In the United States (US), sustainable aviation fuel (SAF) developer DG Fuels, LLC, has announced that it has been invited to submit a Part II Application for a loan guarantee under the US Department of Energy (DOE) Title XVII Loan Guarantee Program.
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If successful, the proposed US$2.15 billion loan guarantee from the DOE would accelerate the scaling up of the proposed facility to produce sustainable aviation fuel (SAF) in the United States.
This is the next of several steps in the DOE process which could ultimately result in a conditional commitment and final loan agreement from DOE.
DG Fuels intends to work closely with the DOE to fulfill the requirements of Part II of the application process.
The first facility planned
DG Fuels is building a low carbon dioxide (CO2) life cycle emissions synthetic fuel system based on high carbon conversion technology that is targeting a 93 percent efficiency.
The first DG Fuels facility, which is currently planned to be located in Louisiana, is expected to create approximately 633 new permanent union operating jobs and up to 2 100 construction jobs over three years.
If fully scaled up, the initial facility is projected to have a SAF production capacity of approximately 151 million (US) gallons (≈ 571.5 million) per year.
At DG Fuels we’ve developed a carbon conversion fuel production process that is targeting a 93 percent carbon conversion efficiency, which reduces the amount of feedstock required to produce our SAF and lowers our cost of production. All this is to be accomplished without affecting food production The project is expected to be anchored by our existing and growing list of long-term offtake customers, said Michael C. Darcy, CEO of DG Fuels.
Black & Veatch, which has been selected to complete the engineering work, is expected to play a large role in the completion of the project going forward.
This important project enables DG Fuels to meet its mission to contribute to cleaner transportation industries and facilitates the anticipated rapid growth of the green economy in the United States. It would strengthen our country’s economic, environmental, and renewable energy infrastructure while creating high-paying jobs in construction and U.S. equipment manufacturing, said Gary Martin, VP of Black & Veatch.
