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Brookfield to Invest Up to $1.1 Billion in Infinium to Scale Ultra-Low Carbon eFuels

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Brookfield Asset Management (NYSE: BAM, TSX: BAM) has announced a strategic funding partnership with Infinium, committing to invest up to $1.1 billion to accelerate the growth of Infinium's eFuels platform. The investment includes $200 million in Infinium and its Project Roadrunner in West Texas, with up to an additional $850 million for global eFuels projects deployment. Infinium's eFuels, including eSAF (sustainable aviation fuel), can reduce lifecycle greenhouse gas emissions by approximately 90% or more compared to conventional fuels.

The investment will be made through Brookfield's Global Transition Fund and marks its first direct investment in sustainable aviation fuel. Infinium recently secured a deal with American Airlines to supply commercial volumes of eSAF starting in 2026. Project Roadrunner will also produce eNaphtha for plastics manufacturing and eDiesel for long-haul trucking and maritime applications.

Brookfield Asset Management (NYSE: BAM, TSX: BAM) ha annunciato una partnership strategica di finanziamento con Infinium, impegnandosi a investire fino a 1,1 miliardi di dollari per accelerare la crescita della piattaforma eFuels di Infinium. L'investimento include 200 milioni di dollari in Infinium e nel suo progetto Roadrunner in West Texas, con ulteriori 850 milioni di dollari dedicati allo sviluppo di progetti globali di eFuels. Gli eFuels di Infinium, compreso l'eSAF (carburante sostenibile per l'aviazione), possono ridurre le emissioni di gas serra nel ciclo di vita di circa il 90% o più rispetto ai carburanti convenzionali.

L'investimento sarà effettuato attraverso il Global Transition Fund di Brookfield e segna il suo primo investimento diretto nel carburante sostenibile per l'aviazione. Infinium ha di recente siglato un accordo con American Airlines per fornire volumi commerciali di eSAF a partire dal 2026. Il progetto Roadrunner produrrà inoltre eNaphtha per la produzione di plastica e eDiesel per trasporti a lungo raggio e applicazioni marittime.

Brookfield Asset Management (NYSE: BAM, TSX: BAM) ha anunciado una asociación estratégica de financiamiento con Infinium, comprometiéndose a invertir hasta 1.1 mil millones de dólares para acelerar el crecimiento de la plataforma eFuels de Infinium. La inversión incluye 200 millones de dólares en Infinium y su Proyecto Roadrunner en West Texas, con hasta 850 millones de dólares adicionales para la implementación de proyectos de eFuels a nivel global. Los eFuels de Infinium, incluido el eSAF (combustible sostenible para la aviación), pueden reducir las emisiones de gases de efecto invernadero durante su ciclo de vida en aproximadamente 90% o más en comparación con los combustibles convencionales.

La inversión se realizará a través del Global Transition Fund de Brookfield y marca su primera inversión directa en combustible sostenible para aviación. Infinium recientemente aseguró un acuerdo con American Airlines para suministrar volúmenes comerciales de eSAF a partir de 2026. El Proyecto Roadrunner también producirá eNaphtha para la fabricación de plásticos y eDiesel para el transporte de larga distancia y aplicaciones marítimas.

브룩필드 자산관리(Brookfield Asset Management, NYSE: BAM, TSX: BAM)는 인피니움(Infinium)과 전략적 자금 파트너십을 발표하며, 인피니움의 eFuels 플랫폼의 성장을 가속화하기 위해 최대 11억 달러를 투자할 계획이라고 밝혔습니다. 이번 투자는 인피니움과 서부 텍사스의 로드러너 프로젝트에 2억 달러를 포함하며, 글로벌 eFuels 프로젝트 배포를 위해 최대 8억 5천만 달러를 추가로 투자할 예정입니다. 인피니움의 eFuels, 특히 eSAF(지속 가능한 항공 연료)는 기존 연료에 비해 전체 생애 주기 동안 온실가스 배출량을 약 90% 이상 줄일 수 있습니다.

이번 투자는 브룩필드의 글로벌 전환 기금을 통해 이루어지며 지속 가능한 항공 연료에 대한 첫 번째 직접 투자로 기록됩니다. 인피니움은 최근 아메리칸 항공과 2026년부터 eSAF의 상업적 물량을 공급하기 위한 계약을 체결했습니다. 로드러너 프로젝트는 또한 플라스틱 제조를 위한 eNaphtha와 장거리 트럭 운송 및 해양 응용 분야를 위한 eDiesel을 생산할 것입니다.

Brookfield Asset Management (NYSE: BAM, TSX: BAM) a annoncé un partenariat stratégique de financement avec Infinium, s'engageant à investir jusqu'à 1,1 milliard de dollars pour accélérer la croissance de la plateforme eFuels d'Infinium. L'investissement comprend 200 millions de dollars dans Infinium et son projet Roadrunner au Texas occidental, avec jusqu'à 850 millions de dollars supplémentaires pour le déploiement de projets eFuels à l'échelle mondiale. Les eFuels d'Infinium, y compris l'eSAF (carburant d'aviation durable), peuvent réduire les émissions de gaz à effet de serre sur l'ensemble de leur cycle de vie d'environ 90% ou plus par rapport aux carburants conventionnels.

