The three companies signed an agreement last week, securing continuous and long-term supply of fossil-free aviation fuel for both carriers. The Oslo-based project developer speaks of a “landmark agreement on offtake and investment.” It is Norsk’s first major pact with airlines.

Market observers expect that similar contracts with other carriers will follow suit since green aviation fuel is much sought after. It allows carriers to lower their CO2 footprint and benefits them financially in the mid-term, since greenhouse gas emissions will increasingly be taxed by Brussels.
Just a few days earlier, Norsk e-Fuel and Gen2 Energy had agreed to work together on the use of green hydrogen, by utilizing H2 as feedstock for the production of sustainable aviation fuels.
Mosjøen and more
The rapid rise of Norsk e-Fuel is breathtaking. Founded as recently as 2019, the newcomer started establishing large-scale production sites in the Nordics to deliver synthetic fuels to the aviation industry. The first facility will be set up in Mosjøen, Norway, 700 km (by road) north of Oslo. Investing in two additional facilities and creating a new value chain for sustainable fuels complement the initial project. The first deliveries will be available from 2026 onwards and on a larger scale come 2030, when the production plants number two and three are scheduled to go online.
The Norwegian energy provider is financially backed by the Luxembourg-based Paul Wurth Group, a subsidiary of the Duesseldorf, Germany headquartered industry giant sms Group.

According to the deals now signed, Cargolux and Norwegian have committed to the offtake of a total volume of 140,000 tons of e-SAF (Sustainable Aviation Fuel). In addition, both companies announced to strategically support the setup of the two facilities mentioned above, also located in Norway.
“Cargolux is proud to join the Norsk e-Fuel project. e-fuels are based on abundant feedstock such as carbon dioxide and when produced with green electricity, this project will provide one of the highest greenhouse gas savings compared to conventional jet fuel. We look forward to offering our customers the option to have the ability to voluntarily enhance their sustainability initiatives through the use of e-fuels for their shipments as of late 2026,” stated Richard Forson, CEO and President of Cargolux.
Future vs. tradition
In plain language, this means that customers have the option of booking SAF-based transports of their air consignments, or they can stick to traditional kerosene burn to get their goods from A to B. However, the latter decision might not be the smartest move since most market experts forecast that the price for conventional fuel will tend to surpass expenditures for e-fuels by 2030 – latest. Consequently, those who have committed to booking climate-friendly air transports will not have to wait in line for e-fuel supply. It can be assumed that established SAF customers will be treated preferentially when requesting e-fuel supply.
This scenario is indirectly confirmed by Geir Karlsen, CEO of Norwegian Air Shuttle. Commenting on his airline’s deal with Norsk e-Fuel, he stated: “Sustainable aviation fuels will be in high demand in the years to come. The agreement entails that we will invest a total of around € 5 million and will secure Norwegian early access to the product. The use of fossil-free aviation fuels is key to achieving our goal of reduced carbon emissions by 45% in 2030.”
Additional cash injection
The shareholder group that will be led by Paul Wurth and includes Norwegian, has been backing Norsk e-Fuel since its inception and has now decided to raise its investment in the company by an additional €5.5 million. The final statement at the presentation of the plans came from Georges Rassel, Chairman of the Board of Directors in Norsk e-Fuel: “I am truly honored to lead this exceptional team and delighted to announce our new partnerships with two esteemed airlines. Bringing together Norwegian, Cargolux, and Paul Wurth, we are committed to ensuring the success of Norsk e-Fuel, where we can now enter the next phase of the project.”