Year of Establishiment 1998
Privately Traded
Aeadquarters: Boston, Massachusetts, USA
World Energy is one of the world’s first producers of sustainable aviation fuel and has been producing renewable fuels for
over 25 years.
Key Facts
-
SAF Production Capacity:38 million gallons per year (2019)
-
SAF Production Target-:250 million gallons annually by 2024 and 1 billion gallons annually by 2030
-
Revenue:
-
EBITDA:
Current and Planned SAF Investments
n 2022, World Energy collaborated with Air Products to construct and expand World Energy’s SAF
production and distribution Hub in Paramount, California, with an investment of $2 billion to increase its total capacity to 340 million gallons annually.
Tie-Ups
-
Gulfstream Aerospace Corp.Nov 2023: Partnered to complete the world’s first transatlantic flight using 100% SAF with no added aromatics or other impurities, marking a historic success.
-
DHL ExpressOct 2023: Inked a 7-year strategic contract to purchase ~668 million litres of SAF via SAF certificates (SAFc) till 2030 to accelerate the decarbonization of aviation logistics.
-
MicrosoftOct 2023: Partnered for a first-ever 10-year purchase contract for replacing about 43.7 million gallons of petroleum jet fuel with SAF through SAFc to decarbonize Microsoft’s corporate air travel and supply chain cargo.
-
World Fuel ServicesMay 2023: Entered a 6-year purchase partnership for 27 million gallons of SAF.
-
Blue BiofuelsMay 2023: Inked an MOU for the offtake of ethanol and SAF, as well as all its finished products.
-
Etihad AirwaysNov 2022: Signed a notable MOU to power the first net-zero flight using SAF via a Book & Claim system to decarbonize flights via in-sector emissions reductions.
-
ShellJan 2020: Partnered to increase the supply of SAF to the Lufthansa Group for flights in San Francisco International Airport (SFO).
Financiers / Investors
Air Products, and Canadian investor Halifax.
Other Information
In 2022, World Energy announced constructing its second SAF facility at its current Houston ship
channel production and distribution hub to produce an additional 250 million gallons of SAF annually
by 2025.