Airbus Inks Pact With DG Fuels For US-Based SAF Plant, Boosts Sustainability
Portfolio Pulse from Nabaparna Bhattacharya
Airbus SE has signed a pact with DG Fuels, LLC, a provider of sustainable aviation fuel (SAF). The partnership aims to support DG Fuels' goal of launching the equity process and reaching a final investment decision on building its first SAF plant in the U.S. by early 2024. The plant is expected to have an initial production capacity of 120 million US gallons of SAF per year, potentially saving approximately 1.5 million tonnes of CO2 emissions annually from 2026.
September 12, 2023 | 3:47 pm
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NEUTRAL IMPACT
Airbus' partnership with DG Fuels could enhance its sustainability profile and potentially attract environmentally conscious investors. However, the company's shares traded lower by 3.04% to $34.88 on the last check Tuesday.
The partnership with DG Fuels could enhance Airbus' sustainability efforts, which is a growing focus for many investors. However, the impact on the company's stock price is uncertain as it recently traded lower. The long-term benefits of the partnership may not be immediately reflected in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100