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Strengthening Partnerships in Sustainable Aviation Fuel Sector

Strengthening Partnerships in Sustainable Aviation Fuel Sector

Strengthening Partnerships in Sustainable Aviation Fuel Sector

Vitry-le-François, France / Luxembourg – Haffner Energy, an innovative leader in the production of clean fuels from solid biomass, is expanding its collaboration with Luxaviation Group, a prominent name in the business aviation industry. This partnership aims to revolutionize sustainable aviation fuel (SAF) production through a new non-exclusive 15-year offtake agreement in Europe, featuring fixed volume and price terms.

The relationship between Luxaviation and Haffner Energy had its inception when Luxaviation expressed its commitment to SAF by showing interest in SAF Zero earlier this year. This latest agreement signifies a monumental step for both companies as they transition from concept to reality in sustainable aviation.

Patrick Hansen, CEO of Luxaviation Group, expressed enthusiasm, stating, “This agreement marks a decisive move from vision to reality. Securing long-term SAF supply is a commitment to our clients and the industry’s future. Together, we are setting the benchmark for how business aviation can accelerate the scale-up of sustainable fuel production across Europe.”

With one of the largest fleets of private aircraft worldwide, Luxaviation is dedicated to aviation’s decarbonization through an innovative three-pronged approach. This strategy includes enhancing fuel efficiency, increasing SAF utilization, and transitioning to electrification of ground operations while offsetting remaining greenhouse gas emissions. The company has been publishing its sustainability progress in annual reports since 2021 and recently launched the “Go-to-Zero” Investment Fund to support SAF production initiatives.

Haffner Energy’s CEO, Philippe Haffner, highlighted the significance of this partnership by stating, “This offtake partnership will greatly assist in financing our SAF projects in Europe. Long-term agreements are essential as they ensure stable purchases at set prices for over five years.”

Haffner Energy leverages over three decades of industry experience to design and implement cutting-edge clean fuel solutions, utilizing diverse biomass residues, including agricultural and municipal waste. The company is advancing several SAF projects in various locations, including notable developments in France and Iceland, aiming for full production capability by 2030 to meet the new European SAF blending mandates.

In this shared vision, both Luxaviation and Haffner Energy are also active members of Project SkyPower, a global initiative geared towards accelerating SAF adoption and development.

About Haffner Energy

Haffner Energy stands out as a key player in producing renewable fuels with 32 years of expertise in converting biomass into energy. The company specializes in innovative technologies like biomass thermolysis and gasification, which facilitate the creation of gas, hydrogen, Sustainable Aviation Fuels (SAF), and renewable methanol. Focused on environmental regeneration, Haffner not only supports fuel production but also engages in biogenic CO2 and biocarbon co-production activities.

About Luxaviation Group

Luxaviation Group is headquartered in Luxembourg and encompasses premier aviation brands such as Luxaviation, Starspeed, ExecuJet, and Paragon, operating globally across five continents. They offer comprehensive services including aircraft management, private air charter services, and the oversight of VIP passenger terminals within a vast FBO network. The group is committed to aviation's decarbonization by championing sustainable fuels and green infrastructures.

Media Relations

Haffner Energy

Laetitia Mailhes

laetitia.mailhes@haffner-energy.com

+33 (0)6 07 12 96 76

Luxaviation Group

Juliane Thiessen

Juliane.thiessen@luxaviation.com

+41 76 356 8251

Investor Relations

Haffner Energy

investisseurs@haffner-energy.com

Frequently Asked Questions

What companies are involved in the SAF offtake agreement?

The SAF offtake agreement involves Haffner Energy and Luxaviation Group, focusing on sustainable aviation fuel production.

What is the duration of the new SAF offtake agreement?

This new offtake agreement is set for a duration of 15 years, establishing secure terms for the supply and pricing of SAF.

What are the main goals of this partnership?

The primary aim is to accelerate the production and adoption of sustainable aviation fuel in Europe, enhancing the decarbonization efforts in the aviation industry.

Where are Haffner Energy's SAF projects located?

Haffner Energy's SAF projects are notably being developed in France and Iceland, with plans for full-scale production by 2030.

How does Luxaviation plan to contribute to sustainability?

Luxaviation plans to enhance fuel efficiency, increase SAF usage, electrify ground operations, and invest in sustainability initiatives like the “Go-to-Zero” Investment Fund.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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