FORTUM CORPORATION ONLINE NEWS 8.10.2024
Norwegian e-fuel company Norsk e-Fuel and Fortum have agreed to reserve a 14-hectare area for a sustainable synthetic aviation fuel (eSAF) plant at the Port of Rauma in Finland. This is Norsk e-Fuel's first project outside Norway and is part of the company's long-term strategy to support Europe's net-zero targets by 2050. The project is in its early stages, and Norsk e-Fuel has not yet made an investment decision.
Fortum and Norsk e-Fuel, together with Port of Rauma, will begin planning the area's electrical connections and permit processes for establishing the e-fuel production facility. The plant's annual production could reach 100 million liters of liquid fuel, produced through electrolysis using clean electricity and captured carbon dioxide. Most of the production will be eSAF.
The excellent location of the Port of Rauma, with direct sea and rail connections and a strong industrial ecosystem, makes it an ideal location for new industrial projects. With this project, Rauma can play a significant role in increasing the supply of eSAF in Europe. EU regulations require aviation fuel suppliers to gradually increase the share of eSAF in conventional aviation fuel at EU airports, starting with a 1.2% blending mandate in 2030 and rising to 35% by 2050. A reliable electricity grid and access to clean electricity are essential for the electricity-intensive production of eSAF.
"Fortum is committed to promoting the transition to clean energy future. We are pleased that Norsk e-Fuel is considering Rauma as the location for a new production facility. Decarbonization is a joint effort that requires the support and commitment of all stakeholders, including local communities, industrial players, and policymakers. Our role is to support industry in reducing emissions by developing sites for investment and being a partner in energy matters," says Urs Pennanen, Senior Vice President Corporate Customers at Fortum.
Fortum Corporation
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Further information:
Juha Ruokonen, Corporate Relations Manager, juha [dot] ruokonen [at] fortum [dot] com (juha[dot]ruokonen[at]fortum[dot]com), +358400918322