L'investissement sera réalisé par le biais du Global Transition Fund de Brookfield et marque son premier investissement direct dans les carburants d'aviation durables. Infinium a récemment conclu un accord avec American Airlines pour fournir des volumes commerciaux d'eSAF à partir de 2026. Le projet Roadrunner produira également de l'eNaphtha pour la fabrication de plastiques et de l'eDiesel pour les applications de transport longue distance et maritimes.

Brookfield Asset Management (NYSE: BAM, TSX: BAM) hat eine strategische Finanzierungspartnerschaft mit Infinium angekündigt und sich verpflichtet, bis zu 1,1 Milliarden Dollar zu investieren, um das Wachstum der eFuels-Plattform von Infinium zu beschleunigen. Die Investition umfasst 200 Millionen Dollar in Infinium und dessen Projekt Roadrunner in West-Texas, sowie bis zu 850 Millionen Dollar für den weltweiten Einsatz von eFuels-Projekten. Die eFuels von Infinium, einschließlich eSAF (nachhaltiger Flugkraftstoff), können die Treibhausgasemissionen über den gesamten Lebenszyklus um etwa 90% oder mehr im Vergleich zu herkömmlichen Kraftstoffen reduzieren.

Die Investition wird über den Global Transition Fund von Brookfield getätigt und markiert die erste direkte Investition in nachhaltigen Flugkraftstoff. Infinium hat kürzlich einen Vertrag mit American Airlines abgeschlossen, um ab 2026 kommerzielle Mengen an eSAF zu liefern. Das Projekt Roadrunner wird außerdem eNaphtha zur Kunststoffherstellung und eDiesel für den Ferntransport und maritime Anwendungen produzieren.

Positive
  • Brookfield's commitment to invest up to $1.1 billion in Infinium's eFuels platform
  • Infinium's eFuels can reduce lifecycle greenhouse gas emissions by approximately 90% or more
  • Strategic deal with American Airlines for commercial volumes of eSAF starting in 2026
  • Production of eNaphtha and eDiesel for additional hard-to-electrify sectors
Negative
  • None.

Insights

Brookfield's investment of up to $1.1 billion in Infinium is a significant move in the sustainable aviation fuel (SAF) market. This deal demonstrates strong investor confidence in eFuels technology and its potential to decarbonize hard-to-abate sectors. The $200 million commitment to Project Roadrunner, with an additional $850 million for global projects, indicates a long-term strategic partnership.

The offtake agreement with American Airlines starting in 2026 provides revenue visibility and validates the commercial viability of Infinium's eSAF. This partnership structure, combining upfront investment with future project funding, mitigates risks while allowing for scalable growth. Investors should note the potential for attractive risk-adjusted returns mentioned by Brookfield, suggesting confidence in the eFuels market's profitability.

Infinium's eFuels technology, claiming to reduce lifecycle greenhouse gas emissions by ~90% or more compared to conventional fuels, represents a significant leap in sustainable fuel solutions. The "drop-in" nature of these fuels is crucial, allowing immediate use without infrastructure changes. This advantage positions Infinium favorably in the race to decarbonize aviation, shipping and long-haul trucking.

The production of eNaphtha for plastics manufacturing adds diversification to Infinium's portfolio, addressing another hard-to-decarbonize sector. However, investors should be aware that the scalability and cost-effectiveness of eFuels production will be critical factors in determining long-term success, especially as competing technologies like direct air capture and green hydrogen continue to evolve.

The eFuels market is poised for significant growth, driven by increasing corporate sustainability commitments and regulatory pressures in the aviation industry. Infinium's early mover advantage, evidenced by their claim as the "world's first producer of commercially available ultra-low carbon eFuels," positions them well in this emerging market. The partnership with American Airlines signals strong demand from major industry players.

However, investors should monitor potential challenges such as scaling production capacity, managing production costs and competing with other SAF technologies. The mention of a "structurally short eFuels market" suggests a supply-demand imbalance, which could drive favorable pricing dynamics for producers like Infinium in the near term, but may also attract increased competition.

New investments secured for Infinium and company's Project Roadrunner production plant to accelerate availability of sustainable aviation fuel

SACRAMENTO, Calif., Sept. 10, 2024 /PRNewswire/ -- Infinium, the world's first producer of commercially available ultra-low carbon eFuels, and Brookfield Asset Management (NYSE: BAM, TSX: BAM) ("Brookfield") today announced a strategic funding partnership to accelerate the growth of Infinium's eFuels platform. Infinium eFuels—which includes eSAF, a next generation sustainable aviation fuel—can reduce lifecycle greenhouse gas emissions by approximately 90% or more compared to today's conventional fuels.

Brookfield to invest up to $1.1 billion in Infinium to advance eFuels production.

Under the terms of the deal, Brookfield has committed to invest more than $200 million in Infinium and Infinium's Project Roadrunner that is under development in West Texas and up to an additional $850 million for deployment of other Infinium eFuels projects globally, all subject to pre-agreed metrics. The investment will be made by the first vintage of the Brookfield Global Transition Fund ("BGTF I") and marks Brookfield's first direct investment in sustainable aviation fuel. Brookfield will also serve as lead in Infinium's Series C Preferred Stock offering.

