Northwest Advanced Bio-Fuels in final discussions for sustainable aviation fuel project

November 15, 2020 |

In Arizona, Northwest Advanced Bio-Fuels is in final funding discussions to raise hundreds of millions of dollars for its sustainable aviation fuel project in Washington state, which will produce and supply 60+ million gallons of SAF annually for Delta Air Lines.

“NWABF is currently holding serious, active investment discussions with top U.S. Infrastructure and Energy Investment firms, including some of Wall Street’s finest, and also with industry partners, in reviewing the SAF investment opportunity. The company has already received investment term sheets for the construction CAPEX of the Project, from multiple qualified investors eager to participate in the Project’s funding needs. As a result, final development funding is expected to close soon.”

In 2019, Delta Air Lines invested $2 million to collaborate with Northwest Advanced Bio-Fuels to study the financial feasibility of a biofuel production facility that produces sustainable aviation fuel and other biofuel products.

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Category: Fuels

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