Norwegian becomes co-owner of e-fuel producer

Thursday, 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.

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

Located in the heart of the Northeast and within easy driving distance of a third of the population of the...

SAINT LUCIA IS NO ORDINARY ISLAND Equal parts beauty and mystique, Saint Lucia captivates anyone who sets foot on her...

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

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

WANDERERS WELCOME to MISSISSIPPI Mississippi is a state for all those who are wanderers at heart. From lush, forested Appalachian foothills to...

Virtuoso is the leading global network of agencies specializing in luxury and experiential travel, with more than 20,000 advisors. We...

The Florida Keys and Key West is a 126 mile long string of Islands connected to South Florida by the...

Central Florida’s Polk County is conveniently located between Orlando and Tampa, and an easy drive to Central Florida attractions and...

Consisting of the three Maritime provinces of New Brunswick, Nova Scotia, and Prince Edward Island as well as Newfoundland and...

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