Azure Sustainable Fuels

What Azure Sustainable Fuels does

Azure Sustainable Fuels Corp is a privately held Canadian corporation incorporated in Alberta and headquartered in Calgary, founded in 2021 by the former leadership of True North Renewable Fuels Ltd. after its sale to Federated Co-operatives Limited. The company is developing a portfolio of large-scale Sustainable Aviation Fuel (SAF) and Renewable Diesel (RD) production facilities across North America, with four projects in advanced development: 7Mile in British Columbia (jointly with Tk'emlúps te Secwépemc), Portage la Prairie in Manitoba, Port Colborne in Ontario along the Welland Canal, and Liberty Plains in Cherryvale, Kansas. Combined Canadian capacity is planned at approximately 584 million liters per year (expandable), with the U.S. facility designed for 150 million gallons per year, and first operations targeted by 2030.

The company's core process is HEFA (Hydroprocessed Esters and Fatty Acids), licensed from Shell Catalysts & Technologies as the Shell Renewable Refining Process (SRRP), converting renewable feedstocks — canola oil, soybean oil, tallow, distiller's corn oil, and used cooking oil — into SAF, RD, and co-products (renewable naphtha and renewable propane). Sites are deliberately co-located with feedstock supply and rail, port, and canal logistics, including partnerships with CN, Savage, Bartlett, and CapturePoint Solutions for CCUS integration. Azure has also joined the Roundtable on Sustainable Biomaterials (RSB) for CORSIA ecosystem access.

Azure is pre-revenue and operates as a B2B project developer, planning to monetize through long-term offtake agreements with airlines and heavy-haul transport operators, supplemented by government grants and concessionary financing. To date the company has secured approximately $40M+ in funding, almost entirely from Canadian federal and provincial sources (NRCan's Clean Fuels Fund, Canada Infrastructure Bank, and provincial governments), with a recent MOU with Hanwha Ocean exploring strategic investment. Each facility carries an estimated $1.9B construction cost and is forecast to deliver ~2.6 million tonnes/year of CO2 emissions reduction, 1,500 construction jobs, and 120–150 permanent positions.

Name

Azure Sustainable Fuels

Legal name

Azure Sustainable Fuels Corp

Website

https://azuresf.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Azure Sustainable Fuels Corp is a Calgary-based, privately held Canadian developer of large-scale Sustainable Aviation Fuel and Renewable Diesel production facilities across Canada and the United States, using licensed Shell HEFA technology to convert agricultural feedstocks into low-carbon transportation fuels for airlines and heavy-haul operators.

Ownership category

akta.pro rank

Product category

Sustainable Aviation Fuel / Renewable Diesel Production

NAICS

Petroleum and Coal Products Manufacturing (3241)

SIC

Petroleum Refining (2911)

akta.pro primary industry

Sustainable Aviation Fuel (SAF) Production (HEFA, FT, ATJ) (EUAAAHAE)

akta.pro secondary industries

Renewable Diesel (HVO/HEFA) Production (EUAAAHAD), Sustainable Aviation Fuel (SAF) & Alternative Fuels (e-fuels, biofuels, hydrogen) (THABANAA), Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD)

Keywords

• Sustainable aviation fuel
• Renewable diesel production
• HEFA biofuel technology
• Low-carbon fuel facilities
• Biomass feedstock refining

