Infinium's Roadrunner Project Secures Financing from HSBC
- Roadrunner Project will produce 23,000 tonnes of eSAF annually using renewable electricity and captured CO2.
- Long-term offtake agreements are secured with American Airlines and International Airlines Group.
- Construction is underway in Reeves County, Texas, near Pecos.
- HSBC acts as Sole Lead Arranger, LC Issuing Bank, Collateral Agent, and Sole Lender.
Project Overview
Infinium's Roadrunner Project, located in Reeves County, Texas, aims to produce approximately 23,000 tonnes per year of synthetic sustainable aviation fuel (eSAF) and other low-carbon eFuel products. The project utilizes renewable electricity and captured carbon dioxide in its production process.
Financing and Partnerships
Roadrunner One, LLC, an affiliate of Infinium, has secured project-based financing from HSBC, which serves as the Sole Lead Arranger, LC Issuing Bank, Collateral Agent, and Sole Lender. Project investors include affiliates of Brookfield Asset Management, Breakthrough Energy Catalyst, and Infinium.
Market Impact
Long-term offtake agreements have been established with major airlines, including American Airlines and International Airlines Group, the parent company of British Airways and Aer Lingus. This positions the Roadrunner Project as a significant player in the sustainable aviation fuel market.
Construction and Industry Significance
Construction of the Roadrunner Project is already underway, marking it as one of the first large-scale synthetic fuel facilities in the U.S. to secure institutional financing. This sets a precedent for how clean energy ventures can be delivered with private sector backing, highlighting the project's role in advancing decarbonization technology.
Source: Infinium