Norwegian becomes co-owner of e-fuel producer

Saturday, 18 Jan, 2024 0

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.

TravelMole Editorial Team

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.

Local spices spike the fragrant air of Morocco. Cradled by the dunes of the Sahara, the Kingdom has been inhabited...

ECOMMPAY is an international payment service provider and direct bank card acquirer, engineering bespoke payment solutions for clients worldwide. Our...

Celebrating its 30-year anniversary in 2022, Regent Seven Seas Cruises® offers guests An Unrivaled Experience® with every luxury included. Carrying...

It’s easy to find perfection in Santa Barbara, but what if there was even more of your favorite finds, activities,...

Jet2.com is the UK’s third largest airline, flying from ten UK airports to more than 60 destinations across Europe and beyond....

Blue Diamond Resorts consistently goes above and beyond guest expectations by delivering groundbreaking vacation experiences through our exceptional collection of...

This is Jersey. An island shaped by the sea where some of the most astonishing tides in the world circle...

We understand the importance of personal touch We do things a bit differently at Eventsquid. We know that we could...

Atout France guides and supports the French regions with their development strategy and helps set up investment projects in order...

Home to America’s Best Beaches, a vibrant arts community and amazing outdoor experiences, St. Pete/Clearwater is a sunny destination that...

Why Avalon Waterways: Happiness flows on an Avalon river cruise. From Asia to South America and Europe to the Nile,...

The Polish Tourism Organisation (Polska Organizacja Turystyczna – POT) is one of several dozen national tourism organisations operating in the...

The Oregon Tourism Commission, dba Travel Oregon, works to enhance visitors’ experiences by providing information, resources and trip planning tools...

Since 1932, P&O Cruises has offered Aussies and Kiwis the opportunity to take to the seas and have the holiday...

We work with reliable data providers with global coverage, that guarantee data representativeness as well as compliance with International Personal...

In 2019, Buffalo Tours and Olympus Tours joined the Flight Centre Travel Group (FCTG) family and formed Discova. With the...

From the beginning, ATI’s philosophy has been “innovation, not duplication.“ Developing specialized technology solutions to connect over 30,000 accommodation, attracti...