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World Energy acquires AltAir's world-first commercial scale renewable jet fuel refinery

World Energy acquires AltAir's world-first commercial scale renewable jet fuel refinery | AltAir,World Energy

Mar 2018 – Boston-based World Energy has acquired Delek US Holdings’ interests in renewable jet fuel and renewable diesel producer AltAir Paramount in California for a reported $72 million. The purchase includes the Paramount refinery, the world’s first to supply renewable jet fuel on a commercial scale for customers such as United Airlines, Air Canada, Qantas and others. It produces in the region of 35 million gallons per year of renewable jet. “Supported by the frameworks of the national renewable fuel standard and California’s Low Carbon Fuels Standard programmes, AltAir converted a struggling petroleum refinery to one of the country’s most important renewable fuel refineries, while preserving and converting approximately 100 jobs to the green economy,” said Bryan Sherbacow, AltAir’s co-founder. “I am proud to have led the development of AltAir, excited to have facilitated this transaction with World Energy and am thrilled to join the company’s executive leadership team to make an even bigger impact in California, North America and beyond.”



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