科尔尼：可持续航空燃料的融资：案例分析与投资影响 ( 英文 44页)

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目录

前言 3

执行摘要 4

1 满足2030年需求的资本要求 6

1.1 满足2030年可持续航空燃料需求的生产能力要求 6

1.2 各生产路径的成本要求 10

1.3 满足2030年需求的投资需求 13

2 可持续航空燃料精炼厂的项目生命周期与资金需求 14

2.1 可持续航空燃料项目生命周期概述 14

2.2 项目生命周期中的筹资挑战 16

3 吸引更多资金投入可持续航空燃料生产设施的杠杆 19

杠杆1 申请研究/创新补助金以开发首创设施 20

杠杆2 利用多边开发银行的本地专业知识开拓发展中市场 21

杠杆3 获取担保或保险工具以增强信用状况 23

杠杆4 吸引战略行业投资者以构建未来扩展的生态系统 25

杠杆5 确保长期承购协议以通过最终投资决策 26

杠杆6 参与预订与声明以促进投资 29

杠杆7 吸引私募股权资本以实现快速扩张 32

杠杆8 吸引基础设施投资者以获取更便宜的资本 33

杠杆9 通过收费模式构建投资以吸引更多债务 35

杠杆10 发行绿色债券以吸引影响力投资者 36

结论 38

贡献者 40

尾注 42

Contents

Foreword 3

Executive summary 4

1 Capital requirements to meet 2030 demand 6

1.1 Capacity requirements to meet 2030 demand for SAF 6

1.2 Cost requirements by pathway 10

1.3 Investment needs to meet 2030 demand 13

2 The project lifecycle and funding needs of a SAF refinery 14

2.1 Overview of the SAF project lifecycle 14

2.2 Fundraising challenges across the project lifecycle 16

3 Levers for attracting more funding into a SAF production facility 19

Lever 1 Apply for research/innovation grants to develop first-of-a-kind facilities 20

Lever 2 Leverage local expertise of multilateral development banks to navigate developing markets 21

Lever 3 Secure guarantees or insurance instruments to enhance credit profile 23

Lever 4 Attract strategic industry investors to build  an ecosystem for future scale 25

Lever 5 Secure long-term offtake agreements to pass FID 26

Lever 6 Engage in book-and-claim to facilitate investments 29

Lever 7 Attract private equity capital to achieve rapid expansion 32

Lever 8 Attract infrastructure investors to access cheaper capital 33

Lever 9 Structure investment through a toller model to attract more debt 35

Lever 10 Issue green bonds to attract impact investors 36

Conclusion 38

Contributors 40

Endnotes 42