Meed | EU-backed firm eyes sustainable aviation fuels projects

EU-backed firm eyes sustainable aviation fuels projects

13 December 2024

A mandate for all flights originating from EU airports to contain at least 2% of sustainable aviation fuel (SAF) by 2025, 6% by 2030 and up to 70% by 2050 will drive early SAF demand and adoption, regardless of the current perceived price point for SAF, according to an industry expert.

The aviation industry could face hefty penalties for non-compliance with those mandates, Gunnar Holen, CEO at Norway-headquartered Nordic Fuel, told MEED on the sidelines of the Green Hydrogen (gH2) Investor Day held on 11 December in Muscat.

Two days earlier, the company, along with a partner, signed a memorandum of understanding (MoU) with the Royal Commission for Jubail and Yanbu (RCJY) to cooperate in the development of a large-scale green synthetic aviation fuel facility in Jubail, Saudi Arabia.

The planned initiative will utilise captured carbon dioxide (CO2) and green hydrogen, aligning with the objectives of Vision 2030.

It also signed a similar MoU with Hydrogen Oman on 11 December.

Nordic Electrofuel is a startup project developer and technology provider supported by the EU ETS Innovation Fund.

According to the company, it is developing several commercial facilities to produce synthetic aviation fuel derived from CO2 and renewable power.

Its first pilot project is at Heroya Industry Park in Porsgunn, Norway.

According to the firm's website, the plant is named E-fuel1 and is designed for a yearly production capacity of 10 million litres of synthetic fuels. This will result in a reduction of the CO2 industrial footprint by 25,000 tonnes annually.

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Jennifer Aguinaldo