VACHERIE, La. (press release) – DG Fuels, a sustainable aviation fuel company, has been included on a list of the 50 Hottest Companies in the Bioeconomy for the second consecutive year. The Washington, D.C.-based company, which hopes to create a $4.96 billion sustainable facility in St. James Parish, uses proprietary processes and technology to create sustainable aviation fuel from plant waste.
The annual ranking is presented by The Biofuels Digest, a publication in the sector that claims a global readership of more than 6.1 million.
“We are pleased to be recognized alongside distinguished colleagues in the bioeconomy field,” said Michael C. Darcy, CEO of DG Fuels, in a press release. “This acknowledgment reflects DG Fuels’ diligent efforts and commitment to global sustainability endeavors as we deploy our scalable and highly efficient SAF technology.”
The 50 Hottest Companies in the Bioeconomy is an annual ranking that highlights companies making contributions to the bio-based economy. Areas of focus include biofuels, bioproducts and renewable chemicals. The list is compiled based on votes from industry experts and peers.
A DG Fuels spokesperson said its proposed St. James facility will produce enough fuel, after blending, to power more than 30,000 transatlantic flights a year.
The company has proposed committing $26 million to community programs and philanthropic organizations. In February, the St. James Parish Council endorsed the plan. A spokesperson said the company will continue to engage with its neighbors and local leaders as it seeks approval for the project.
According to company data, the fully operational clean energy project could create 650 direct permanent jobs and a total of 1,397 indirect jobs in St. James Parish.
