Argentine state oil firm YPF (YPFDm.BA), opens new tab will invest around $400 million as part of a new joint venture to produce and sell sustainable aviation fuel (SAF), it said on Friday.
The new venture, to be called Santa Fe Bio, will be run in tandem with Essential Energy and operate out of YPF’s San Lorenzo refinery.
The project, which will pull financing from Argentina’s Large Investment Incentive Regime, is planned in two phases, YPF said in a statement.
YPF said the plant’s location in San Lorenzo, a port city, was ideal for selling SAF abroad as demand from airlines grows…
