SAF Zero aims to fully leverage SAFNOCA®, Haffner Energy's advanced technology differentiated by its ability to convert all types of organic waste and biomass into syngas for SAF production. In a true win-win relationship, the new entity will enjoy an unfettered technology license, while generating a new source of income for Haffner Energy through an upfront fee and royalties. In addition, it will allow Haffner Energy to focus its resources on the renewable hydrogen, gas (syngas), and methanol markets.
“We have two publicly announced SAF projects in development, including Paris-Vatry SAF in partnership with LanzaJet and LanzaTech, as well as a growing number of undisclosed bio-SAF and e-SAF projects in America, Europe, Africa and Asia. We need partners to boost our efforts and grow our visibility on the soaring SAF market,” states Marcella Franchi, Head of SAF at Haffner Energy. “Our technology is compatible with ATJ, Fisher-Tropsch and methanol-to-jet SAF pathways. It is also compliant with existing SAF mandates around the world,” she adds.
Creating a strategic and financial lever
Haffner Energy has been operating in four markets: SAF, renewable gas (syngas), hydrogen, and methanol. SAF Zero will combine Haffner Energy’s differentiating technology with significantly enhanced financial resources. One of the goals is to enable the development of SAF projects in collaboration with various pathways providers (Alcohol-To-Jet, methanol-to-jet, Fisher-Tropsch). Creating an entity dedicated to SAF, supported by specialized strategic and financial partners, will enable faster and larger-scale entry into the fast-growing SAF market.
Intellectual property transfer with value creation and no dilution
Haffner Energy’s intellectual property related to SAF will be transferred to SAF Zero through a license that will involve an upfront payment and royalties for future projects.
Haffner Energy aims to remain a shareholder in SAF Zero, offering support services to ensure project development, operation, and maintenance.
SAF Zero creates value for Haffner Energy and its shareholders and serves as a strong growth driver. It will be strictly non-dilutive for shareholders and complementary to the ongoing fundraising round. All amounts received under the license will be recorded as exceptional income in Haffner Energy’s P&L.
Ongoing partners and investors selection process
A selection process is underway to choose strategic partners in order to support the spin-off’s development and maximize value for Haffner Energy and its shareholders.
