August 2, 2023 [Hydrogen Central]- HydrogenPro’s collaborative partner, DG Fuels, announced that their sustainable aviation fuel project (SAF) has been fully financed throughout FEL3, with two Japanese companies and an undisclosed investor securing the funding.
HydrogenPro has been contracted as the supplier of electrolyzers for the project in a potential 500 million USD deal, excluding life cycle services.
The minimum investment-goal to cover the remaining FEED study expenses has now been secured, and the next step following the completion of the FEED study is a final investment decision, expected to be made early in 2024. The Louisiana facility is expected to serve as a blueprint for several other plants to be constructed across North America. The project has already secured one hundred percent capacity.
Compared to conventional fuel, the use of SAF can reduce emissions by an average of 80% and is considered more energy-efficient, providing airlines with operational advantages in addition to environmental benefits.
Tarjei Johansen, CEO of HydrogenPro, said:
SAF will play a crucial role in decarbonizing the aviation industry, especially as it can be blended with conventional fuel today without airlines needing to make significant investments in engines or fuel tanks.
“We look forward to delivering the green hydrogen technology that will drive the transformation in the aviation sector and to continuing our collaboration with DG Fuels,”
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