryam-announces-major-milestone-for-altamaha-green-energy-project-at-jesup","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ryam-announces-major-milestone-for-altamaha-green-energy-project-at-jesup\/","title":{"rendered":"RYAM Announces Major Milestone for Altamaha Green Energy Project at Jesup"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>RYAM Announces Major Milestone for Altamaha Green Energy Project at Jesup<\/b><\/p>\n<p class=\"bwalignc\"><b><i>Capital-light structure preserves RYAM\u2019s ownership and strengthens critical Jesup infrastructure<\/i><\/b><\/p>\n<p>JACKSONVILLE, Fla.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRayonier Advanced Materials Inc. (NYSE: RYAM) (\u201cRYAM\u201d or the \u201cCompany\u201d), a global leader in High Purity Cellulose, today announced that construction is underway on Altamaha Green Energy (\u201cAGE\u201d), a 70 MW biomass cogeneration project adjacent to the Company\u2019s Jesup, Georgia, manufacturing facility.<\/p>\n<p>\nThe project is being developed in partnership with Albioma and the Beasley Group and will generate renewable electricity under a long-term power purchase agreement with Georgia Power while providing process steam to RYAM\u2019s Jesup facility. Commercial operations are expected to begin in 2029.<\/p>\n<p>\nThrough its land and prior investments in the project, RYAM expects to retain an initial 14% equity interest in AGE. Under pre-established terms, RYAM also has the option to purchase an additional equity interest that would increase its total ownership to as much as 16%. Based on current projections, the Company expects to receive approximately $8 million to $10 million in annual distributions from AGE once the facility is operational. This capital-light structure allows the Company to participate in the project\u2019s potential long-term value while preserving capital for its core business.<\/p>\n<p>\nAGE is also expected to provide significant strategic benefits to RYAM\u2019s Jesup operations by modernizing and strengthening critical utility infrastructure while avoiding approximately $30 million in future capital expenditures that otherwise would have been required to maintain and replace legacy utility assets. The project&#8217;s use of sustainably sourced regional forestry residues to generate renewable electricity and process steam is also expected to advance RYAM\u2019s sustainability objectives and further support the Company\u2019s role in promoting a more sustainable world. Together, these benefits are expected to enhance the reliability, environmental performance and long-term competitiveness of Jesup, a core manufacturing site within RYAM\u2019s High Purity Cellulose platform.<\/p>\n<p>\n\u201cThis is an important milestone for Altamaha Green Energy and a compelling example of how we can unlock additional value from RYAM\u2019s existing asset base,\u201d said Dan Krawczyk, President and Chief Executive Officer of RYAM. \u201cThe capital-light structure enables RYAM to retain meaningful ownership and long-term upside in the project while preserving capital for our core business and avoiding substantial future capital investment at Jesup. Beyond the financial benefits, AGE will strengthen critical infrastructure supporting one of our most important manufacturing sites, enhance its long-term reliability and competitiveness, and further support our role in promoting a more sustainable world.\u201d<\/p>\n<p>\nThe facility will be fueled by sustainably sourced residues from the regional forestry industry, with feedstock procurement supported by the Beasley Group. Albioma brings more than 30 years of biomass energy expertise to the project.<\/p>\n<p><b>About RYAM<\/b><\/p>\n<p>\nRYAM is a global leader of high purity cellulose commonly used in the production of filters, food, pharmaceuticals, high performance plastics, propellants and various other industrial applications. RYAM\u2019s specialized assets, capable of creating the world\u2019s leading cellulose specialties products, are also used to produce cellulose viscose pulp, cellulose fluff pulp, paperboard, high yield pulp and various value-added co-products, including biofuels, bioelectricity and lignin. With manufacturing operations in the U.S., Canada and France, RYAM generated $1.5 billion of revenue in 2025. More information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.RYAM.com&amp;esheet=54612820&amp;newsitemid=20260930299716&amp;lan=en-US&amp;anchor=www.RYAM.com&amp;index=1&amp;md5=1c3e86ab67b3491690a8ce0942eb469e\"><b>www.RYAM.com<\/b><\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nCertain statements in this document regarding anticipated financial, business, legal or other outcomes, including business and market conditions, outlook and other similar statements relating to future events, developments or financial or operational performance or results, are \u201cforward-looking statements\u201d 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 \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cestimate,\u201d \u201ctarget,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cguidance\u201d and other similar language. However, the absence of these or similar words or expressions does not mean a statement is not forward-looking. 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, and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to various risks and uncertainties.