DGF's fuel production system is based entirely on cellulosic waste products, such as wood waste from the logging industry, and renewable energy sources, such as wind and solar power.

The partnership with Airbus supports DG Fuels' goal of launching the equity process and reaching a final investment decision (FID) on building DG Fuels' first SAF plant in the U.S. by early 2024. 

In this context, Airbus and DGF have agreed to a portion of the production of the first plant to benefit Airbus' customers.

"The partnership with DG Fuels supports the emergence of a new technological pathway allowing for the production of SAFs from a broader range of waste and residue sources, first in the U.S with a potential for large-scale production worldwide," said Airbus CEO Guillaume Faury. 

The project aligns with the U.S. government-sponsored SAF Grand Challenge, which aims to reduce costs, improve sustainability, and expand domestic SAF production.

DGF's plant aims to have an initial production capacity of 120 million US gallons of SAF per year on average, which could save approximately 1.5 million tonnes of CO2 emissions annually from 2026.

Price Action: EADSY shares traded lower by 3.04% to $34.88 on the last check Tuesday.

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