Norsk e-Fuel partners with Prime Capital, RES to produce eSAF in Sweden

Norsk e-Fuel, a Norwegian project-development company specializing in eFuels, announced Feb. 13 a collaboration with Prime Capital to produce sustainable aviation fuel (SAF) in Sweden.

Supported by the renewable energy company RES, the companies will develop “Project Alby,” an industrial-scale eFuel plant that will play a vital role in reducing the emissions of the European aviation sector.

Located approximately 370 kilometers north of Stockholm in the municipality of Ånge, Sweden, the project will benefit from low electricity prices due to extensive renewable energy available in the area.

It is also Norsk e-Fuel’s first project site in Sweden, furthering the company’s expansion across the Nordics following previously announced projects in Norway and Finland.

The news follows Prime Capital’s acquisition of the RES green-hydrogen project in Ånge.

“We are excited to join forces with Norsk e-Fuel on this transformative project to produce SAF in Sweden,” said Jens Walzner, the managing director of Prime Capital. “This collaboration brings together Norsk e-Fuel’s cutting-edge advancements in synthetic SAF development as well as RES’s exceptional capacities in delivering projects with Prime Capital’s extensive experience in renewable energy infrastructure and Power-to-X project development. This partnership is a key step in reducing aviation emissions and accelerating Sweden’s transition to a more sustainable future.”

The project will utilize the Power-to-Liquid process to convert water into hydrogen, which will then be combined with captured CO2 to create eKerosene, a sustainable alternative to fossil-based aviation fuels.

Building on Prime Capital’s recent acquisition of the Ånge project site, predeveloped by RES, the companies will combine their expertise to realize the project.

Following further development and construction, the start of plant operations is expected to be in line with the European regulation on sustainable aviation fuel (ReFuelEU aviation).

The combination of Norsk e-Fuel’s experience in advancing the eFuel industry, Prime Capital’s strategic-investment capabilities, the support by RES’s renewable energy expertise as well as the project-development know-how of all three companies, the collaboration is well-positioned for success, stated Norsk e-Fuel.

“This project is a milestone for Norsk e-Fuel as we expand into Sweden and continue to lead the charge in providing fossil-free fuels for the aviation industry,” said Karl Hauptmeier, CEO of Norsk e-Fuel. “As part of our project portfolio, Project Alby not only exemplifies our commitment to reduce CO2 emissions but also our belief that teamwork is crucial for success. Working together with experienced partners such as Prime Capital and RES is an honor and makes me optimistic that we will succeed in our mission.”

The 14-hectare site in Ånge offers ample capacity for large-scale eFuel production and strategic synergies with established industrial partners.

The municipality is set to become one of Europe’s leading green hydrogen-driven industrial clusters, enhancing the project’s impact on renewable energy transition.

“Norsk e-Fuel joining the Alby project is fantastic news,” said Matilda Afzelius, CEO of RES in the Nordics. “Their expertise in eSAF production, combined with Prime Capital’s strategic capabilities and RES’s 40-plus years of renewable energy experience, provides a strong foundation for the next development phase. At RES, our vision is to create a future where everyone has access to affordable, zero-carbon energy. This partnership strengthens our ability to drive the green transition forward, and we are excited to do so alongside the best in the industry. The Alby project’s potential to deliver up to 80,000 tons of sustainable aviation fuel annually is not only a major step for the green-energy market but also a significant milestone for Ånge municipality.”

The funds invested by Prime Capital benefit from support from the European Union under the InvestEU Fund.