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Sustainable Aviation Fuel (SAF) Sales: Azure generates revenue through the production and sale of Sustainable Aviation Fuel to airlines and aviation fuel distributors. The company is structured as a project developer with offtake agreements. Facilities are planned to produce approximately 584mm liters of renewable fuels in Canada (with capacity to double) and 150mm gallons in the US.
2. Renewable Diesel Sales: Production and sale of Renewable Diesel (RD), a drop-in fuel made entirely from renewable sources that can be used in all diesel engines without blending. RD offers significant reductions in carbon emissions and particulate matter.
3. Byproduct Sales (Renewable Naphtha and Propane): Additional revenue streams from renewable naphtha (used in gasoline blending, plastics, and chemical productions) and renewable propane (powering vehicles, homes, and industries).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Azure Sustainable Fuels develops and operates large-scale renewable fuel production facilities that produce Sustainable Aviation Fuel (SAF) and Renewable Diesel (RD) using HEFA technology. The company converts agricultural feedstocks such as canola oil, soybean oil, tallow, distiller's corn oil, and used cooking oil into low-carbon drop-in transportation fuels. Four production facilities are under development across Canada (British Columbia, Manitoba, Ontario) and the United States (Kansas), with combined Canadian capacity of 584 million liters annually.

Product overview

Azure Sustainable Fuels Corp is developing a portfolio of renewable fuel production facilities across North America. The company's core products include Sustainable Aviation Fuel (SAF), produced through HEFA (Hydroprocessed Esters and Fatty Acids) technology, and Renewable Diesel (RD). SAF is designed as a drop-in replacement for conventional jet fuel that can reduce emissions by up to 80%, while Renewable Diesel is a 100% renewable drop-in replacement for conventional diesel. The company also produces Renewable Naphtha and Renewable Propane as co-products from the HEFA process. Facilities are planned for British Columbia (7Mile), Manitoba (Portage la Prairie), Ontario (Port Colborne), and Kansas (Liberty Plains), with combined Canadian production capacity of 584 million liters annually, expandable to 20,000 bbl/d.

Differentiator

Problem solved

Functional benefit

Products and services

• Sustainable Aviation Fuel (SAF) A low-carbon alternative to conventional jet fuel produced from renewable agricultural feedstocks such as canola oil, soybean oil, tallow, distiller's corn oil, and used cooking oil. Reduces lifecycle greenhouse gas emissions by up to 80% compared to fossil-based aviation fuels and can be blended up to 50% with conventional jet fuel. Sold to airlines and aviation fuel distributors via long-term offtake agreements.
• Renewable Diesel (RD) A drop-in fuel made entirely from 100% renewable sources that meets the same specifications as fossil diesel. Can be used in all diesel engines without blending, performs exceptionally well in cold weather, and offers significant reductions in carbon emissions and particulate matter. Powers trucks, trains, and heavy-duty vehicles.
• Renewable Naphtha A low-carbon liquid fuel made from renewable sources that can directly replace fossil naphtha in gasoline blending, plastics, and chemical productions while offering fewer emissions.
• Renewable Propane A sustainable, low-carbon fuel that serves as a drop-in replacement to conventional propane, produced from renewable feedstocks and offering the same performance with a much smaller carbon footprint. Used to power vehicles, homes, and industries.

Quantifiable outcome

• Up to 80% reduction in lifecycle GHG emissions compared to fossil jet fuel
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered strategic and core.

