Provectus Biofuels signs non-binding LOI with Alberta airport for 10M litres of SAF offtake

In Canada, Provectus Biofuels Inc. has signed a non-binding letter of intent with a regional Alberta airport that sets out indicative terms under which both parties intend to negotiate a definitive long-term offtake agreement for renewable sustainable aviation fuel produced from Provectus’ Dobrojet Biofuels facility once operational.

The letter of intent is for the offtake of up to 10 million liters of renewable jet fuel conforming to ASTM D1655 (or a successor standard) and fully certified for use as Jet A-1 after blending, meeting all additive and quality requirements applicable at the time of delivery. This represents 10% of the total projected production capacity at Provectus’ planned Dobrojet Biofuels facility that is to be sited in Vegreville, Alberta. Deliveries are expected to commence in 2029.