DG Fuels
DG Fuels is a pre-revenue, privately held synthetic fuel producer developing ASTM-certified drop-in sustainable aviation fuel from cellulosic biomass waste using proprietary high-carbon-conversion Fischer-Tropsch technology, targeting commercial airlines and aerospace customers through long-term offtake agreements and multi-billion-dollar U.S. production facilities.
- Company typePrivate
- Founded2021
- HeadquartersWashington, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What DG Fuels does
DG Fuels, LLC is a privately held, pre-revenue development-stage company incorporated in Delaware and headquartered in Washington, D.C., focused on producing synthetic, cellulosic drop-in sustainable aviation fuel (SAF) and ultra-low-sulfur diesel from agricultural and timber waste. The company's core platform is a proprietary high carbon conversion technology protected by U.S. Patent No. 12,098,323 (granted September 24, 2024), which modifies the Fischer-Tropsch process by capturing and reforming all process biogenic CO2 and combining it with green or blue hydrogen from water electrolysis to achieve a claimed 97% carbon utilization efficiency, versus a roughly 25% industry baseline, and a yield of up to 3.6 barrels of biogenic blending component per ton of biomass versus 1.1-1.3 barrels for competitors. The output is an ASTM-certified drop-in fuel that requires no engine modifications or new infrastructure.
DG Fuels' revenue model is anchored on long-term, multi-year offtake agreements with major airline and industrial customers, supplemented by the sale of California LCFS and U.S. federal RIN carbon credits generated by SAF production. Committed offtake exceeds 130 million gallons per year, including a 385-million-gallon agreement with Delta Air Lines, up to 604,086 metric tons (210 million gallons) with Air France-KLM, and an agreement with an undisclosed investment-grade buyer for 46 million gallons per year plus all carbon credits, valued at over $4 billion over an initial five-year term. Customers include Air France-KLM, Delta Air Lines, Airbus (strategic partner), and GE Aviation (10-year jet-engine testing agreement).
The company's go-to-market is direct enterprise field sales targeting aviation incumbents, supplemented by technology and engineering partnerships with Samsung E&A (EPC contractor for the Louisiana project), Johnson Matthey and bp (FT CANS technology licensing), NEXTCHEM (NX Circular gasification licensing), Black & Veatch (system integrator and FEED), Emerson (automation), HydrogenPro (water electrolyzers, with a deal potentially worth up to $500 million), and Energy Vault (gravity battery storage). DG Fuels is developing four U.S. facilities: a flagship approximately $4.96-8 billion Louisiana complex in St. James Parish producing roughly 180-200 million gallons per year with planned start in 2028, a $5 billion Moorhead, Minnesota plant producing 193 million gallons per year targeted for 2030, a Phelps County, Nebraska facility also at 193 million gallons per year targeted for 2030, and an Aroostook County, Maine facility at approximately 175 million gallons per year. Cumulative planned capital investment across the portfolio exceeds $20 billion. As of the input data, the company has raised approximately $45 million in disclosed equity, debt, and convertible funding and has not commenced commercial fuel production.
DG Fuels firmographics
Firmographics- Name
- DG Fuels
- Legal name
- DG Fuels, LLC
- Website
- https://dgfuels.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- DG Fuels is a pre-revenue, privately held synthetic fuel producer developing ASTM-certified drop-in sustainable aviation fuel from cellulosic biomass waste using proprietary high-carbon-conversion Fischer-Tropsch technology, targeting commercial airlines and aerospace customers through long-term offtake agreements and multi-billion-dollar U.S. production facilities.
