Haffner Energy decides to spin off SAF business

French clean fuels production solutions provider Haffner Energy (EPA:ALHAF) has decided to spin off its sustainable aviation fuel (SAF) business into an independent entity, named SAF Zero, to accelerate its entry into the growing market.

Haffner will transfer its SAF-related intellectual property through a licence that will involve an upfront payment and royalties for future projects. The company also intends to look for strategic partners to support the spin-off’s development.

The restructuring is expected to provide a new revenue stream while allowing Haffner to focus its resources on the renewable hydrogen, gas (syngas) and methanol markets, it noted in a press statement on Thursday.

SAF Zero will build on Haffner’s advanced SAF technology SAFNOCA that allows for the conversion of all types of organic waste and biomass into syngas for SAF production. The technology is compatible with ATJ, Fisher-Tropsch and methanol-to-jet SAF pathways and is compliant with the existing global SAF mandates.

“We have two publicly announced SAF projects in development, including Paris-Vatry SAF in partnership with LanzaJet and LanzaTech, as well as a growing number of undisclosed bio-SAF and e-SAF projects in America, Europe, Africa and Asia,” said Marcella Franchi, head of SAF at Haffner.

Earlier this month, the company's technology was selected by green hydrogen developer IdunnH2 for a 300-MW e-SAF project under development in Helguvik, Iceland.

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