top of page

SkyFuel's Program Plan

Airplane On Runway

Three-Plant Programme 2026 – 2030

120M gallons per year of SAF capacity. Delivered as a platform.

2026

2027

2028

2029

2030

Development & Permitting

Construction

COD/Ramp

Stabilised Ops

Site Selection

Development & Construction

Construction

COD/Ramp

Origination

Site Confirm

Development & Permitting

Construction/COD

Four Revenue Streams One Exit Event

Revenue compounds inside SPVs

SAF Offtake

  • Long term airline contracts with Investment grade counterparties. 

  • Generating up to $1bn Annually in revenue at full platform run rate (120m gal/yr)

45Z + LCFS + CORSIA

  • Stacked Policy Incentives

  • Multiple layered incentive programs combined upside of several dollar per gallon. 

  • Driven by :

    • Federal tax credit transferability

    • State low carbon fuel standards

    • International aviation offset demand. 

Biogenic CO₂ Offtake

  • Significant byproduct CO2 volumes per plant sold into an undersupplied food grade and industrial market

  • Pricing fluctuation dependant on the end use (Food/Beverage, E-fuels, Carbon Capture)

Developer Fees

  • Milestone based fees providing Holco working capital throughout the the build phase, ahead of any exit event. 

  • Site Selection, FEED, Financial close, COD

The IRA Makes Our Economics Transformational

45Z alone is worth up to $1/gal — and it stacks with LCFS and CORSIA.

Credit Stack per Gallon of SAF

Total Value Per Gallon:

Up to $14.05/gal

$8.50

SAF Market Price

$1.75

45Z Credit (IRA)

$2.00–4.00

LCFS — CA/OR/WA

$0.50–0.80

CORSIA

(2027+)

45Z Key Facts

Section 45Z provides a federal clean fuel production incentive for qualifying SAF, with credits of up to $1 per gallon for eligible production. It forms an important part of SkyFuel’s broader incentive and value structure alongside SAF revenues and environmental credits.

Credit Level

$1/gal for biogas-to-SAF (100% LCA reduction)

§6418 Transfer

Credits sold for cash to third parties. No tax equity structure needed.

NTP Deadline

Construction must begin before Jan 2028 to qualify production.

SkyFuel Plan

NTP all 3 sites before Dec 2027. 45Z registered via GREET/DOE.

If Not Extended

LCFS + CORSIA still deliver strongly positive EBITDA. Not a single-credit story.

bottom of page