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Norwegian becomes co-owner of e-fuel producer
Nordic carrier Norwegian has now become a key shareholder in sustainable aviation fuel supplier Norsk e-Fuel.
The company hopes to establish what could be the world’s first large-scale production facility for electrofuel.
The fossil-free jet fuel will be produced at a plant in Mosjøen in Nordland.
The partnership will give Norwegian early access to fossil-free aviation fuels.
In 2023, Norwegian and Norsk e-Fuel signed a strategic partnership to build the world’s first large-scale production facility for electrofuel.
Electrofuel (e-fuel) is a fossil-free sustainable aviation fuel that can be used in today’s aircraft.
This is an important milestone towards Norwegian’s goal of reducing emission by 45% by 2030.
“This agreement marks the start of a pioneering partnership that will accelerate the transition to fossil-free fuels in aviation,” said Geir Karlsen, CEO of Norwegian.
“I am very pleased that we have the resources, expertise and technology to do this with Norsk e-Fuel in Norway.”
The partnership secures Norwegian an ownership interest in the company and long-term access to fossil-free aviation fuel.
In the first phase, Norwegian has invested more than NOK12 million, and will invest a further NOK45-50 million at the next milestone in the project.
This secures Norwegian more than 7,000 metric tonnes of fuel per year from the first factory, and volumes could increase to 29,000 metric tonnes annually if the next two planned factories become operational.
The production facility at Mosjøen is set to be the first of its kind in the world.
Airlines in Norway are already required to buy and use fossil-free aviation fuels today, and the EU decided last autumn that similar requirements will be introduced from 2025.
By 2030, the fossil-free aviation fuel blending requirements in Europe will be 6%.
This will gradually increase to 70% per cent in 2050, half of which will be electrofuel.
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