Located approximately 370 km north of Stockholm in the municipality of Ånge, Sweden, the project will benefit from low electricity prices due to extensive renewable energy available in the area. It is also Norsk e-Fuel's first project site in Sweden, furthering the company’s expansion across the Nordics, following previously announced projects in Norway and Finland.
“We are excited to join forces with Norsk e-Fuel on this transformative project to produce SAF in Sweden. This collaboration brings together Norsk e-Fuel’s cutting-edge advancements in synthetic SAF development as well as RES exceptional capacities in delivering projects with Prime Capital’s extensive experience in renewable energy infrastructure and power-to-x project development,” says Jens Walzner, Managing Director of Prime Capital.
The project will utilize the Power-to-Liquid process to convert water into hydrogen, which will then be combined with captured CO₂ to create e-Kerosene, a sustainable alternative to fossil-based aviation fuels. Building on Prime Capital’s recent acquisition of the Ånge project site, pre-developed by RES, the companies will combine their expertise to realize the project.
Following further development and construction, start of operation of the plant is expected to be in line with the European regulation on sustainable aviation fuel (ReFuelEU Aviation). The combination of Norsk e-Fuel’s many years of experience in advancing the e-Fuel industry, Prime Capital’s strategic investment capabilities, the support by RES’ renewable energy expertise as well as the project development know-how of all three companies, the collaboration is well positioned for success.
“This project is a milestone for Norsk e-Fuel as we expand into Sweden and continue to lead the charge in providing fossil free fuels for the aviation industry,” says Karl Hauptmeier, CEO of Norsk e-Fuel. “As part of our project portfolio, Project Alby not only exemplifies our commitment to reduce the CO₂ emissions but also our belief that teamwork is crucial for success. Working together with experienced partners such as Prime Capital and RES is an honor and makes me optimistic that we will succeed in our mission.”
The 14-hectare site in Ånge offers ample capacity for large-scale e-Fuel production and strategic synergies with established industrial partners. The municipality is set to become one of Europe’s leading green hydrogen-driven industrial clusters, enhancing the project’s impact on renewable energy transition.
“Norsk e-Fuel joining the Alby project is fantastic news. Their expertise in e-SAF production, combined with Prime Capital’s strategic capabilities and RES’ 40+ years of renewable energy experience, provides a strong foundation for the next development phase. At RES, our vision is to create a future where everyone has access to affordable, zero-carbon energy. This partnership strengthens our ability to drive the green transition forward, and we are excited to do so alongside the best in the industry. The Alby project’s potential to deliver up to 80,000 tons of sustainable aviation fuel annually is not only a major step for the green energy market but also a significant milestone for Ånge municipality.”, adds Matilda Afzelius, CEO of RES in the Nordics.
The funds invested by Prime Capital benefit from support from the European Union under the InvestEU Fund.
