Private aviation operator, Luxaviation, has signed a MoU with IdunnH2 for the long-term supply of synthetic sustainable aviation fuel (SAF).
The agreement will the delivery of up to 10,000 metric tonnes of eSAF annually under a 15-year offtake framework. The first delivery of the fuel is anticipated for 2029.
Produced near Iceland’s Keflavik Airport using renewable energy and a recycled CO2, the fuel will be certified to meet EU RED II and ReFuelEU criteria. It will be distributed via a book-and-claim system within the European Economic Area.
“From a producer’s perspective, this is exactly the kind of agreement we need to move capital into needed eSAF infrastructure,” said Nanna Baldvinsdottir, CEO of IdunnH2. She underlined the MoU reflects the need for long-term demand, credible certification and delivery systems that can scale.
Photo: Patrick Hansen CEO of Luxaviation
Patrick Hansen, CEO of Luxaviation Group added: “History often shapes the future. This agreement not only accelerates our SAF ambitions, it also pays tribute to the longstanding aviation bond between our two countries. Just as Luxembourg once opened its skies to Icelandic innovation, we are now forging the next chapter in that story through climate-conscious aviation.”
Operated by IdunnH2, the Helguvik facility where the eSAF will be produced will leverage Iceland’s 100 per cent renewable energy mix and favourable regulatory framework. Once operational, it will position Iceland as a key supplier for Europe’s growing SAF demand and is expected to produce 65,000 tonnes of eSAF per year.
Photos: Luxaviation
