Published by Todd Bush on November 14, 2023
HydrogenPro's collaborative partner, DG Fuels, recently announced the strategic cooperation with Air France – KLM. The latter has made an investment in DG Fuels "to support the completion of the development work necessary to reach the Final Investment decision".
PORSGRUNN, Norway, Nov. 13, 2023 /PRNewswire/ -- HydrogenPro's collaborative partner, DG Fuels, announced on Friday, November 10th, the strategic cooperation with Air France – KLM. The latter has made an investment in DG Fuels "to support the completion of the development work necessary to reach the Final Investment decision". The group has invested USD 4.7 million in the SAF (Sustainable Aviation Fuel) producer. HydrogenPro has been contracted as the supplier of electrolyzers for the plant in a potential 500 million USD deal, excluding life cycle services.
In addition to the investment Air France-KLM «acquired an option to purchase up to 25 million gallons / 75 000 tons of SAF annually over a multi-year period beginning in 2029. This option comes in addition to the long-term offtake contract announced by Air France-KLM and DG Fuels last year.
>>Read about HydrogenPro Completing Electrolyser Delivery to World Leading Validation Center
Compared to conventional fuel, the use of SAF can reduce emissions by an average of 80% and is considered more energy-efficient, providing airlines with operational advantages in addition to environmental benefits.
In April this year the European Commission announced ReFuelEU Aviation proposal, including:
1) Aviation fuel suppliers to supply a minimum share of SAF at EU airports, starting at 2% of overall fuel supplied by 2025 and reaching 70% by 2050. The new EU jet fuel blend will need to also contain a minimum share of the most modern and environmentally-friendly synthetic fuels, which increases over time;
2) Aircraft operators departing from EU airports to refuel only with the fuel necessary for the flight, to avoid emissions related to extra weight or carbon leakage caused by 'tankering' practices (deliberately carrying excess fuel to avoid refueling with SAF);
3) Airports to ensure that their fueling infrastructure is available and fit for SAF distribution.
"SAF is an important part of decarbonizing the aviation industry. We are happy to play an integral role as we are delivering our green hydrogen technology to transform the aviation sector through our collaboration with DG Fuels" says HydrogenPro CEO, Jarle Dragvik.
SOURCE HydrogenPro ASA
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⚖️ CDR at a Crossroads: Is Private Sector Innovation Enough to Offset Washington's Wobble? 🌱 Exomad Green’s Biochar Field Study Reveals Significant Crop Yield Improvements In Bol...
Inside This Issue 🚀 Climeworks Raises USD 162M to Scale Up Technology 🛠️ DNV Advances Skylark to Enable Safe Scaling of CO2 Pipelines for Carbon Capture and Storage 🍁 Canada’s Rising Role in the G...
Inside This Issue 🏗️ Hyundai Unveils $6B Hydrogen-Powered Steel Mill in Louisiana, Aims to Position State as National Energy Leader 🤝 Deep Sky Inks Next DAC Deal in Germany with Greenlyte Carbon T...
Bayotech Shifts Northern California Hydrogen Hub Development to New Site to Accelerate Impact
Strategic decision enables faster path to clean hydrogen delivery and community investment HOUSTON /PRNewswire/ -- BayoTech, a global leader in hydrogen production and distribution solutions, toda...
Clean-energy Backers Blast US Budget Bill as a Setback
Bill cuts solar and wind tax credits, keeps nuclear and geothermal Energy Innovation projects 300 GW capacity fall due to bill Oil and gas industry praises bill for advancing energy dominanc...
WASHINGTON--"As Congress passes the One Big Beautiful Bill Act today, FCHEA is proud to have played a central role in helping restore the critical Section 45V hydrogen production tax credit. We com...
Next-Gen Construction: 200 & 500kVA Hybrid Fuel-Cell Power USA - English
Elemental Energy launches its latest 200 & 500kVA hybrid hydrogen-BESS solution to optimise power supplies and eliminate combustion generators LONDON, July 3, 2025 /PRNewswire/ -- Elemental En...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.