Azure | Manitoba SAF facility

Overview

Status

Greenfield

Region

North America

Geography

Canada

State

Manitoba

Equity Owner

Azure Sustainable Fuels

Proponent

Azure Sustainable Fuels

Output

Sustainable aviation fuel

Type of electricty

Capacity

1 billion liters per year

Financing

Technology

Technical Advisors

Advisors

Mizuho: capital raise

Project Contact

Douglas Cole, CEO, Azure

Lawyers

Project Cost

CAD 1.9bn

Offtaker

Commercial Operations Date

Decommission Date

FID

Description

The Canada and Manitoba governments are providing $2.9m over two years to support Azure Sustainable Fuels Corp’s FEED study for a planned SAF processing facility near Portage la Prairie.

The facility’s construction is anticipated to cost approximately $1.9bn and to produce an estimated one billion liters per year of SAF, primarily using Canadian feedstock products such as canola and soybean oils.

In October 2024, ReSource reported that Azure hired Mizuho to raise capital for the project.

October 1, 2024

Canadian clean fuels firm working with advisor for SAF raise

Azure Sustainable Fuels, the Calgary-based SAF developer, has hired Mizuho to raise capital for two projects estimated to cost more than $1bn each, sources told ReSource. The projects in Manitoba and...

June 21, 2023

Developer planning $1.9bn SAF plant in Manitoba

The Canada and Manitoba governments are providing $2.9m over two years to support Azure Sustainable Fuels Corp.’s Front End Engineering Design (FEED) study for a planned sustainable aviation fuel (SAF)...