Primus Green Energy Nears Fuel Deal With Airline, CEO Says
This article is for subscribers only.
Primus Green Energy Inc., a biofuel company backed by Israel Corp., expects to sign a deal this month to sell natural gas-based jet fuel to a global airline.
The agreement will help Primus raise private debt and equity to build a $180 million commercial plant next year in the southern U.S., Chief Executive Officer Robert Johnsen said. The airline would help Primus in getting the fuel certified, possibly by the end of 2015, for use in first commercial flights a year later, he said.