Year of Establishiment 2007
Privately Traded
Aeadquarters: Pleasanton, California, USA
Key Facts
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SAF Production Capacity:3 million gallons per year
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SAF Production Target-:Planned capacity of 400 million gallons of SAF annually
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Revenue:
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EBITDA:
Current and Planned SAF Investments
In April 2023, Jet2 plc announced plans to invest in Fulcrum’s North-Point SAF project in Northwest England, with production to begin in 2027 to produce 26.4 million gallons/y of SAF.
In July 2022, SK Innovation invested $20 million in Fulcrum to source SAF from Fulcrum in South Korea and some Asian regions, the second investment following a $50 million investment made earlier in end-2021.
Tie-Ups
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Essar Oil (UK) Limited
Feb 2021: Collaborated to construct a new SAF conversion facility worth £600 million to produce SAF from non-recyclable household waste to supply airlines at UK airports.
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Manchester Airports GroupOct 2021: Partnered to secure direct supply of SAF to accelerate decarbonization in aviation and support post-pandemic employment recovery.
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Marubeni Corporation, Japan Airlines, and Japan Overseas Infrastructure Investment CorporationSept 2018: Partnered for international project development, project license agreement, jet fuel offtake, and secure equity investment in Fulcrum.
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Johnson MattheySept 2018: Partnered to license JM’s Fischer Tropsch (FT) technology to support biofuel production by converting municipal solid waste into biojet fuel.
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BPNov 2016: Strategic partnership to accelerate new renewable jet-fuel plant construction and the offtake of 50 million gallons of low-carbon jet fuel per year
Financiers / Investors
In February 2023, Fulcrum received $20.2 million from the UK Department for Transport Advanced Fuels till 2025 to support the development of the North-point residual SAF facility.
In 2021, Indiana Finance Authority awarded $500 million in Volume Cap to Fulcrum to support its Centerpoint Biofuel plant, and by end-2021 it completed its interim financing with $375 million.
In 2016, BP made an equity investment of $30 million for fuel offtake and construction of a renewable jet fuel facility.
In 2015, United Airlines invested $30 million in the company to participate in waste-to-jet fuel facilities in North America and secure the supply of SAF.
In 2014, Cathay Pacific invested in Fulcrum BioEnergy, Inc. for a 10-year supply of an initial 375 million gallons SAF that meets the airline’s technical requirements.
Other Information
In June 2023, Air New Zealand and the government selected Fulcrum Bioenergy and LanzaJet to analyse the technical, economical, supply chain, and environmental feasibility of establishing and operating a SAF production facility in the country with a combined fund of $2.26 million. In December 2022, Fulcrum Bioenergy produced the first-ever low-carbon synthetic crude oil using landfill waste at its Sierra BioFuels Plant.