Norwegian Air invests in e-fuels supplier

Norwegian Air has taken a stake in a supplier planning to build an e-fuel plant in the carrier’s home country.

The unit will produce sustainable aviation fuels (SAF) as part of the carrier’s target of 45% emissions reduction by 2030.

The partnership Norsk e-Fuel will contribute to speeding up the production and availability of SAF. 

The two companies aim to finalise the detailed agreement within the next few months with the airline investing more than NOK 50 million for a minority equity shareholding.

The aim is to start producing e-fuels in Mosjøen in northern Norway as early as 2026. 

The collaboration with Norsk e-Fuel is estimated to secure about 20% of Norwegian’s total demand for SAF until 2030. 

Norwegian chief executive  Geir Karlsen said: “We are moving Norwegian into the future. Our sector contributes to great value creation, both socially and economically, and we commit to significantly reducing our climate impact as we take advantage of technological advances within aviation fuel. 

“E-fuels can become a gamechanger for aviation. The partnership with Norsk e-Fuel is a landmark agreement for Norwegian, but also a milestone for aviation in Norway. 

“It helps us move closer to the promise we have given our customers. We want to make it possible for everyone to fly sustainably.”

He added: “The country of Norway depends on a strong, future-proof aviation industry. Our partnership with Norsk e-Fuel is a historic step for Norwegian as an airline. 

“We are actively supporting the Norwegian processing industry and contributing to local economic growth, whilst at the same time taking a major leap towards making sustainable air travel a reality. 

“To us, this marks the beginning of a new era, and we will consider entering into several future partnerships to achieve our climate goals.”