Air France/KLM confirms strategic cooperation with SAF producer
Air France-KLM acquired an option to purchase up to 25 million gallons/75,000 tons of SAF annually over a multi-year period beginning in 2029.
This option comes in addition to the long-term offtake contract announced by Air France-KLM and DG Fuels last year.
The investment and offtake option represent a further major step by the Group towards achieving its 10% SAF incorporation target by 2030.
In October 2022, Air France-KLM announced an offtake agreement for 600,000 tons of SAF from DG Fuels, to be delivered between 2027 and 2036.
“Air France-KLM welcomes this expanded cooperation with DG Fuels. Supporting the scale-up of advanced waste-to-aviation fuel technology is a crucial step to growing the SAF industry. This is the first time Air France-KLM has made a financial investment in a SAF producer and we look forward to further reinforcing our long-term partnership with DG Fuels,” said Constance Thio, EVP human resources and sustainability, Air France-KLM.
“We are very pleased to broaden our strategic relationship with Air France-KLM. This expansion of our existing relationship is very important to both DG Fuels and to the aviation industry as we build momentum to successfully implementing our first SAF facility and make major scale up plans thereafter. We look forward to working with Air France-KLM as we deploy our SAF technology at additional locations in the United States, Europe and Asia,” said Christopher Chaput, president & CFO of DG Fuels.