What prompted a company to choose Moorhead for a $5 billion aviation fuel plant? [Yahoo! Finance]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: Yahoo! Finance
DG Fuels, a U.S.-owned sustainable aviation fuel, or SAF, company, has selected Moorhead as the site of a facility to make agricultural and timber waste into low-carbon aviation fuel. According to DG Fuels, the proposed facility will produce 193 million gallons of fuel annually and is expected to begin production in 2030. If the $5 billion facility in Moorhead is built, it would be a massive investment into the city. Moorhead, including residential and commercial properties, has a value of just over $4 billion, according to Derrick LaPoint, president and CEO of Downtown Moorhead Inc. In addition to the hundreds of acres of open, city-owned land in Moorhead, Minnesota has a lot to offer companies hoping to produce SAF in the state, including a tax credit and a budding supply chain committed to purchasing the fuel. DG Fuels did not respond to a request for comment on this story. Sen. Rob Kupec, DFL-Moorhead, was a co-author of the bill that gives companies a tax credit
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DAL
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- 10/10/24 - Miss
DAL
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form 4
- 11/7/24 - Form 4
- DAL's page on the SEC website