Global law firm Clifford Chance has advised the US Department of Energy’s Loan Programs Office (DOE LPO) in its US$1.46 billion conditional commitment to help finance a first-of-its-kind large-scale corn starch-to-jet fuel facility in Lake Preston, South Dakota, which is expected to double the sustainable aviation fuel (SAF) capacity in the United States.
Once completed, the Gevo NZ-1 facility will have the capacity to produce up to 60 million gallons of sustainable aviation fuel per year. Based on Gevo’s analysis with the 40BSAF-GREET model, it will reduce over 600,000 metric tons of carbon dioxide equivalent (CO2e) annually when compared to the lifecycle emissions of fossil jet fuel.
For more information, please see the LPO’s announcement blog by clicking here.
Energy & Infrastructure counsel Peter Hughes and partner Lori Bean are leading the Clifford Chance team along with associate Andrew Cotton. The wider Clifford Chance team includes:
- Construction: partner Edward Bretherton, lawyer Tom Pemberton
- Regulatory: partner Marcia Hook, associate Nicholas Johnson
- Environmental: partner Ty’Meka Reeves-Sobers, associate Kami McFarland
- Real Estate: counsel Victoria Manthas, associate Anthony Norris
- Commercial: counsel Philip Walsh
- Corporate: associates Stephanie Kilmer and Vicki Ye
