Norsk e-Fuel’s team up with Prime Capital supported by RES in Project Alby

In Sweden, Norsk e-Fuel previously announced a collaboration with Prime Capital to produce sustainable aviation fuel (SAF) in Sweden. Supported by the renewable energy company RES, the companies will develop “Project Alby,” an industrial-scale e-Fuel plant that will play a vital role in reducing the emissions of the European aviation sector. 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.

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 the 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.