USD/BTC = $96,352
Block 871,790
A $5 billion facility to manufacture jet fuel for airplanes is coming to Moorhead. DG Fuels, a Washington D.C.-based energy company, announced it’s putting a sustainable aviation fuel (SAF) plant in Clay County, bringing 650 jobs to northwestern Minnesota’s border with North Dakota.
The facility, which expects to start production in 2030, will convert agriculture and timber waste into jet fuel, according to a statement from Greater MSP, a Twin Cities-based regional development organization.
While SAF can be produced from biomass streams, including corn stover, industry experts look to perennial crops as well, such as camelina and other oilseeds, as possible sources for feedstocks.
DG Fuels did not respond to a request for an interview. But the facility will produce 193 million gallons of SAF per year and take four years to construct, according to a release from the company. The company says it expects the investment will produce $50 billion in economic activity for the state over the next three decades.
Curious what the energy density is on this SAF fuel. What is the cost per gallon versus petroleum based jet fuel? I doubt it can compete
Is this product really economically viable? Or is it more climate madness and mal investment