Norsk e-Fuel closes significant agreements

Norwegian will also join Norsk e-Fuel’s shareholder group, which will as of now be led by the existing shareholder and renowned engineering, procurement, and construction company, Paul Wurth, a subsidiary of SMS group.

By securing long-term offtake agreements with Norwegian and Cargolux, in addition to strengthening the shareholder group around Paul Wurth, the company is moving ahead. Norsk e-Fuel is starting the industrialisation of e-Fuel production in Mosjøen, Norway, and will start to provide e-Fuels to the aviation industry after 2026. Backed by a strong shareholder and partner network, the company looks to increasing production with two additional plants by 2030.

“We have ambitious plans to ramp-up e-Fuel production as soon as possible to deliver fossil-free fuels to the aviation industry. The commitment of our new partners and the reaffirmed support of the founding member and shareholder Paul Wurth are not only a sign of trust into mission, business concept and team. They also show the understanding of the critical role of e-Fuels in shaping a future for aviation that is free from fossil fuels — both in Norway and across Europe,” said Karl Hauptmeier, CEO of Norsk e-Fuel.

Reflecting a shared vision for a more sustainable future of aviation, the passenger airline Norwegian and the cargo airline Cargolux have committed to the offtake of e-SAF. The total volume of the offtake agreements covers more than 140 000 tons of fuel supply. In addition, the two companies will provide strategic support for the development of two additional production facilities by 2030.

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/22012024/norsk-e-fuel-closes-significant-agreements/