In the UK, SAF Investor reported that SAFFA Fund I, investment fund managed by Burnham Sterling Asset Management, announced an investment of up to $30 million in SAF One Project breaking ground in 2026.
The fund said that it had already invested $10 million in the project with the new investment of $20 million taking the total tally to $30 million.
SAF One, which has been developing a pipeline of SAF projects over the last several years, said it has achieved critical milestones on its Middle East project and is targeting production by the last quarter of 2028, according to the report.
“SAF One is delighted to partner with SAFFA and its stakeholders in the funding of our first project that we believe will be the first to deliver SAF out of the Middle East region,” said Mounir Kuzbari, co-founder and executive chair of SAF One.
The report noted that SAFFA has received investments from Airbus, Air France-KLM Group, Associated Energy Group, BNP Paribas, Burnham Sterling, CMA-CGM, Mitsubishi HC Capital and Qantas Airways to accelerate the SAF production.
More on the story.