<\/p>\n<p>\nOther 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 the Company\u2019s filings with the U.S. Securities and Exchange Commission, including the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company assumes no obligation to update these statements except as is required by law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260930299716r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260930299716\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260930299716\/en\/<\/a><\/span><\/p>\n<p>\nMedia<br \/>\n<br \/>Ryan Houck<br \/>\n<br \/>904-357-9134<\/p>\n<p>\nInvestors<br \/>\n<br \/>Cody LaCoste<br \/>\n<br \/>904-357-4617<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Florida<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Manufacturing Environment Commercial Building &amp; Real Estate Construction &amp; Property Other Energy Utilities Sustainability Manufacturing Energy Other Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260930299716\/en\/2916406\/3\/RYAM_Logo-NoTag_Registered_4C.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>RYAM Announces Major Milestone for Altamaha Green Energy Project at Jesup Capital-light structure preserves RYAM\u2019s ownership and strengthens critical Jesup infrastructure JACKSONVILLE, Fla.&#8211;(BUSINESS WIRE)&#8211; Rayonier Advanced Materials Inc. (NYSE: RYAM) (\u201cRYAM\u201d or the \u201cCompany\u201d), a global leader in High Purity Cellulose, today announced that construction is underway on Altamaha Green Energy (\u201cAGE\u201d), a 70 MW biomass cogeneration project adjacent to the Company\u2019s Jesup, Georgia, manufacturing facility. The project is being developed in partnership with Albioma and the Beasley Group and will generate renewable electricity under a long-term power purchase agreement with Georgia Power while providing process steam to RYAM\u2019s Jesup facility. Commercial operations are expected to begin in 2029. Through its land and prior investments in the project, RYAM expects &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ryam-announces-major-milestone-for-altamaha-green-energy-project-at-jesup\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RYAM Announces Major Milestone for Altamaha Green Energy Project at Jesup&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1006992","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RYAM Announces Major Milestone for Altamaha Green Energy Project at Jesup - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ryam-announces-major-milestone-for-altamaha-green-energy-project-at-jesup\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RYAM Announces Major Milestone for Altamaha Green Energy Project at Jesup - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RYAM Announces Major Milestone for Altamaha Green Energy Project at Jesup Capital-light structure preserves RYAM\u2019s ownership and strengthens critical Jesup infrastructure JACKSONVILLE, Fla.&#8211;(BUSINESS WIRE)&#8211; Rayonier Advanced Materials Inc. (NYSE: RYAM) (\u201cRYAM\u201d or the \u201cCompany\u201d), a global leader in High Purity Cellulose, today announced that construction is underway on Altamaha Green Energy (\u201cAGE\u201d), a 70 MW biomass cogeneration project adjacent to the Company\u2019s Jesup, Georgia, manufacturing facility. The project is being developed in partnership with Albioma and the Beasley Group and will generate renewable electricity under a long-term power purchase agreement with Georgia Power while providing process steam to RYAM\u2019s Jesup facility. Commercial operations are expected to begin in 2029. 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(NYSE: RYAM) (\u201cRYAM\u201d or the \u201cCompany\u201d), a global leader in High Purity Cellulose, today announced that construction is underway on Altamaha Green Energy (\u201cAGE\u201d), a 70 MW biomass cogeneration project adjacent to the Company\u2019s Jesup, Georgia, manufacturing facility. The project is being developed in partnership with Albioma and the Beasley Group and will generate renewable electricity under a long-term power purchase agreement with Georgia Power while providing process steam to RYAM\u2019s Jesup facility. Commercial operations are expected to begin in 2029. Through its land and prior investments in the project, RYAM expects &hellip; Continue reading \"RYAM Announces Major Milestone for Altamaha Green Energy Project at Jesup\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ryam-announces-major-milestone-for-altamaha-green-energy-project-at-jesup\/","og_site_name":"Market Newsdesk","article_published_time":"2026-09-30T12:03:10+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260930299716r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ryam-announces-major-milestone-for-altamaha-green-energy-project-at-jesup\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ryam-announces-major-milestone-for-altamaha-green-energy-project-at-jesup\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"RYAM Announces Major Milestone for Altamaha Green Energy Project at Jesup","datePublished":"2026-09-30T12:03:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ryam-announces-major-milestone-for-altamaha-green-energy-project-at-jesup\/"},"wordCount":848,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ryam-announces-major-milestone-for-altamaha-green-energy-project-at-jesup\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260930299716r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ryam-announces-major-milestone-for-altamaha-green-energy-project-at-jesup\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ryam-announces-major-milestone-for-altamaha-green-energy-project-at-jesup\/","name":"RYAM Announces Major Milestone for Altamaha Green Energy Project at Jesup - 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