Link to release here
March 30, 2021
Quote from NABFs:
“
Northwest Advanced Bio-Fuels, LLC has secured a Memorandum of Understanding (MOU) for the initial construction equity for a Sustainable Aviation Fuel Project in Washington State.
The MOU was signed with Stonepeak Infrastructure Partners, a leading independent investment firm with a long history of supporting critical North American infrastructure investment. This potential $600 million investment would be used to partially fund the construction of the Project and repay prior development, design and engineering stage costs. Read the full press release here.
The Project has an attractive, long-term 60+ million gallon-per-year off-take agreement, one of the largest airline off-take agreements of its kind to purchase SAF. As originally announced with Delta Air Lines in January 2020, and as affirmed in March 2021, NWABF is a key partner to help Delta achieve zero-impact aviation.
This is a major milestone not only for our project, but also for the SAF industry and airlines to move further with commitments to achieving carbon neutrality and combating climate change in the aviation sector. “