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Norwegian agrees landmark e-fuel partnership
Norwegian has inked a landmark sustainable aviation fuel partnership.
It is teaming up with Norsk e-Fuel to build the world’s first full scale e-fuel plant in Mosjøen, Norway.
The plant will produce sustainable aviation fuel to help Norwegian meet 45% emissions reduction by 2030.
Norwegian signed a strategic partnership agreement and the parties aim to finalise a detailed agreement within months.
“E-fuels can become a game changer for aviation. The partnership with Norsk e-Fuel is a landmark agreement,” said Geir Karlsen, CEO of Norwegian.
The goal is to start producing e-fuels as early as 2026.
The partnership with Norsk e-Fuel is estimated to secure approximately 20% of Norwegian’s total demand for sustainable aviation fuel until 2030.
Norwegian will also invest more than NOK50 million for a minority equity stake in the company.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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