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Avfuel completed the acquisition of a minority stake in Alder Fuels.

Synopsis

Avfuel, a supplier of aviation fuels, systems, and services, completed the acquisition of a minority stake in Alder Fuels, a clean tech company pioneering first-of-its-kind technologies for producing sustainable aviation fuel. Financial terms were not disclosed. "Avfuel is committed to providing sustainable solutions for its customers, including business aviation, fixed based operators and airlines. We have been a forerunner in supplying SAF to business aviation and this transformative agreement builds upon our commitment to lead its adoption. Avfuel is making investments via ATIC to ensure SAF is available and we are excited to partner with Alder in scaling the fuel globally. This is an important milestone in business aviation's SAF adoption story, but we realize reaching net zero targets will require a collective effort industry-wide to provide and embrace sustainable fuels. Only together can we reach this new height," C.R. Sincock, Avfuel Executive Vice President.

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