Northwest Advanced Bio-Fuels (NWABF) has announced it is in final funding discussions for its SAF project, which will produce and supply 60 million gallons of the aviation fuel for Delta Air Lines.
NWABF is currently holding talks with US energy investment firms in reviewing the SAF investment opportunity.
According to the company, these discussions were the logical “next step” forward in NWABF’s move toward finalising funding for the SAF project in Washington State.
Dave Smoot, manager and founder of the NWABF project, said receiving financial commitments from key energy and infrastructure investment firms were a key sign that the project was headed in the right direction.
“Our project is strong, on target and we’re getting investment interest from the right kind of investment partners,” he said. “Our projected production costs for this project are economically sound, and we have access to long-term feedstock from forest slash, sawmills and chipping operations. And, of course, we have the 10-year offtake agreement with Delta Airlines. We are excited for the future.”
NWABF is a Delaware-based company that is developing a second generation cellulosic renewable biojet fuel with the first project being developed in the Pacific north-west.
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