Wedoany.com Report-Feb 26, Air Products announced on February 24, 2025, that it has ended its agreement with World Energy for a sustainable aviation fuel (SAF) expansion project in Paramount, California. World Energy clarified that the decision does not impact ongoing operations at the Paramount facility.

In April 2022, Air Products revealed plans to collaborate with World Energy on a $2 billion expansion at the Paramount SAF production and distribution hub. The initiative aimed to increase SAF capacity at the site to 340 million gallons per year.

Following a review led by Air Products’ newly appointed board of directors and CEO, the company decided to withdraw from three U.S. projects, including the World Energy expansion. Air Products stated on February 24 that it has formally terminated the agreement and is overseeing its departure from the site. The company explained: “The decision to exit reflects challenging commercial aspects surrounding the expansion project and current operations.”

World Energy responded with its own statement: “Air Products has a newly-elected board of directors and CEO who have been reviewing their portfolio of projects. World Energy has been well aware of this, and we are fully prepared to work with them to facilitate their exit. We remain committed to producing biofuels, including sustainable aviation fuel (SAF), at the Paramount facility. The facility is currently producing SAF at its highest rate ever and we hope to continue increasing that output.”

World Energy emphasized that the Paramount refinery’s current activities remain unaffected. The company is now prioritizing a seamless transition as Air Products steps away from the expansion effort.

The termination marks a shift in plans for the Paramount site, originally set to enhance SAF production capacity significantly. Air Products’ exit stems from a strategic reassessment, while World Energy continues its focus on maintaining and potentially growing SAF output at the existing facility. Both companies are coordinating to manage the change effectively, ensuring operational stability at the California location.