• Roundtable on Sustainable Biomaterials (RSB)strategicStrategic or Co-development Partner · 29 March 2024Azure joined RSB to support the aviation industry's transition towards a sustainable, bio-based, circular world. Through RSB membership, Azure ensures its SAF will be available to participants in the CORSIA ecosystem and collaborates on standards-setting and policy discussions.
• Shell Catalysts & TechnologiescoreTechnology or Integration · 18 January 2024Shell provides facility process technology through its Renewable Refining Process (SRRP). Azure selected SRRP technology for its flexibility in design to produce high yields of renewable diesel or SAF. Shell brings operational experience including learnings from its SAF/RD facility under construction in Pernis, Netherlands.
• RICHARD Design ServicescoreImplementation/ SI/ Consulting Partner · 18 January 2024Full-service EPC firm with significant experience in renewable diesel, SAF, and gasoline facilities. RICHARD has engineered, designed, and constructed the largest Renewable Fuels Grass Roots projects, bringing industry-leading experience to Azure's projects.
• CNcoreChannel Partner/ Reseller/ Distributor · 18 January 2024CN provides rail and transportation services through its 18,600-mile rail network connecting Canada's Eastern and Western coasts with the U.S. South. CN safely transports more than 300 million tons of goods annually and will enable Azure to reach key markets and customers of sustainable aviation fuel.
• Tkemlúps te SecwépemccoreStrategic or Co-development Partner · 18 January 2024Azure has partnered with Tkemlúps te Secwépemc in British Columbia to co-develop a facility on their ancestral lands. The partnership ensures the project is rooted in shared commitment to environmental sustainability, cultural preservation, and economic development. Discussions continue with Indigenous groups in Manitoba and Ontario.
• CapturePoint SolutionsstrategicTechnology or Integration · 20 December 2023Azure executed a letter of intent with CapturePoint Solutions to explore opportunity to tie-in to its existing carbon dioxide (CO2) sequestration network and infrastructure. This would support Azure's goal of producing SAF with the lowest emissions through CCUS integration.
• SavagecoreStrategic or Co-development Partner · 30 October 2023Strategic partnership with global supply chain company Savage and its agribusiness Bartlett. Savage provides infrastructure, transportation, logistics, and rail expertise. Jason Ray, President Infrastructure Sector at Savage, joined Azure's Board of Directors. Partnership positions Azure as a leading supplier of SAF in North America.
• BartlettcoreStrategic or Co-development Partner · 30 October 2023Bartlett, a Savage Company with 116+ years of experience in grain acquisition, storage, transportation, processing, and merchandising, provides agricultural feedstock expertise. Bartlett will supply feedstock for renewable fuels, leveraging its extensive grain handling and processing network across North America.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• SkyNRG: SAF-focused developer and supplier with proprietary technology programs (e.g., DSL01 in the Netherlands) and long-term airline offtake relationships. Comparable customer base and SAF-only focus, albeit with a different production pathway.
• Diamond Green Diesel: Joint venture between Valero and Darling Ingredients producing renewable diesel (with SAF capability) from waste fats, oils and greases. Closest North American analogue to Azure in feedstock strategy and refinery-style operations.
• Neste: World's largest producer of renewable diesel and SAF from waste and residue feedstocks using HEFA-based technology. Most direct comparable to Azure given identical production pathway, multi-site footprint, and offtake-driven B2B model.
• Aemetis: California-based renewable fuels company developing HEFA-based renewable diesel and SAF capacity. Comparable project-development model, agricultural feedstock strategy, and policy-driven economics.
• Gevo: U.S. renewable hydrocarbons company developing alcohol-to-jet SAF and renewable diesel. Comparable scale-up stage, offtake-driven model, and multi-product renewable fuel thesis, though using a different (ATJ) production pathway.
• World Energy: One of the earliest commercial SAF producers in North America, operating a HEFA-based facility in Paramount, California with airline offtake agreements. Highly comparable to Azure in product mix and customer base.
• Velocys: Developer of Fischer-Tropsch technology for converting waste and biomass into SAF and renewable diesel. Comparable project-development stage, modular facility design philosophy, and multi-product renewable fuels pitch to airlines and refiners.
• LanzaTech: Carbon-to-value company producing SAF via gasification and LanzaTech's proprietary microbial process (different pathway), with airline offtakes including United and Virgin Atlantic. Comparable SAF-only development focus and airline-customer base.

Broad incumbents

• Marathon Petroleum: Major U.S. fossil-fuel refiner investing in renewable diesel capacity and evaluating SAF opportunities. Overlaps with Azure in renewable fuels end-markets but operates a much broader refining portfolio.

Emerging players

• HIF Global: Emerging developer of e-fuels (e-methanol, e-gasoline, e-SAF) using green hydrogen and captured CO2. Comparable project-development stage and clean-fuel thesis, though using a power-to-liquid pathway rather than HEFA.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInca.linkedin.com/company/azuresf

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Azure Sustainable Fuels