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23 May 2017 - CAAFI’s Business team hosted a Seminars on Alternatives to Petroleum (SOAP)-Jet Webinar on May 19th. SOAP-Jet webinars are intended to provide a forum for members of the alternative jet fuel community to discuss progress and related gaps and challenges, share lessons learned, methodologies, and strategies in order to promote communication among stakeholders and enable commercialization of Sustainable Alternative Jet Fuel (SAJF). John May (Stern Brothers & Co.) and Tom Dickson (New Energy Risk) presented “The Latest De-risking Techniques for Commercial Scale Project Financing in Bio”. Closing financial investment for commercial SAJF production facilities is a major hurdle for large-scale production and deployment of SAJF. The webinar discussed a number of innovations in project finance created by Stern Brothers &Co. and New Energy Risk as part of their experience in working with bio-fuel and bio-refinery developers, including:
• tax-exempt bonds
• loan guarantees
• bonds in combination with USDA Loan Guarantee Programs
• technology risk insurance policy
• a finance mechanism that offers funding for a series of projects in a single transaction
The webinar was attended by more than 50 CAAFI members. To view the presentation click here.
John M. May, Managing Director, is Co-Head of the firm’s Renewable Energy Practice, which he founded in 2003. Stern Brothers & Co. (SB), a US investment bank, provides project financing for alternative jet fuel project developers who are seeking to build commercial scale plants globally. Thomas R. Dickson is the CEO of New Energy Risk (NER), a venture-backed managing general underwriter specializing in sourcing, underwriting and structuring performance insurance policies for new and renewable energy technology.
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