By Air France-KLM, the Franco-Dutch airline, has made a significant investment of $4.7 million in DG Fuels. This investment aims to support the completion of the necessary work for a financial investment decision in DG Fuels’ sustainable aviation fuel (SAF) production plant in Louisiana, United States.
In addition to the investment, Air France-KLM and DG Fuels have also signed a new option agreement. This agreement allows Air France-KLM to purchase up to 75,000 metric tons per year of SAF from DG Fuels. It is notable that this agreement is in addition to their existing contract for 600,000 metric tons of SAF, which extends from 2027 to 2036.
The efficiency of DG Fuels’ SAF production process enables them to offer competitive prices comparable to traditional jet fuel. As part of their expansion plans, DG Fuels intends to build a production facility not only in Louisiana but also in Maine.
It’s worth mentioning that Air France-KLM was the largest consumer of SAF in 2022, accounting for 17% of global production. This achievement aligns with France’s commitment to introducing a mandatory SAF blend target, making it one of the pioneering countries in this regard.
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