Norsk e-Fuel Expands into Sweden with New SAF Initiative
Deal News | Feb 13, 2025 | Prime Capital AG
Norsk e-Fuel, in partnership with Prime Capital AG and RES, has announced a significant project to produce sustainable aviation fuel (SAF) in North Sweden. Their endeavor, known as "Project Alby," is set to be developed in the municipality of Ånge. The project aims to produce at least 80,000 tons of e-Fuel annually, marking an important step in Norsk e-Fuel’s expansion into the Swedish market. The collaboration reflects a growing trend in the aviation industry towards sustainability and underscores the commitment of these firms to advance cleaner fuel technologies. Prime Capital's involvement highlights the investment firm's strategic interests in sustainable projects.
Sectors
- Renewable Energy
- Aviation
Geography
- Sweden – The project is located in the municipality of Ånge, North Sweden, marking Norsk e-Fuel’s expansion into this region.
Industry
- Renewable Energy – The project is focused on producing sustainable aviation fuel (SAF), a form of renewable energy.
- Aviation – The production of sustainable aviation fuel directly impacts the aviation industry's efforts to reduce carbon emissions.
Financials
- 80,000 tons – The planned annual production capacity of e-Fuel for the project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Norsk e-Fuel | Lead | Company | A company specializing in sustainable aviation fuel production, leading the Project Alby initiative. |
| Prime Capital AG | Partner | PE Firm | A German-based private equity firm partnering in the development of Project Alby. |
| RES | Collaborator | Company | A company collaborating with Norsk e-Fuel and Prime Capital in producing sustainable aviation fuel. |