- Ownership category
- akta.pro rank
DG Fuels industry classification
Industry- Product category
- Sustainable Aviation Fuel
- NAICS
- Petroleum Refineries (32411), Petroleum and Coal Products Manufacturing (3241), Petroleum and Coal Products Manufacturing (324)
- SIC
- Petroleum Refining (2911), Miscellaneous Products Of Petroleum & Coal (2990), Fats & Oils (2070)
- akta.pro primary industry
- Sustainable Aviation Fuel (SAF) Production (HEFA, FT, ATJ) (EUAAAHAE)
- akta.pro secondary industries
- CO₂‑Derived Synthetic Fuels for Aviation & Marine (SAF e‑fuels, e‑ammonia/e‑methanol bunkering pathways) (EUABAIAH), E-fuels Storage & Blending (E-diesel, E-kerosene/SAF, E-gasoline) (EUAFAFAC), Sustainable Aviation Fuel (SAF) & Alternative Fuels (e-fuels, biofuels, hydrogen) (THABANAA), Alternative Low-Carbon Marine Fuels Bunkering (Methanol, Biofuels, Ammonia, Hydrogen) (TLAHAKAC)
Keywords
Where DG Fuels is headquartered
LocationHeadquarters
- HQ city
- Washington
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
DG Fuels business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Supply Chain, Technology or R&D, Operations, Personnel, Marketing or Sales
Revenue model
- SAF Offtake Agreements: DG Fuels signs multi-year SAF offtake agreements with airlines. Air France-KLM agreement covers up to 604,086 metric tons (210 million gallons) of SAF over initial term. Delta partnership involves 385 million gallons (55 million gallons annually for 7 years). Additional 46 million gallons/year to undisclosed investment grade buyer. Total offtake agreements exceed 130 million gallons per year.
- Carbon Credit Sales: Sale of California LCFS (Low Carbon Fuel Standard) credits and US Federal RIN (Renewable Identification Number) carbon credits produced by SAF facilities. Combined SAF and carbon credit purchase agreement with undisclosed buyer exceeds $4 billion over initial five-year minimum term.
- Equity and Debt Securities: DG Fuels LLC, a Delaware corporation, raised capital through SEC Form D exempt offering of securities involving $37 million (with $27 million already sold), including debt securities.
- Strategic Investment: Japanese companies aviner & co., inc. and Chishima Real Estate Co., Ltd. invested in DG Fuels' proposed $4.2 billion SAF facility in Louisiana. Air France-KLM invested $4.7 million to support developmental work to reach FID.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
DG Fuels product offering
Product offeringCore offering
DG Fuels manufactures synthetic Sustainable Aviation Fuel (SAF) and Ultra Low Sulfur Diesel from cellulosic biomass waste (agricultural residues such as sugarcane bagasse and corn stover, and timber waste) using a proprietary high carbon conversion Fischer-Tropsch process combined with water electrolysis and CO2 capture. The output is an ASTM-certified drop-in replacement fuel that requires no engine modifications and meets aviation fuel infrastructure standards.
Product overview
DG Fuels operates as a synthetic fuel production company with a single integrated platform producing sustainable aviation fuel (SAF) and diesel fuels from cellulosic biomass. The core offering is the company's proprietary High Carbon Conversion Technology platform, which modifies the established Fischer-Tropsch process to achieve up to 97% carbon efficiency by capturing and reforming process CO2 with green/blue hydrogen from water electrolysis. The primary output is Sustainable Aviation Fuel (SAF) - a drop-in replacement for conventional jet fuel that meets ASTM standards without requiring engine modifications or new infrastructure. Secondary products include Ultra Low Sulfur Diesel and Liquid Hydrogen Storage Media. DG Fuels also integrates Emerson automation systems into its production facilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Sustainable Aviation Fuel (SAF) ASTM-certified synthetic drop-in replacement jet fuel produced from agricultural and timber waste via Fischer-Tropsch process. Sold directly to commercial airlines and aerospace companies via multi-year offtake agreements. Achieves up to 97% carbon utilization efficiency and lifecycle CO2 reductions exceeding 100% compared to conventional jet fuel.
- Ultra Low Sulfur Diesel Synthetic diesel fuel produced through DG Fuels' gasification and upgrading process using cellulosic biomass feedstock. Offers a cleaner-burning alternative to petroleum-derived diesel.
- Liquid Hydrogen Storage Media Carbonized liquid hydrogen replacement fuel by-product from the Fischer-Tropsch production process, offering 7% improved energy density versus conventional fuels and additional aircraft payload capacity.
Quantifiable outcome
- Carbon intensity score of -39 g/MJ (140% lower than conventional Jet A)
- +6 more outcomes
Companies that use DG Fuels
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
DG Fuels technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
DG Fuels partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core and strategic.
- Samsung E&AcoreAppointed as major contractor for DG Fuels' inaugural synthetic jet fuel project in St. James Parish, Louisiana. Responsible for blue hydrogen, green hydrogen, and power generation portions of the approximately $8 billion synthetic jet fuel project. SAMSUNG E&A will execute FEED for its dedicated portion before end of 2025, collaborating with Black & Veatch as overall system integrator. Two companies having preliminary discussions on extending relationship to Minnesota and Nebraska projects.
