Norsk e-Fuel, a developer of e-Fuel plants producing sustainable aviation fuel (SAF), has secured a new investment from Finnish investor Tesi to fuel its Nordic expansion. This follows a funding round earlier this year led by Prime Capital, with co-investors including Paul Wurth (SMS group), Norwegian, and Sunfire.
Norsk e-Fuel is advancing two planned projects in Finland – a more advanced facility in Rauma and a second production site in Imatra. The company produces synthetic fuels by combining hydrogen and CO₂ using fossil-free electricity, aiming to significantly reduce aviation emissions across Europe.
Lars Bjørn Larsen, CEO of Norsk e-Fuel, said: “Tesi’s strong experience in scaling industrial and sustainable ventures make them an ideal partner as we advance our project pipeline in Finland and beyond.”
Esa Koponen, Investment Director at Tesi, added: “Under its new investment strategy, Tesi can also invest in new industrial-scale projects to help establish new industry in Finland that utilises clean electricity and supports the energy transition. The Norsk e-Fuel project in Rauma, which promotes the sustainability of air travel and Finland’s energy security, is an excellent example of an investment aligned with our new strategy.”
Tesi Invests in Norsk e-Fuel to Support Sustainable Aviation Fuel Production in Finland
