Summit Next Gen recently closed on its site for the development of a planned ethanol-to-jet sustainable aviation fuel (“SAF”) production platform that will be the largest in the world.

The 60-acre site is located on the Houston Ship Channel to leverage existing and planned marine, pipeline, rail and other logistics infrastructure to source ethanol feedstock for the facility and deliver produced SAF to major demand markets.

“Summit Next Gen’s ongoing success represents a continuation of our strategy to leverage our deep roots in the agricultural and ethanol industries to drive substantial value creation for all of our stakeholders, including the many communities in which we live, invest and operate,” said Bruce Rastetter, Founder and Executive Chairman of Summit Agricultural Group. “The completion of this project and commencement of operations will facilitate the creation of the first at-scale ETJ SAF production facility providing critical new markets for our agricultural and ethanol feedstock partners and helping to bridge the supply shortage of SAF globally, as demand for continued decarbonization efforts for the aviation industry exponentially increase.”

In June 2024, Robert Halpin was named Chief Executive Officer for Summit Next Gen, having previously spent over a decade in various executive roles at Crestwood Equity Partners, a publicly traded energy midstream infrastructure company, most recently serving as President.