Stonepeak looks to invest $600 million into Northwest Advanced Bio-Fuels's Sustainable Aviation Fuel (“SAF”) project.

Stonepeak looks to invest $600 million into Northwest Advanced Bio-Fuels's Sustainable Aviation Fuel (“SAF”) project under a recent MOU.

The potential investment is aimed towards securing a strategic long-term investment into its Sustainable Aviation Fuel (“SAF”) project in Washington State.

Stonepeak Infrastructure Partners (“Stonepeak”) is an independent investment firm specializing in North American infrastructure.

Once finalized, the investment would help finance the largest announced SAF/renewable biofuels project using cellulosic feedstock in the world.

The announcement is a major milestone for the SAF industry & aviation to progress commitments to achieving carbon neutrality & combating climate change aspect of it.