Lower-carbon ‘electrofuel’ provider Infinum has received a $75 million project equity investment from Breakthrough Energy Catalyst, a platform funding commercial projects for emerging climate technologies: helping to create the largest Power-to-Liquid eFuel facility in North America.
Infinum’s Project Roadrunner, located in West Texas, aims to convert an existing brownfield gas-to-liquids to a fully-integrated eFuels facility, producing sustainable aviation fuel (SAF) using the Power-to-Liquid pathway. American Airlines and Infinum have also entered into a firm offtake agreement for the fuel produced.
Recognising “Infinum’s technological and commercial maturity, coupled with the company’s project development expertise,” head of Breakthrough Energy Catalyst Mario Fernandez highlighted the partnership as a “way to effect change and support the scale-up of capital-intensive projects”.
Val Smith, chief sustainability partner of Breakthrough Energy partner Citi, added: “Infinum’s eSAF technology is the latest example of innovation and growth within the climate solutions space. We hope the offtake arrangement with American, where we combine their direct use of SAF with our indirect use through our business travel, will serve as one model for how offtake agreements can be used to help scale up future solutions for low-emissions air travel.”
Infinum has numerous eFuel (fuels produced using renewable power) projects in development across the US, Europe, the Middle East, Japan and Australia.