Haffner Energy Introduces New SAF Zero Spin-off
- 18-Sep-2024 5:22 PM
- Journalist: Harold Finch
Haffner Energy is embarking on a strategic initiative to launch SAF Zero, a new spin-off company dedicated to the sustainable aviation fuel (SAF) sector. This move leverages Haffner Energy's proprietary technology, developed over 30 years of expertise and supported by 80 international patents. SAF Zero is poised to take advantage of the increasing demand for sustainable aviation fuel and aims to become a significant player in the global SAF market, which is projected to attract over $1 trillion in investments by 2050.
SAF Zero will utilize Haffner Energy's advanced SAFNOCA technology, which is distinguished by its capability to convert a wide range of organic waste and biomass into syngas for SAF production. This innovative approach will provide SAF Zero with a substantial competitive edge. The new entity will operate under an exclusive technology license from Haffner Energy, generating revenue through an upfront payment and ongoing royalties. This arrangement will not only create a new income stream for Haffner Energy but also enable it to refocus its resources on other key markets such as renewable hydrogen, syngas, and methanol.
Marcella Franchi, head of SAF at Haffner Energy, highlights the company's ongoing efforts in the SAF sector, including two publicly announced projects: the Paris-Vatry SAF initiative in collaboration with LanzaJet and LanzaTech, and several undisclosed bio-SAF and e-SAF projects across America, Europe, Africa, and Asia. Franchi emphasizes the need for partnerships to enhance their efforts and increase visibility in the expanding SAF market. She also notes that Haffner Energy's technology supports various SAF production pathways, including Alcohol-To-Jet (ATJ), Fisher-Tropsch, and methanol-to-jet, and complies with global SAF regulations.
Haffner Energy has been active in four primary markets: Sustainable Aviation Fuel (SAF), renewable gas (syngas), hydrogen, and methanol. The creation of SAF Zero will combine Haffner Energy’s innovative technology with substantial financial resources to accelerate SAF project development. The spin-off will focus on collaborating with providers of different SAF pathways to facilitate larger-scale and faster market entry. Philippe Haffner, CEO of Haffner Energy, underscores the importance of specialized technology and adequate financial backing in the SAF market, which is expected to see cumulative investments in the hundreds of billions of dollars. He believes that SAF Zero will serve as a powerful growth lever, delivering value to Haffner Energy and its shareholders through both royalties and ongoing commercial revenues.
Overall, SAF Zero is set to enhance Haffner Energy’s position in the SAF market while supporting the company’s broader goals in renewable energy. The new spin-off will operate as a separate entity with dedicated resources and strategic partnerships, aiming for a significant impact on the sustainable aviation fuel industry.