HydrogenPro’s collaborative partner, DG Fuels, announced 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 USD 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 USD 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.
“SAF is an important part of decarbonizing the aviation industry. We are happy to play an integral role as we are delivering our green hydrogen technology to transform the aviation sector through our collaboration with DG Fuels” says HydrogenPro CEO, Jarle Dragvik.
DG Fuels’ innovative technology matches green hydrogen from proven water electrolysis equipment with biomass carbon derived from timber and agricultural waste via gasification technology
HydrogenPro is a technology company and an OEM for high pressure alkaline electrolyzer systems for large-scale green hydrogen plants.
Press release https://is.gd/5xEtTD
