Air France-KLM has invested $4.7m into SAF developer DG Fuels, according to a news release.
This investment – a first for Air France-KLM – will support the completion of the development work necessary to reach the final investment decision (FID) on DG Fuels’ first sustainable aviation fuel plant, which will be located in Louisiana. The investment confirms the Air France’s ambition to participate in the financing of project studies that enable the development of SAF production capabilities worldwide, with the aim of gradually establishing a diversified network able to meet worldwide demand.
In addition to this investment, Air France-KLM has acquired a new option to purchase up to 75,000 tons of SAF per year from DG Fuels (45,000 tons in Maine; 30,000 tons in Louisiana). 45,000 incremental offtake relates to future SAF that will be produced by DG Fuels’ second U.S. production facility (expected to be located in Maine), with deliveries planned to start as early as 2029.
