Infinium Project Roadrunner (Texas, US)CASE STUDY 12 Description Commercial-scale e-fuels plant producing e-SAF, e-diesel and e-naphtha. The project represents one of the first integrated efforts in the US to combine renewable power, captured CO2 and advanced electrolysis for commercial e-fuel production. Solutions –Value chain coordination: Integration across power, hydrogen, CO2 and offtake partners to de-risk a nascent e-fuels market. –Financing structure: Combination of equity financing from Brookfield Asset Management and Breakthrough Energy Catalyst, plus debt financing from HSBC under a project-based credit arrangement. –Power and technology partnerships: 150 MW of new wind power secured via PPA with NextEra Energy Resources; 100 MW proton exchange membrane electrolysers supplied by Electric Hydrogen;69 CO2 feedstock from Kinetik Holdings; fabrication partnership with Titan Production Equipment. –Offtake certainty: 10-year e-SAF supply agreements signed with American Airlines and International Airlines Group (IAG) to support bankability. –Cross-sector product optionality: e-SAF for aviation, e-diesel for maritime and heavy-duty transport, and e-naphtha for low-carbon plastics. Impact –Over $275 million in equity investment secured, with additional debt financing committed. –23,000 tonnes per annum combined nameplate capacity of e-SAF, e-diesel and e-naphtha. –FID in 2025; commissioning expected in 2027 (currently under construction). –Creation of hundreds of skilled jobs in West Texas during construction and operations. Sources: Energy Impact Partners, Infinium.70 Fuelling the Future: How Business, Finance and Policy can Accelerate the Clean Fuels Market 38

Fuelling the Future 2026