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.
Related News Stories: Become our partner Regent Seven Seas Cruises Hurtigruten Expeditions Norse Atlantic Airways TravelMole – Travel industry community since 1999 Partner Zone Hurtigruten Expeditions Hurtigruten Expeditions Kiwi.com Centara Mirage Beach Resort Dubai | Family-friendly hotel | Dubai …
Related News Stories: Norwegian becomes co-owner of Norsk e-Fuel | Norwegian Norwegian becomes co-owner of Norsk e-Fuel to “accelerate the ... Norwegian.com | Mynewsdesk - Norwegian Norsk e-Fuel - Company Profile - Tracxn Press Release: Partnership with Norwegian Securing offtake and investment – Norsk e-Fuel closes milestone ... Newsroom | Nordic Electrofuel Norwegian and Norsk e-Fuel partner to build first-ever full-scale e ... Norway's petroleum history - Norwegianpetroleum.no Equinor - Wikipedia
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.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airbnb eyes a loyalty program but details remain under wraps
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026