- NEXTCHEMcoreLicensing agreement for proprietary NX Circular gasification technology for Louisiana SAF plant operational by 2028. Will process 1 million tons per year of bagasse and sugar cane trash and pulp. Includes proprietary equipment supply for gasification and gas treatment units with modular approach option. MAIRE S.p.A subsidiary leading Waste-to-Chemical segment.
- Johnson MattheycoreStrategic partnership deploying Fischer Tropsch (FT) CANS technology for the world's largest SAF production plant in St. James Parish, Louisiana. Planned capacity of 13,000 barrels per day, sufficient for more than 30,000 transatlantic flights annually post-blending. Expected production commencement by 2028.
- bpcoreCo-developed Fischer Tropsch CANS technology with Johnson Matthey for DG Fuels' Louisiana SAF facility. bp's FT CANS technology brings decades of science and engineering expertise, competitive across range of production scales and feedstock sources.
- Air France-KLMcoreStrategic cooperation including investment of USD 4.7 million to support completion of developmental work for FID on Louisiana SAF plant. Air France-KLM acquired option to purchase up to 75,000 tons of SAF annually (25 million gallons) over multi-year period beginning 2029, in addition to existing long-term offtake contract. Represents first time Air France-KLM has made financial investment in a SAF producer.
- EmersonstrategicSelected to provide comprehensive automation and project engineering for DG Fuels' SAF production. Provides advanced sensing, control, systems, equipment monitoring and production optimization technologies and software enabling safe, reliable and sustainable production.
- AirbuscoreStrategic partnership to support scaling of promising technology to produce SAF from cellulosic waste and residues in the U.S. with potential for large-scale production worldwide. Partnership supports DG Fuels' goal of launching equity process and reaching FID on first SAF plant. Airbus and DGF agreed a portion of first plant's production will benefit Airbus' customers.
- HydrogenProcoreElectrolyzer supplier for SAF project, with deal potentially worth up to $500 million USD excluding lifecycle services. HydrogenPro injects convertible loan of USD 3 million to DG Fuels' capital raise. Exclusive provider of water electrolyzer capacity up to 839 megawatts for Louisiana facility.
- Black & VeatchcoreBinding agreement for Black & Veatch to perform Front-End Loading (FEL-3) engineering report for launch project in Louisiana. One of North America's largest engineering, procurement, consulting and construction companies, conducting feasibility, early engineering, environmental permitting, and EPC execution. Overall integrator of system's component technologies.
- Delta Air LinescorePartnership to provide 385 million gallons of SAF (55 million gallons annually for 7 years) to expand sustainable fuel availability. Helps accelerate SAF production which remains nascent - current supply would only operate Delta's fleet for single day. Expected delivery by end of 2027.
- Energy VaultstrategicProvides gravity battery power balancing equipment for DG Fuels' production process. Joined Black & Veatch and HydrogenPro in financing remaining capital requirements of SAF project. Maximizing use of local materials and local job creation.
- GE Aviationstrategic10-year agreement for 500,000 gallons annually of low-emissions jet fuel from D'Arcinoff Group (DG) for jet engine testing at Peebles, Ohio facility. Options up to 10 million gallons annually. Fuel to be produced at D'Arcinoff Group Energy Program facility in Hudspeth County, Texas.
- Nebraska BioEconomycorePartnership with Phelps County, Nebraska for first Midwest SAF production facility. Strategic plan focuses on delivering value to Nebraskans, aquifer protection, and future generations. Project expected to deliver nearly $55 billion economic impact across State over 30 years.
- Minnesota SAF HubcoreCoalition anchored by Bank of America, Delta Air Lines, Ecolab, and Xcel Energy, led by GREATER MSP Partnership. DG Fuels announced as site selection for roughly $5 billion manufacturing facility in Moorhead, Minnesota producing 193 million gallons/year of low-carbon SAF.
- Loring Development Authority of MainestrategicLong-term lease agreement for 1,240 acres of contiguous land at former Loring Air Force Base in Aroostook County, Maine. Site for DGF's second SAF facility as well as other industrial development. Project expected to create 2,300 construction jobs and 650 permanent jobs.
