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Norwegian Buys Into Norsk e-Fuel to Advance Sustainability

Norwegian has become a key investor in Norsk e-Fuel, signaling a milestone in sustainable aviation. Norsk e-Fuel will set up a production facility for electrofuel in Mosjøen, northern Norway. This venture grants Norwegian early access to low-emission aviation fuel, supporting its objective to cut emissions by 45% by 2030.

Developing a New Fuel Industry in Norway

From left to right: Georges Rassel, Chairman of the Board in Norsk e-Fuel, Geir Karlsen, CEO of Norwegian, Karl Hauptmeier, CEO of Norsk e-Fuel, Damien Crochu, Director Corporate Finance in Cargolux, Lars Bjørn Larsen, CCO of Norsk e-Fuel. Photo: Norsk e-Fuel.

“This agreement marks the start of a pioneering partnership that will accelerate the transition to fossil-free fuels in aviation and give us access to a product that will be available in limited quantities. Increased production of this type of fuel is essential in the years to come if we are to succeed in the transition to more sustainable aviation. I am very pleased that we have the resources, expertise, and technology to do this with Norsk e-Fuel in Norway and that together we can contribute to the development of a new industry in Norway and create local jobs, said Geir Karlsen, CEO of Norwegian.

“We have ambitious plans to ramp-up e-Fuel production as soon as possible to deliver fossil-free fuels to the aviation industry. The commitment of Norwegian and our new partners are not only a sign of trust into our mission, our business concept and our team. They also show the understanding of the critical role of e-Fuels in shaping a future for aviation that is free from fossil fuels—both in Norway and across Europe.”, said Karl Hauptmeier, CEO of Norsk e-Fuel.

Norwegian’s Investment Ensures Sustainable Aviation Fuel Supply

Norwegian’s partnership with Norsk e-Fuel is a strategic move towards sustainable aviation. The airline has made an initial investment of over 12 million NOK. Another NOK 40-50 million to follow at the next program milestone. Norwegian gains a stake in Norsk e-Fuel and ensures a steady supply of eco-friendly aviation fuel long-term. This deal promises Norwegian over 7,000 metric tonnes of sustainable fuel annually from the facility in Mosjøen. The supply could potentially reach up to 29,000 metric tonnes as more facilities come online. This pioneering project in Mosjøen is poised to transform the aviation fuel supply chain and reinforce Norwegian Air’s commitment to a greener future.

“The partnership with Norsk e-Fuel is fully in line with our ambitions of cutting emissions, and electrofuel can be a change of pace for our entire industry. It is not only central to Norwegian and our efforts to reducing our own climate footprint, but it is also a milestone for aviation in Norway,” said Karlsen.

The production of 7,000 metric tonnes of fossil-free fuel in Mosjøen covers the fuel needs of 430,000 Norwegian passengers flying between Bodø and Oslo. Approximately 550,000 passengers make this trip annually.

Norway Advancing Sustainable Aviation

The push for eco-friendly travel isn’t new in Norway. Government mandates require airlines to incorporate fossil-free aviation fuels into their operations. This trend is gaining momentum across Europe, too, with the EU setting strict timelines from 2025. Sustainable Aviation Fuels will be a requirement, starting with a 6 percent blending mandate by 2030. This EU fossil-free fuel blend requirement will gradually increase. By 2050, the EU requires a 70 percent blend, half of which will be derived from electrofuel.

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