Deals Counterparts

Nordic Electrofuel AS

company

Nordic Electrofuel AS is a Norwegian company focused on developing and producing sustainable aviation fuel (SAF) and other electrofuels using Power-to-X technology. They combine captured CO2 with green hydrogen from renewable electricity to create synthetic fuels, aiming to decarbonize hard-to-abate sectors like aviation and maritime. Their primary project is a large-scale e-fuel production facility at Herøya Industripark in Norway.

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Founded 2020
Sustainable Fuel ProducerDeveloperOperator

Strategic Overview

  • Focused on scaling up Power-to-X technology for large-scale electrofuel production.
  • Aims to decarbonize hard-to-abate sectors, particularly aviation and maritime, through SAF production.
  • Plans to develop multiple production plants, with an ambition to reach 800,000 tonnes of electrofuel per year by 2030.
  • Leveraging Norway's abundant renewable energy resources and industrial infrastructure for project development.

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Key People

Gunnar Holen
CEO
Karl Erik Sandal
CFO
Lars Helge Helvig
Chairman of the Board

Track Record

4
Deals Completed
4
Years Active
€M500M
Total Value
Notable projects: Herøya e-fuel production plant

Detailed Analysis

Sectors
Energy Transition
Technologies
Green HydrogenPower-to-XSustainable Aviation Fuel
Geographies
Norway (4 deals)
Deal Stage
Greenfield

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