Azure Sustainable Fuels

Sector

Clean Energy

Region

Calgary, Alberta

Investment

$4 million (Financial close)

Partner(s)

Azure Sustainable Fuels

Sector

Clean Energy

Region

Calgary, Alberta

Investment

$4 million (Financial close)

Partner(s)

Azure Sustainable Fuels

Azure Sustainable Fuels Front-End Engineering and Design (“FEED”) Study

Study to evaluate a proposed sustainable aviation fuel (SAF) source which can reduce aviation emissions by up to 80%

drawing of man with boy wearing cowboy hat sitting on his shoulders pointing up at a plane in the sky, while standing in a field.

Small commuter jet plane on runway with a sunset in the distance

Plane wing in the sky with sun shining through a cloudy background

Azure

Azure is pleased to be partnering with the CIB to progress our plans to provide a significant source of SAF to global markets and support the transition to a more renewable future. We look forward to continuing to advance this exciting opportunity.

Douglas Cole, Chief Executive Officer

Fast facts

SAF are produced by Canadian agricultural products such as canola and soybean oil

Production will help create new green jobs and support Canada’s agricultural sector

Near-term solution to reduce the aviation industry’s carbon footprint without modifying existing aircraft engines or infrastructure

We lent $8.4 million to support the FEED study of Azure’s sustainable aviation fuels (SAF) production study. The CIB’s funding helps support Azure’s critical path of producing SAF by 2027, which could contribute materially to helping Canada meet its energy security and emissions reduction goals.

With the International Coordinating Council of Aerospace Industries Associations committing to adopt 100% SAF capability by 2030 for all commercial and military aircraft, the sustainable fuel market is expected to grow significantly. As demand increases, SAF, produced by Canadian products such as canola and soybean oil, is expected to add long-term value to the agricultural sector.

Benefits of the CIB’s involvement

The CIB is leveraging accelerator funding to include FEED capital expenditures being undertaken by the private sector to advance energy transition projects in Canada, including carbon capture and sequestration, hydrogen production and transportation, and clean fuels.

By providing the FEED study capital, we can accelerate future investment partnerships and advance more projects from the conception to the completion phase.

Learn more

Disclaimer: The Canada Infrastructure Bank (CIB) in its sole and absolute discretion may choose to make available amendments, revisions, modifications, or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by the CIB at any time and in no event shall the CIB be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Images courtesy of Azure Sustainable Fuels.

Azure

Douglas Cole, Chief Executive Officer