Project Phoenix: A New Era in Sustainable Aviation
A business case for acquiring the Lindsey Oil Refinery and converting it into a pioneering European hub for Lower Carbon Aviation Fuel (LCAF), securing UK jobs and spearheading the green aviation transition.
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Projected Annual Revenue
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Tonnes Annual LCAF Production
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Skilled Jobs Secured
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Reduction in Contrail Impact
A Unique Convergence of Factors
The investment thesis for Project Phoenix is founded upon four mutually reinforcing pillars, creating an opportunity of exceptional strategic and commercial merit.
Distressed Asset Value
Acquire a high-capacity refinery complex at a substantial discount to its intrinsic value, redirecting capital to value-creating conversion.
Mandated, High-Growth Market
Enter a market with legally guaranteed demand from UK & EU SAF mandates, addressing a structural supply deficit.
Proprietary Technology Moat
Deploy unique fuel technology that mitigates contrails—aviation's largest climate impact—creating a powerful ESG differentiator.
De-Risked Financial Model
A joint venture with a major National Oil Company, underpinned by a UK government Revenue Certainty Mechanism.
A Market Forged by Mandates
The demand for Sustainable Aviation Fuel isn't speculative; it's guaranteed by law. This creates a structural supply deficit and a classic seller's market for LOR's entire output. This section visualises the scale of this mandated demand and the resulting commercial opportunity.
The SAF Mandate Ramp-Up (Implied Demand)
SAF Price Premium vs. Conventional Jet Fuel
The Contrail Mitigation Advantage
Aviation's largest climate impact isn't from CO₂; it's from the warming effect of contrails. Our dLCAF™ fuel is uniquely engineered to solve this problem, creating a "future-proof" product that aligns with the next wave of environmental regulation.
Heavy Crude Feedstock
DM-XTech DLCO Process
(Proprietary Hydro-conversion)
Ultra-Low Aromatic LCAF
Conventional Jet Fuel
Standard fuel creates soot particles that seed persistent, warming contrails, which account for up to ⅔ of aviation's total climate impact.
- ●High in Aromatic Compounds
- ●Produces >2x Soot Particles
- ●High Risk of Persistent Contrail Formation
DM-XTech dLCAF™
Our ultra-clean fuel composition reduces soot by over 65%, fundamentally inhibiting contrail formation and directly targeting the core climate issue.
- ●Ultra-Low in Aromatic Compounds
- ●Reduces Soot Particles by up to 65%
- ●Dramatically Lowers Contrail Risk
The Asset and Conversion Plan
Project Phoenix is a brownfield conversion, not a greenfield build. We will leverage LOR's extensive existing infrastructure—its "good bones"—to reduce costs, shorten timelines, and focus capital on the high-value technology integration. Click on the sections below to learn more.
DLCO Reactor & Carbon Mgt.
Financials & Risk Mitigation
The project's financial case is robust, combining low entry costs with high, de-risked margins. A proactive risk management framework addresses key challenges to ensure project bankability and long-term success.
Acquisition CAPEX
$50-100M
vs. $168M prior sale price
Conversion CAPEX
$300-500M
Offset by potential UK gov't grants
Annual Revenue
~$1.2B+
Based on 1M tonnes/year initial output
Payback Period
~3-5 Years
On conversion capital
Risk Mitigation Framework
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