-- Allied Biofuels said Thursday that it had secured a presidential decree for a $6.08 billion Uzbekistan project to produce over 160,000 metric tons of sustainable aviation fuel annually.
Allied Biofuels and the Khorezm regional government signed a binding Project Implementation Agreement, formalizing a long-term commitment to develop a major cross-border clean energy initiative.
The agreement is backed by a presidential decree granting Special Economic Zone status, including tax exemptions and customs incentives, providing long-term policy certainty for the project's development phases.
The planned facility will produce 160,400 metric tons of sustainable aviation fuel, 257,000 metric tons of electro-synthetic SAF, and 5,040 metric tons of green diesel annually at full capacity.
Total investment is estimated at about $6.08 billion over five years, positioning the development as one of the largest clean energy infrastructure commitments in Central Asia, according to the company.
The project will be powered by a 4.45 gigawatt renewable energy system, including a 1,600 megawatt-hour battery storage system and 2,400 megawatts of electrolyzer capacity for green hydrogen, with Plug Power selected as the technology provider.
The company said it will also integrate carbon capture by converting biogenic carbon dioxide into fuel while processing about 5,775 metric tons of agricultural feedstock daily in a closed-loop production model.
Officials described the agreement as a "watershed moment," signaling Uzbekistan's ambition to attract global capital and establish itself as a hub for advanced clean energy projects.
The deal was signed Apr. 2 in Perth by Khorezm Governor Rakhimov Jurabek Rakhimovich and Allied Biofuels Chairman Alfred Benedict, alongside a senior Uzbek delegation.
The project is expected to create about 2,000 jobs during construction and position the Khorezm region as a key player in the global transition toward sustainable industrial and energy systems.