Strategic relationships with world class organizations are one of the keys to our success. We've established key strategic relationships with industry leaders throughout the waste-to-fuels value chain. Through these partnerships, Fulcrum has raised equity capital and entered into feedstock supply, technology, product offtake and fuel logistics agreements to support our vision for a network of waste-to-clean fuels plants across the U.S.
We have entered into long-term waste supply agreements with our waste services partners that provide us with the required landfill waste for our projects.
Waste Connections
WM
We have entered into long-term product offtake agreements with our strategic partners in the aviation industry. These agreements provide for Fulcrum to sell approximately 290 million gallons of net-zero carbon sustainable aviation fuel and other renewable fuels annually.
bp
Cathay Pacific
Japan Airlines
Marathon Petroleum
Marubeni
United Airlines
World Fuel Services
We enter into development and project license agreements with our strategic partners that allow for the development of waste to renewable transportation fuels projects around the world utilizing Fulcrum’s patented and proprietary process.
Blue Arrow Biojet Holdings
Marubeni
SK innovation
Fulcrum has entered into a 20-year waste supply agreement with an affiliate of Waste Connections, Inc. to provide waste for our Sierra BioFuels Plant. We have also entered into a 20-year waste supply agreement with an affiliate of Waste Connections to provide waste to our Centerpoint BioFuels Plant. Fulcrum also expects to partner with Waste Connections on future waste supply agreements as part of a long-term development agreement with Waste Connections that provides Fulcrum with the opportunity to access to landfill waste in geographic areas served by Waste Connections across North America. Waste Connections is also an equity investor in Fulcrum.
Waste Connections is a leading integrated solid waste services company and the premier provider of solid waste collection, transfer, recycling and disposal services, along with recycling and resource recovery, in mostly exclusive and secondary markets across the U.S. and Canada. Waste Connections also provides intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest.
In 2011, WM (previously known as Waste Management) became a valued equity investor in Fulcrum. Since the formation of this strategic relationship, we have entered into a long-term waste supply agreement with an affiliate of WM to provide landfill waste to our Sierra BioFuels Plant.
WM is North America’s largest comprehensive waste management environmental solutions provider. Through its subsidiaries, the company provides collection, recycling and disposal services to millions of residential, commercial, industrial and municipal customers throughout the U.S. and Canada. WM has the largest disposal network and collection fleet in North America, is the largest recycler of post-consumer materials and is the leader in beneficial reuse of landfill gas, with a growing network of renewable natural gas plants and the most gas-to-electricity plants in North America.
In November 2016, Fulcrum and bp formed a major strategic partnership that included a significant equity investment in Fulcrum by bp and a large, long-term sustainable aviation fuel offtake agreement with Air bp, the aviation division at bp. Air bp will also have the opportunity to provide fuel supply chain services for the blending, certification and delivery of Fulcrum's jet fuel to its aviation fuel customers.
bp operates in 70 countries worldwide. They find and produce oil and gas on land and offshore, move energy around the globe and manufacture and market fuels and raw materials used in thousands of everyday products, from mobile phones to food packaging.
Air bp is one of the world's largest suppliers of aviation fuel products and services currently supplying over seven billion gallons of jet fuel per year to customers around the world. Through its operations, Air bp supplies jet fuel at more than 800 locations in 50 countries -- fueling more than 6,000 flights every day.
In 2014, Cathay Pacific Airways Limited became the first airline to make an equity investment in Fulcrum. Cathay Pacific also entered into a long-term jet fuel supply agreement with Fulcrum for the delivery of sustainable aviation fuel produced at Fulcrum plants located across North America at locations strategic for Cathay Pacific.
Cathay Pacific is the home airline of Hong Kong, providing both passenger and cargo services to destinations in Asia, North America, Australia, Europe and Africa. The airline recently published its 2021 Sustainability Report that addresses its commitment and progress in the areas of environmental, social and governance. Cathay Pacific is committed to achieving net-zero carbon emissions by 2050, including targeting 10% sustainable aviation fuel use for its flights by 2030.
In 2018, Japan Airlines became an equity investor in Fulcrum and important strategic partner, which included entering into a long-term sustainable aviation fuel agreement.
Japan Airlines was founded in 1951 and became the first international airline in Japan. A member of the oneworld®alliance, the airline now reaches 349 airports in 52 countries together with its codeshare partners with a modern fleet of 230 aircraft.
Fulcrum and Marathon Petroleum Corporation have executed a product offtake agreement for the sale of all of Fulcrum's FT syncrude from the Sierra BioFuels Plant to a Marathon west coast refinery.
Marathon Petroleum Corporation is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. The company’s marketing system includes branded locations across the United States, including Marathon brand retail outlets. Marathon also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.
In 2018, Marubeni Corporation became an equity investor in Fulcrum and a valued strategic partner. As part of the strategic relationship, Fulcrum and Marubeni entered into a long-term sustainable aviation fuel offtake agreement along with an international project development agreement which provides for the opportunity to develop and license waste to fuels projects outside of the U.S.
Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct various business activities including, food, agricultural business, forest products, chemicals, metals & mineral resources, energy, power, infrastructure project, aerospace & ship, finance, leasing & real estate business, construction, industrial machinery and mobility, next generation business development and next generation corporate development.
In June 2015, Fulcrum and United Airlines announced a strategic partnership that is a major advancement for Fulcrum, United and the airline industry. United became a major equity investor in Fulcrum and entered into an agreement to jointly develop strategically located waste-to-jet fuel plants across North America. Fulcrum will also provide United with sustainable aviation fuel annually through long-term fuel offtake agreements.
Operating a modern fleet that is the most fuel efficient among U.S. network carriers, United has the world's most comprehensive global route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington D.C.
World Fuel Services (WFS) became an equity investor and future sustainable aviation fuel offtake customer to Fulcrum in 2017. Under a long-term fuel offtake agreement, Fulcrum will sell jet fuel to WFS, while WFS will provide fuel transportation, blending, certification and delivery services.
WFS is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. WFS sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
In 2017, Blue Arrow Biojet Holdings became an equity investor in Fulcrum and an important development partner. Fulcrum and Blue Arrow have entered into a development and license agreement providing Blue Arrow the exclusive opportunity to develop waste to renewable fuels projects in Mexico and Brazil and in select countries around the world.
Blue Arrow is a leading developer of large municipal solid waste to fuels projects in Mexico, Brazil and other countries outside of the U.S. and is currently in active development on multiple projects.
In 2018, Marubeni Corporation became an equity investor in Fulcrum and a valued strategic partner. As part of the strategic relationship, Fulcrum and Marubeni entered into a long-term sustainable aviation fuel offtake agreement along with an international project development agreement which provides for the opportunity to develop and license waste to fuels projects outside of the U.S.
Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct various business activities including, food, agricultural business, forest products, chemicals, metals & mineral resources, energy, power, infrastructure project, aerospace & ship, finance, leasing & real estate business, construction, industrial machinery and mobility, next generation business development and next generation corporate development.
In 2022, SK innovation became an equity investor in Fulcrum and entered into a strategic partner relationship with the opportunity to enter into an exclusive licensing agreement providing SK the opportunity to explore the possibilities of bringing Fulcrum’s patented and proprietary waste to fuels process to South Korea and select countries in Asia.
SK innovation is the energy arm of South Korea's SK Group and operates South Korea's largest refinery as well as petrochemical, e-mobility battery and information electronic materials businesses.