France-based power companies Haffner Power and ATOBA Power have partnered for the event and financing of sustainable aviation gasoline (SAF) initiatives.
Haffner Power is a options supplier for changing biomass into clear power, whereas ATOBA Power focuses on “fixing the monetary dilemma between producers and remaining offtakers,” the 2 corporations mentioned in a joint information launch.
Haffner Power mentioned it designs, manufactures, provides, licenses, and operates proprietary disruptive clear gasoline options, together with important know-how for SAF manufacturing, utilizing biomass residues similar to agricultural and municipal waste.
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The corporate has introduced the event of a few SAF initiatives, incliding the Paris-Vatry SAF undertaking in France, the place full-scale manufacturing is anticipated to be reached by 2030 when the subsequent stage of the European SAF mandate kicks in, it mentioned.
ATOBA mentioned it “uniquely unlocks the SAF monetary stalemate by way of its upstream and downstream SAF offtake portfolio administration”.
By offtaking from diversified producers and applied sciences like Haffner Power, ATOBA mitigates technological and pricing dangers related to the varied SAF manufacturing pathways, and permits the closing of long-term offtake agreements amongst airways, jet-fuel distributors, SAF producers, and monetary establishments, that are important for scaling the business, it acknowledged.
“We’re significantly enthusiastic about this partnership with ATOBA, as it should facilitate the financing of our SAF initiatives, beginning with Paris-Vatry. One of the crucial essential challenges in securing financing for SAF manufacturing amenities is the flexibility to acquire offtake contracts that assure the acquisition of SAF at a steady worth for durations exceeding 5 years,” Haffner Power co-founder and CEO Philippe Haffner mentioned.
“The important thing benefit offered by ATOBA is that it affords this assure whereas considerably decreasing dangers and commitments for airline purchasers. It will facilitate and speed up their engagement in SAF procurement. As such, it’s a win-win mannequin for all stakeholders and we’re extraordinarily happy that ATOBA has recognized us as a strategic and distinctive participant within the SAF ecosystem,” he added.
“We’re delighted to launch an offtake settlement with Haffner Power, an organization that has demonstrated for many years the standard and robustness of its biomass transformation technological and industrial options. Haffner Power performs a key position in unlocking second-generation feedstocks, that are important for each Alcohol-to-Jet and Gasoline Fischer-Tropsch SAF pathways,” ATOBA Power co-founder and CEO Arnaud Namer mentioned.
“At ATOBA, we strongly consider that quite a lot of applied sciences and pathways are required to fulfill our aviation decarbonization targets, as one of the best manufacturing route and feedstock rely upon the particular regional traits. Having Haffner Power in our portfolio of SAF producers is a necessary brick in our aggregation technique, reinforcing our potential to offer diversified, dependable, and scalable SAF options to the market,” he added.
Additional, ATOBA mentioned it gives long-term SAF contracts to airways and jet-fuel resellers at optimized market SAF pricing indexes. The corporate brings excessive safety and competitiveness to the SAF provide chain for its airline companions by way of offtake from diversified producers and applied sciences. The corporate’s aggregation technique permits the SAF business to scale by offering producers with long-term offtake agreements that assist their remaining funding choices for his or her SAF manufacturing crops.
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