Syzygy, IFC to revolutionise SAF projects across Latin America
As per the agreement, IFC will provide technical and commercial advisory services as Syzygy advances individual projects.
Houston based green energy major Syzygy Plasmonics has partnered with the International Finance Corporation (IFC), arm of the World Bank Group, to support the development of a pipeline of SAF projects across Latin America.
As per the agreement, IFC will provide technical and commercial advisory services as Syzygy advances individual projects. The framework establishes a pathway for further collaboration as Syzygy scales its SAF platform across the region.
The first project supported under the framework is NovaSAF-1, a planned commercial-scale SAF facility in Durazno, Uruguay. As the first commercial deployment of Syzygy’s technology, the project is expected to demonstrate a new approach to producing sustainable aviation fuel using renewable electricity and biogas, while serving as a model for potential future facilities across Latin America.
By combining Syzygy’s proprietary light-driven technology with Latin America’s abundant renewable energy resources and biogas feedstocks, Syzygy aims to accelerate the commercialization of SAF in emerging markets.
Unlike conventional industrial processes that rely on fossil-fuel heat, Syzygy’s proprietary technology uses renewable electricity to power light-driven reactors that convert biogas into sustainable aviation fuel. The company estimates the process can reduce lifecycle greenhouse gas emissions by up to 90 percent compared with conventional jet fuel.
Raphaël Eskinazi, IFC Regional Investment Manager, said, “IFC’s role is to help bridge that transition: supporting pioneering projects that can mobilize private capital, demonstrate new business models and create pathways for broader market adoption across emerging economies.”
“IFC’s involvement is a strong signal that Syzygy is poised to disrupt the market; we have the technology, the project pipeline, and the commercial agreements that underpin it,” said Trevor Best, Co-Founder and CEO of Syzygy Plasmonics.
Syzygy’s regional expansion is already supported by key commercial agreements. Trafigura has signed a binding offtake agreement covering the full production of NovaSAF-1, while Trafigura and World Fuel Services have entered into capacity reservation agreements for future facilities across the region.
