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YPF to produce Argentina's first sustainable aviation fuel with TotalEnergies
YPF, Argentina's state-majority oil company, confirmed on October 7 that the country will produce sustainable aviation fuel for the first time. Under a long-term deal with TotalEnergies, the French group will invest more than $400 million to convert the San Lorenzo refinery in Santa Fe province — idle since 2017 — into a biorefinery focused on SAF and renewable diesel, operated by Santa Fe Bio, a 50/50 joint venture between YPF and Essential Energy. The plant is expected to produce about 170,000 tonnes a year of SAF, HVO and other renewable fuels, with TotalEnergies buying most of the output. Construction runs in two phases: a pretreatment unit (about 30% advanced) and the final biorefinery, with operations targeted for the end of 2029.