Clifford Chance
Clifford Chance are one of the few international law firms with a sub-group focusing on green fuels including sustainable aviation fuel – actively advising SAF developers, investors and financiers on a number of SAF, biofuels, and e-fuels projects globally, including HEFA facilities in the Netherlands, France, Brazil, Paraguay, Uruguay and Pakistan, alcohol-to-jet projects in the US and Denmark and e-SAF facilities in Sweden and France.
For example, Clifford Chance teams are currently advising a developer on a proposed alcohol-to-jet SAF facility to be developed in the US Pacific Northwest, and are advising SkyNRG on the structuring, development and financing of the 100ktpa DSL01 SAF project being developed in Delzijl in the Netherlands. We have recently advised:
- the US Department of Energy’s Loan Programs Office (DOE LPO) in its US$1.46 billion conditional commitment to Gevo to help finance the Net-Zero-1 alcohol-to-jet fuel facility in Lake Preston, South Dakota, which is expected to double the sustainable aviation fuel (SAF) capacity in the United States.
- Asian Development Bank (ADB) and the International Finance Corporation (IFC) on the financing of a 200 ktpa HEFA SAF facility to be constructed and operated by SAFCO Venture Holdings Limited (SAFCO Ventures) in Sheikhupura, Pakistan
The Clifford Chance team has experience of advising on all elements of SAF projects and businesses, including:
- construction structuring, procurement and contracting;
- offtake and feedstock structuring and contracting;
- project financing;
- project and topco equity raising;
- buy and sell side equity investments;
- regulatory advice; and
- tax and incentive structuring and advice.
Clifford Chance staffs their transactions with the best people across their global network with the right experience and expertise, regardless of their physical location. This ensures that clients work with a team who understand the full range of opportunities and legal, policy, technical, regulatory and commercial challenges relevant to SAF projects and the development and financing of first-of-its-kind landmark transactions.