YPF(US:YPF) Zhong Guo Hua Gong Bao·2025-10-09 02:56Core Viewpoint - YPF, Argentina's state-owned oil company, announced a $400 million investment to establish a joint venture, Santa Fe Bio, for the production and sale of sustainable aviation fuel (SAF) in collaboration with Essential Energy [1] Group 1: Investment and Project Details - The project will be developed in two phases and is included in Argentina's large investment incentive program to secure funding support [1] - The joint venture will be based at YPF's San Lorenzo refinery, which is strategically located as a port city to facilitate the export of SAF to international markets [1] Group 2: Industry Context and Demand - The demand for SAF is rising as the aviation industry aims to achieve net-zero carbon emissions, with SAF considered a key pathway for this goal [1] - The aviation sector remains a significant source of carbon emissions, and SAF, derived from waste oils and crop residues, is a scarce resource, particularly in the Latin American region [1]