Overview

• YPF’s board approved the creation of Santa Fe Bio, a 50/50 joint venture with Essential Energy backed by a US$400 million investment to reconvert the idle San Lorenzo refinery into a next-generation biorefinery.
• Control, operation and maintenance of the new plant will be entrusted to Essential Energy, drawing on its experience in first- and second-generation biocombustibles.
• The venture is finalizing joint-venture contracts and RIGI applications with a planned announcement on the New York Stock Exchange.
• The project will roll out in two phases, starting with pre-treatment and initial SAF production facilities and targeting full-scale operations through 2030.
• Santa Fe Bio will leverage the Paraná-Paraguay waterway port terminal to position Argentina in the expanding sustainable aviation fuel market under tightening emissions mandates.