Brookfield to Invest Up to $1.1 Billion in Infinium to Scale Ultra-Low Carbon eFuels USA - English USA

SACRAMENTO, Calif., Sept. 10, 2024 (PRNewswire) - Infinium, the world’s first producer of commercially available ultra-low carbon eFuels, and Brookfield Asset Management (NYSE: BAM, TSX: BAM) ("Brookfield"), today announced a strategic funding partnership to expand Infinium’s eFuels platform. Infinium eFuels, including eSAF, a next-gen sustainable aviation fuel, can reduce greenhouse gas emissions by about 90% compared to current fuels.

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Under the deal, Brookfield will invest over $200 million in Infinium and its Project Roadrunner, with an additional $850 million for future eFuels projects. This marks Brookfield's first direct investment in sustainable aviation fuel.

"Brookfield is a tremendous partner," said Infinium CEO Robert Schuetzle, emphasizing the capital’s role in scaling eSAF production to meet industry demand. Project Roadrunner will also produce eNaphtha and eDiesel, useful for sectors like trucking and maritime.

In a recent deal, American Airlines committed to purchasing Infinium eSAF starting in 2026, reinforcing Project Roadrunner’s impact in decarbonizing aviation.

About Infinium

Infinium is an electrofuels provider on a mission to decarbonize the world. Electrofuels, also known as eFuels, are a new class of synthetic fuels created using renewable power and waste carbon dioxide, not petroleum or resources that compete with food. Infinium eFuels such as eSAF jet fuel and eDiesel can be dropped into existing planes, trucks and ships, significantly reducing harmful carbon dioxide emissions compared to fossil-based fuels. In addition to helping the transport industry meet carbon reduction goals, Infinium eNaphtha is a lower carbon alternative for chemical processing, including plastics production. Learn why Amazon, American Airlines, Citi and other leading cleantech innovators have chosen Infinium at www.infiniumco.com.

About Brookfield

Brookfield Asset Management (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with approximately $1 trillion of assets under management. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

Brookfield operates Brookfield Renewable Partners (NYSE: BEP, TSX: BEP), one of the world's largest publicly platforms for renewable power and sustainable solutions. Our renewable power portfolio totals over 34,000 megawatts and our development pipeline stands at approximately 200,000 megawatts. Our portfolio of sustainable solutions assets includes our investments in Westinghouse (a leading global nuclear services business) and a utility and independent power producer with operations in the Caribbean and Latin America, as well as both operating assets and a development pipeline of carbon capture and storage capacity, agricultural renewable natural gas and materials recycling.