Azure Sustainable Fuels Corp. is a Canadian-based startup that focuses on developing low carbon fuels for the aviation industry. The company's sustainability mission is encapsulated in its slogan: "A leading Canadian developer of low carbon fuels for the aviation industry, leveraging Canadian skillsets and resources." Founded in 2021, Azure is pioneering the development of a sustainable aviation fuel (SAF) production facility which is set to commence operations in early 2026. Azure's approach involves leveraging a proven and operational technology that offers flexibility and operational optionality. The company has also established strategic partnerships and long-term arrangements to ensure both environmental and financial sustainability. Moreover, Azure benefits from strong financial backing and is led by a team with a track record of successfully developing and selling a Canadian-based renewable diesel project. In March 2024, the company secured a $5.00M grant from Natural Resources Canada, highlighting the government's interest and support for sustainable initiatives. Azure Sustainable Fuels Corp. operates in the Sustainability and Clean Energy sectors and is headquartered in Canada. This sustainable fuel startup has positioned itself as a trailblazer in the transition towards greener aviation solutions, benefiting both the environment and the economy. With strategic partnerships, strong financial support, and a proven track record, Azure Sustainable Fuels Corp. stands poised to make a significant impact in the aviation industry.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $5.00M | 1 | Natural Resources Canada | 08 Mar 2024 |
Seed Round | $168.00K | - | 17 Oct 2023 |
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