Canada Infrastructure Bank invests $6.2M in Azure’s SAF FEED study

In Canada, Canada Infrastructure Bank (CIB) and Azure Sustainable Fuels Corp. (Azure) are partnering on a front-end engineering and design (FEED) study for sustainable aviation fuel (SAF) production in Canada. Azure’s study is now fully funded and on track to be completed in 2024.

The CIB’s C$8.4 million funding helps support Azure’s critical path of producing SAF by 2027, which could contribute materially to helping Canada on the path towards meeting its climate goal of net zero emissions by 2050.

The CIB investment provides support for Azure to leverage Canadian skillsets and maximize options by developing three potential Canadian sites in parallel. The company has been working closely with provincial, municipal, and Indigenous governments to adhere to all environmental regulations.