Latham & Watkins represented Alder Fuels in the investment
Avfuel Corporation has announced a multimillion-dollar investment in Alder Fuels—a clean tech company pioneering first-of-its-kind technologies for producing sustainable aviation fuel (SAF) at scale.
Alder Fuels converts biomass, such as regenerative grasses and forest and agricultural residues, into sustainable, low-carbon crude oil that replaces fossil crude in existing refineries producing aviation fuel.
Avfuel provides fuel and services—including sustainable fuel and initiatives—to the global aviation industry and is the leading independent supplier in the United States. Established as a supply and logistics company nearly 50 years ago, Avfuel is core competent in every aspect that surrounds the delivery of fuel—from refinery to wingtip.
Latham & Watkins represented Alder Fuels in the investment with a corporate deal team led by partners Jim Morrone (Picture), Justin Stolte, and Jonathan Castelan, with assistance from associates Ajay Sundar, Billy Wu, and Sam Bentley.
Involved fees earner: Sam Bentley – Latham & Watkins; Jonathan Castelan – Latham & Watkins; Jim Morrone – Latham & Watkins; Justin Stolte – Latham & Watkins; Ajay Sundar – Latham & Watkins; Xiaohan Wu – Latham & Watkins;
Law Firms: Latham & Watkins;
Clients: Alder Fuels;