World Energy | Paramount, California SAF Facility
USA
Greenfield
Overview
Status
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Greenfield
Region
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North America
Geography
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USA
State
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California
Equity Owner
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World Energy, LLC
Proponent
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Alt Air World Energy LLC
Output
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Sustainable aviation fuel
Type of electricty
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Capacity
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250 million gallons annually
Financing
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Technology
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Technical Advisors
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Advisors
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Project Contact
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Lawyers
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Project Cost
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$2bn
Offtaker
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MoU with Etihad Airways
Commercial Operations Date
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2024
Decommission Date
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FID
-
Description
The project involves World Energy teaming up with Air Products, Honeywell, and 15 other firms to build an SAF production and distribution hub in Paramount, California.
The former oil refinery site will never again refine fossil fuels. By 2050 the facility will produce fuels that will displace over 76 million metric tons of carbon dioxide, the equivalent of 3.8 million carbon-net-zero flights from Los Angeles to New York. It will also significantly reduce the fine particulate emissions in the trucks, trains, and planes powered by World Energy’s fuels. Air Products and World Energy will collaborate on innovations to transition to green hydrogen inputs, further reducing the carbon intensity of the fuels it produces.
The company said in a news release that it plans to produce 250 million gallons of SAF annually by 2024 at the Paramount site.
In November, 2023, a Los Angeles judge appeared to side with petitioners in a lawsuit against the city of Paramount and the AltAir Paramount facility who claimed that the city’s environmental review of the project was insufficient.