Boeing invests in Norsk e-Fuel to accelerate SAF adoption

Global aerospace company Boeing has announced investment in Norwegian power-to-liquid e-fuel producer Norsk e-Fuel to accelerate the production and availability of sustainable aviation fuel (SAF) in the Nordics and globally.
“Our support of and collaboration with Norsk e-Fuel underscores the importance of using fossil-free energy to accelerate SAF production, which is key to reducing aviation’s carbon emissions towards 2050,” said Steve Gillard, Boeing’s regional sustainability director for Europe, Middle East, Türkiye, Africa and Central Asia.
“Our partnership to advance e-fuels will help mobilize the commercialization of SAF in the Nordics and across the world, increasing accessibility and availability for our customers as we help build a robust SAF ecosystem.”
Boeing said that the investment will help production of SAF volumes required by the EU to meet its mandates. In addition, the two firms will also work on policies that enable the economic viability of the global SAF industry, while supporting long-term competitiveness of the aviation industry in the region.
“Our goal is to make e-fuels competitive with and eventually replace fossil fuels in critical infrastructures as SAF needs to become readily accessible and affordable for advancing aviation’s decarbonisation,” said Lars Bjørn Larsen, CCO of Norsk e-Fuel.
The partnership will also benefit from Norsk e-Fuel’s agreement with airlines including Norway’s largest air carrier, Norwegian.
To note, Norsk e-Fuel signed an offtake agreement with Norwegian and Cargolux Airlines in January last year. The total volume of the offtake agreements covers more than 140,000 tons of SAF supply. In addition, the two companies will provide strategic support for the development of two additional production facilities by 2030.
“We are pleased to welcome Boeing on board. Their investment marks a significant milestone for Norsk e-Fuel and confirms the positive development we have had. We look forward to leveraging Boeing’s expertise and experience in the development and growth of this pioneering industry. This investment also reinforces the need for a supportive policy environment to fully realise the potential of e-fuels production in Norway, in line with the Norwegian parliament’s call,” said Geir Karlsen, CEO of Norwegian.
Norwegian also announced $5m investment in Norsk e-Fuel.