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Latham Advises Alder Fuels in Clean Tech Investment With Directional Aviation

September 15, 2022
A corporate deal team advises the clean tech developer and greencrude producer in the transaction.

Directional Aviation has announced that it is making a financial investment in Alder Fuels, a clean tech developer and greencrude producer. As part of the agreement, the two companies also will pilot a pioneering blockchain-powered transparency tool to document the production life cycle and industry adoption of low-carbon SAF. The state-of-the-art tool will assist with transparency around the production of SAF and provide robust documentation for compliance with regulatory programs, environment, social and governance (ESG) targets, and carbon reduction milestones for the aviation sector.

Latham & Watkins LLP represents Adler Fuels in the transaction with a corporate deal team led by Bay Area partner Jim Morrone and Houston partner Justin Stolte and Bay Area associates Ajay Sundar and Billy Wu. Advice was also provided on other transactional matters by New York partner Steven Betensky.

The firm has also advised Alder Fuels on its Aviation Biofuels venture with United and Honeywell, and its clean tech investment from Avfuel Corporation.