Haffner Energy launches SAF Zero

Renewable energy technology firm Haffner Energy launched SAF Zero, a new spin-off company dedicated to the production of sustainable aviation fuel (SAF).

SAF Zero aims to leverage its decades of experience and patented technology to become a global leader in the rapidly growing SAF market.

SAF Zero will utilise Haffner Energy’s proprietary SAFNOCA® technology, which can convert various organic waste and biomass into syngas for SAF production.

The spin-off will benefit from an unfettered technology license from Haffner Energy, while also generating new revenue streams through upfront fees and royalties. This strategic move will allow Haffner Energy to focus its resources on other renewable energy markets, including hydrogen, gas, and methanol.

“We have two publicly announced SAF projects in development, including Paris-Vatry SAF in partnership with LanzaJet and LanzaTech, as well as a growing number of undisclosed bio-SAF and e-SAF projects in America, Europe, Africa and Asia,” said Marcella Franchi, Head of SAF at Haffner Energy. “Our technology is compatible with ATJ, Fisher-Tropsch and methanol-to-jet SAF pathways. It is also compliant with existing SAF mandates around the world,” she added.

By creating SAF Zero, Haffner Energy said it will enable the company to develop SAF projects in collaboration with different pathway providers and enter the market more rapidly and at a larger scale.

Haffner Energy will transfer its intellectual property related to SAF to SAF Zero through a license agreement involving upfront payments and royalties. The company plans to remain a shareholder in SAF Zero and provide support services for project development, operation, and maintenance.

The spin-off is expected to be strictly non-dilutive for existing shareholders and will complement Haffner Energy’s ongoing fundraising round. All amounts received under the license agreement will be recorded as exceptional income in the company’s P&L.

Earlier, Haffner Energy and IðunnH2 announced a strategic partnership to accelerate the development of largest e-SAF facility in Iceland.

The agreement will leverage Haffner Energy’s innovative biomass-to-clean fuels technology to reduce costs and secure a reliable supply of biogenic carbon, a critical component for e-SAF production.