- Green 4 Maine, LLCstrategicDevelopment partner for Loring Commerce Centre project. Playing major role including potential acquisition of project site, workforce housing development, and long-term relationship with DG Fuels for economic development and sustainable job creation.
Scale indicators17 records
Recent moves6 records
Expansion highlights7 records
DG Fuels competitors and assessment
Company assessmentDirect peers
- World Energy: Operating HEFA-based SAF producer and supplier to major airlines; broader SAF pathway but directly competes for the same airline offtake demand.
- Alder Fuels: Cellulosic alcohol-to-jet SAF developer; comparable feedstock (cellulosic biomass) and pre-commercial status, competing for similar airline customers.
- Gevo: Renewable-fuels company developing alcohol-to-jet SAF from corn and cellulosic feedstocks, with signed airline offtakes and a Net-Zero 1 project under development in South Dakota.
- Fulcrum BioEnergy: Developer of Fischer-Tropsch SAF from municipal solid waste; closest US analog to DG Fuels in feedstock flexibility, Fischer-Tropsch pathway, and pre-commercial project status.
- Velocys: Fischer-Tropsch microchannel reactor technology licensor for biomass-to-SAF projects; directly comparable on FT pathway, though at smaller project scale.
- Infinium: Developer of e-fuels (e-SAF, e-diesel, e-naphtha) from green hydrogen and captured CO2 via reverse-water-gas-shift + Fischer-Tropsch; overlaps with DG Fuels on FT chemistry and EU E-SAF exposure.
- LanzaTech: Gas-fermentation company producing ethanol that is upgraded to SAF (alcohol-to-jet pathway); competing US/global SAF supplier with airline offtakes and project pipeline.
Broad incumbents
- Aemetis: Diversified renewable fuels producer with a SAF project under development in California; broader renewable diesel/ethanol portfolio with a SAF growth bet from a different feedstock base.
Emerging players
- Prometheus Fuels: Direct air capture-to-hydrocarbons startup developing synthetic jet fuel from CO2 and water using renewable electricity; emerging player with overlapping end-product focus.
- Twelve (Opus 12): CO2-to-chemicals and fuels company producing e-fuels and chemical intermediates from captured CO2; adjacent CO2-utilization technology relevant to DG Fuels' syngas pathway.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
DG Fuels social profiles
Digital presenceDG Fuels financial estimates
Financial estimateRevenue estimate
Valuation estimate
DG Fuels leadership team
Management profileNumber of profiles
Profiles2 records
DG Fuels subsidiaries and ownership
Company hierarchySubsidiaries1 record
DG Fuels funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DG Fuels M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DG Fuels
What does DG Fuels do?
DG Fuels manufactures synthetic Sustainable Aviation Fuel (SAF) and Ultra Low Sulfur Diesel from cellulosic biomass waste (agricultural residues such as sugarcane bagasse and corn stover, and timber waste) using a proprietary high carbon conversion Fischer-Tropsch process combined with water electrolysis and CO2 capture. The output is an ASTM-certified drop-in replacement fuel that requires no engine modifications and meets aviation fuel infrastructure standards.
Is DG Fuels a public or private company?
DG Fuels is a private company. It is classified as venture growth investor backed and is currently operating.
When was DG Fuels founded?
DG Fuels was founded in 2021. It employs 11 to 50 people.
Where is DG Fuels based?
DG Fuels is headquartered in Washington, United States, in the North America region.
How does DG Fuels make money?
Four revenue lines are on record. SAF Offtake Agreements are the primary driver. The others are carbon Credit Sales, equity and Debt Securities and strategic Investment.
Who are DG Fuels's main competitors?
Direct peers on record are World Energy, Alder Fuels, Gevo, Fulcrum BioEnergy, Velocys, Infinium and LanzaTech. Aemetis is listed as a broad incumbent. Emerging players are Prometheus Fuels and Twelve (Opus 12).
Does DG Fuels have an API?
No public API is recorded for DG Fuels.
What industry is DG Fuels in?
DG Fuels's product category is Sustainable Aviation Fuel. Its primary akta.pro industry code is EUAAAHAE, Sustainable Aviation Fuel (SAF) Production (HEFA, FT, ATJ), with a secondary code of EUABAIAH, CO₂‑Derived Synthetic Fuels for Aviation & Marine (SAF e‑fuels, e‑ammonia/e‑methanol bunkering pathways). Its NAICS code is 32411 and its SIC code is 2911.