YPF to invest over $400 million in Argentine sustainable aviation fuel project
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YPF announced an investment of more than US$400 million to produce sustainable aviation fuel at its San Lorenzo complex in Santa Fe, Argentina.
The project, operated by Santa Fe Bio—a joint venture between YPF and Essential Energy—targets annual production of about 170,000 tonnes of SAF and HVO, with TotalEnergies agreeing to purchase all export‑intended SAF and holding a preference right on remaining volumes; export revenue is projected between US$300 million and US$1,000 million annually, while the pre‑treatment plant is 30% complete and the biorefinery is expected to start operating by the end of 2029.