"Brookfield is a tremendous partner, and we are thrilled to secure this additional capital as we scale eSAF production to meet the overwhelming demand from the aviation industry," stated Infinium CEO Robert Schuetzle. "Our Project Pathfinder site was the first to bring commercial volumes of eFuels to market, and Project Roadrunner brings additional volumes of eFuels to scale global supplies. As our airline partners continue to push for more SAF and decarbonization options, Infinium remains committed to accelerating production to help meet those demands."

Infinium eSAF is the newest generation of sustainable aviation fuel and is produced through a proprietary process that combines water, waste CO2 and renewable energy to produce ultra-low carbon fuels including eSAF, eDiesel and eNaphtha. eFuels are "drop-in" replacements for today's fossil-based fuels and can be used without changes to engines or infrastructure in planes, ships, trucks and manufacturing processes.  

Infinium recently announced a strategic deal with American Airlines, in which American will purchase commercial volumes of Infinium eSAF starting in 2026 produced by Project Roadrunner. The agreement helps secure offtake for Project Roadrunner and fuel for American to help decarbonize its airplane fleet while meeting its aggressive sustainability goals.

The Project Roadrunner site will also produce eNaphtha, which can be used in plastics manufacturing, and eDiesel, which can be used in long-haul trucking and maritime applications—sectors which are harder to electrify. Infinium is progressing a number of offtake contracts for the remainder of the plant's capacity that it expects to announce in due course.

"We are very excited to be partnering with Infinium, a leader in the development and production of ultra-low carbon intensity drop in fuel alternatives. Our investment is structured to provide the capital Infinium needs to accelerate the production of sustainable aviation fuels to meet the growing demand from corporate customers while generating attractive risk-adjusted returns for Brookfield," said Jehangir Vevaina, Managing Partner at Brookfield. "In addition to Roadrunner, Infinium has a large pipeline of well positioned projects to help meet the demand for the structurally short eFuels market, and we are looking forward to the opportunity to participate in the development of further eFuels projects through follow-on investments." 

Brookfield joins existing Roadrunner backer Breakthrough Energy Catalyst, who previously made a $75 million conditional commitment to Infinium's Project Roadrunner. The Breakthrough team has served as a driving force in supporting Roadrunner's progress and provided expertise to Infinium as they created an investable project structure.

"Our investors continue to demonstrate their confidence in Infinium and the huge potential for eFuels in the marketplace," added Schuetzle. "The global supply chain is in desperate need of decarbonization, and solutions like eSAF are the answer."

About Infinium

Infinium is an electrofuels provider on a mission to decarbonize the world. Electrofuels, also known as eFuels, are a new class of synthetic fuels created using renewable power and waste carbon dioxide, not petroleum or resources that compete with food. Infinium eFuels such as eSAF jet fuel and eDiesel can be dropped into existing planes, trucks and ships, significantly reducing harmful carbon dioxide emissions compared to fossil-based fuels. In addition to helping the transport industry meet carbon reduction goals, Infinium eNaphtha is a lower carbon alternative for chemical processing, including plastics production. Learn why Amazon, American Airlines, Citi and other leading cleantech innovators have chosen Infinium at www.infiniumco.com.

About Brookfield

Brookfield Asset Management (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with approximately $1 trillion of assets under management. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

Brookfield operates Brookfield Renewable Partners (NYSE: BEP, TSX: BEP), one of the world's largest publicly platforms for renewable power and sustainable solutions. Our renewable power portfolio totals over 34,000 megawatts and our development pipeline stands at approximately 200,000 megawatts. Our portfolio of sustainable solutions assets includes our investments in Westinghouse (a leading global nuclear services business) and a utility and independent power producer with operations in the Caribbean and Latin America, as well as both operating assets and a development pipeline of carbon capture and storage capacity, agricultural renewable natural gas and materials recycling.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/brookfield-to-invest-up-to-1-1-billion-in-infinium-to-scale-ultra-low-carbon-efuels-302243377.html

SOURCE Infinium

FAQ

How much is Brookfield Asset Management (BAM) investing in Infinium?

Brookfield Asset Management (BAM) is investing up to $1.1 billion in Infinium, with $200 million committed to Infinium and Project Roadrunner, and up to an additional $850 million for global eFuels projects deployment.

What is the environmental impact of Infinium's eFuels compared to conventional fuels?

Infinium's eFuels, including eSAF (sustainable aviation fuel), can reduce lifecycle greenhouse gas emissions by approximately 90% or more compared to today's conventional fuels.

When will Infinium start supplying eSAF to American Airlines under their recent deal?

Infinium will start supplying commercial volumes of eSAF to American Airlines in 2026, produced by Project Roadrunner.

What other products will Infinium's Project Roadrunner produce besides eSAF?

In addition to eSAF, Project Roadrunner will produce eNaphtha for plastics manufacturing and eDiesel for long-haul trucking and maritime applications.

Brookfield Asset Management Ltd.

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