Trafigura Signs Offtake Agreement for Advanced Sustainable Aviation Fuel Produced From Biogas

Geneva, 20 January 2026 – Trafigura Pte Ltd ("Trafigura"), a market leader in the global commodities industry, has signed a binding six-year offtake agreement with SP Developments Uruguay S.A. (“Syzygy”), a subsidiary of Syzygy Plasmonics, to purchase advanced sustainable aviation fuel (“SAF”) from Syzygy’s first commercial facility, located in Uruguay. The agreement covers the entire production volume from Syzygy’s flagship biogas-to-SAF project, with first deliveries targeted in 2028. It also includes an option for Trafigura to purchase additional volumes from Syzygy's future projects.

Syzygy's technology converts biogas into SAF using renewable electricity through an innovative light-driven chemical reactor process. The pathway has received ISCC pre-certification to produce Renewable Fuels of Non-Biological Origin (RFNBO) and Advanced BioSAF compliant fuels, offering a scalable solution to meet expanding SAF mandates in Europe, the United Kingdom and other markets.

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Pictured: Estancias Del Lago agro-industrial complex, where NovaSAF-1 will be built. Image credit: Estancias Del Lago.

This agreement demonstrates Trafigura's approach to advancing emerging low-carbon technologies through market-based solutions.

Jason Breslaw, Head of Low Carbon Fuels Business Development at Trafigura, commented: "By providing commercial certainty through long-term offtake commitments, Trafigura can enable innovative companies like Syzygy to secure project financing and scale production. This offtake agreement complements our strategy to support the industry's efforts to diversify SAF supply, particularly as regulations increasingly mandate the use of advanced fuels. Trafigura's global low-carbon fuels network positions us to help aviation customers meet these requirements efficiently and cost effectively."

Syzygy’s first commercial-scale project, named NovaSAF-1, will be located in Durazno, Uruguay and will be the world's first electrified biogas-to-SAF facility producing RFNBO-compliant SAF. It will leverage biogas from the Estancias Del Lago powdered milk plant and Uruguayan renewable electricity to produce synthetic paraffinic kerosene (SPK) SAF with 90% lower lifecycle emissions than fossil jet fuel.

“This agreement marks a critical step in our journey toward commercial-scale impact and disrupting the SAF market,” said Trevor Best, CEO of Syzygy Plasmonics. “With a signed offtake agreement from a global leader like Trafigura, and after having successfully completed FEED engineering in December, we’re now ready to secure financing for the construction of NovaSAF-1 and move our technology from potential into production.”

The agreement further strengthens Trafigura’s presence across the entire low-carbon fuels supply chain, from feedstock sourcing through subsidiaries such as Greenlife in Australia, to blending and distribution capabilities via Impala Terminals and Greenergy, and into-wing supply to aviation customers globally.

ENDS

About Trafigura

Trafigura is a leading commodities group, owned by its employees and founded over 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world. We deploy infrastructure, market expertise and our worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through MorGen Energy and joint venture Nala Renewables.

The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, the Impala Terminals joint venture and Greenergy, supplier and distributor of transportation fuels and biofuels. The Group employs approximately 14,500 people, of which over 1,400 are shareholders, and operates in over 150 countries.

Visit: https://www.trafigura.com

About Syzygy Plasmonics

Syzygy Plasmonics is a technology company decarbonizing chemical production with its proprietary light-driven reactor technology. By replacing fossil-fuel combustion with renewable electricity, Syzygy enables the production of sustainable aviation fuel (SAF) at market-leading prices. Headquartered in Houston, Texas, Syzygy is moving the world toward a cleaner future through the power of photocatalysis.

Visit: https://www.plasmonics.tech/home