Norsk e-Fuel has partnered with Prime Capital, the latter of which will become a key investor into the Norwegian renewable aviation fuel project developer. The investment will help advance Norsk e-Fuel's project pipeline to deliver sustainable aviation fuel (SAF) to its customer airlines.
The independent asset manager and energy infrastructure investor Prime Capital, through its managed funds, joins the shareholder group at Norsk e-Fuel.
“The investment enables us to accelerate the development of our projects, while profiting from Prime Capital’s impressive track-record and experience in renewable investing, financing and project realisation,” said Norsk e-Fuel CEO Karl Hauptmeier. “We are honoured to have the confidence in our company and our capabilities as a project developer from a leading partner like Prime Capital.”
Prime Capital head of infrastructure Mathias Bimberg said: “In the last couple of years, Norsk e-Fuel has built an exceptional management and development team that is well suited to successfully realize its synthetic sustainable aviation fuel project pipeline.”
Norsk e-Fuel aims to supply at least 200,000 tonnes of sustainable fuel to the European aviation sector through three facilities by 2032.