Year of Establishiment 2021
Privately Traded
Aeadquarters: Boulder, Colorado/p>
Alder Fuels, now known as Alder Renewables, is an emerging clean technology leader, pioneering advanced sustainable aviation fuel (SAF) production from forest and crop waste.
Key Facts
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SAF Production Capacity:3 million gallons per year
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SAF Production Target-:
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Revenue:
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EBITDA:
Current and Planned SAF Investments
In September 2022, Directional Aviation unveiled plans to invest in Alder fuels to analyse the production of SAF and industry adoption of low-carbon jet fuel.
In September 2021, United and Honeywell jointly invested in Alder Fuels to produce SAF from crop and forest waste using Alder technologies and the Honeywell Ecofining process.
Tie-Ups
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Rolls-Royce
Oct 2022: Signed a strategic MoU to test SAF on flights to enhance commercial scalability.
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EnvivaSept 2022: Collaborated for a long-term supply of 750,000 metric tonnes of woody biomass from Enviva from 2024 onwards.
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NRELAug 2022: Partnered for scaling advanced SAF technology for commercial use.
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BoeingJul 2022: Partnered to expand production of SAF worldwide and expedite aviation net-zero transition.
Financiers / Investors
In early 2023, the United Nations DOE awarded a Phase 1 Grant Award of $2 million to Alder Fuels to support its first demonstration-scale plant in the Southeast US.
In June 2022, Avefuel Corporation announced investing in Alder Fuels to offtake 1 billion gallons of SAF over 20 years.
In 2021, United Airlines agreed to purchase 1.5 billion gallons of SAF over a 20-year.
Other Information
In March 2023, Alder Renewables provided a high-tech analysis of a new and 100% sustainable SAF Alder SAF100 for replacing petroleum-based jet fuel.