Gunvor Group will join VARO Energy in building a large-scale sustainable aviation fuel (SAF) manufacturing facility at the Gunvor Energy site in Rotterdam, through a proposed joint venture.
“Large scale production and adoption of SAF are critical to meeting the airline industry’s goal of achieving net-zero emissions by 2050,” Torbjörn Törnqvist, CEO of Gunvor.
The Rotterdam facility is being designed to process a variety of feedstocks. It will also have the capability to produce either SAF or HVO end products, allowing VARO and Gunvor to switch based on market conditions and regulatory requirements.
Through this investment, the two companies will support the aviation sector’s aimed decarbonisation, with the capacity to produce SAF equivalent to 7% of the current SAF mandate set by the European Union for 2030.
Gunvor and VARO to develop large-scale SAF manufacturing facility
