DG Fuels lands $4.7M investment from Air France – KLM and SAF offtake agreement

In Norway, HydrogenPro’s collaborative partner, DG Fuels, announced on November 10 the strategic cooperation with Air France – KLM. The latter has made an investment in DG Fuels “to support the completion of the development work necessary to reach the Final Investment decision”. The group has invested $4.7 million in the SAF (Sustainable Aviation Fuel) producer. HydrogenPro has been contracted as the supplier of electrolyzers for the plant in a potential $500 million deal, excluding life cycle services.

In addition to the investment Air France-KLM «acquired an option to purchase up to 25 million gallons / 75 000 tons of SAF annually over a multi-year period beginning in 2029. This option comes in addition to the long-term offtake contract announced by Air France-KLM and DG Fuels last year.