SAF One signs long-term offtake agreement with Trafigura for Sustainable Aviation Fuel
SAF One has signed a binding long-term offtake agreement with Trafigura, a global leader in the commodities industry, to purchase sustainable aviation fuel (“SAF”) from SAF One’s Bahrain facility, with first deliveries targeted in 2028.
SAF One’s Bahrain facility will use the Hydroprocessed Esters and Fatty Acids (“HEFA”) technology pathway to convert sustainably-sourced waste oils and fats like used cooking oil into SAF. The facility is targeting final investment decision and start-of-construction over next several months. The HEFA-based SAF delivers substantial lifecycle greenhouse gas reductions relative to conventional fossil jet fuel and is aligned with the increasing adoption of blending mandates across the EU, the UK, and other key markets.
SAF One’s platform model, built around compact, modular capacity, enables project de-risking and efficient replication across sites. By leveraging proven technologies, established feedstock supply chains and experienced EPC partners, the company aims to reduce development risk, accelerating scale-up with greater certainty on delivery and performance.
Deepak Munganahalli, Co-Founder and CEO of SAF One, commented: “We are excited about this strategic collaboration with Trafigura. As SAF One continue to scale, we look forward to discussing future opportunities with Trafigura to supply from the pipeline of SAF One projects, and advance into-plane deliveries across Europe, the UK and Africa”
Jason Breslaw, Head of Low Carbon Fuels Business Development at Trafigura, commented: “We are pleased to have signed this agreement with SAF One, further diversifying and strengthening our supply of low-carbon fuels. SAF One’s technology pathway offers a proven and scalable source of SAF supply, supporting our aviation customers to meet regulatory mandates.”
About SAF One
About SAF One Energy Management SAF One Energy Management Limited is a platform focused on delivering sustainable aviation fuels (SAF) to the global aviation industry. SAF One is co-founded by Novus Aviation Capital Limited (NACL) and Sencirc Holding Limited (SHL). To this partnership, Novus brings nearly 30 years of experience in investing and managing commercial aviation assets in the aviation industry. Sencirc brings decades of experience in the energy industry with domain expertise in developing, building, and managing waste to value assets.
Visit http://saf-one.co
About Trafigura
Trafigura is a leading commodities group, owned by its employees and founded over 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world. We deploy infrastructure, market expertise and our worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through MorGen Energy and joint venture Nala Renewables.
The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, the Impala Terminals joint venture and Greenergy, supplier and distributor of transportation fuels and biofuels. The Group employs approximately 14,500 people, of which over 1,400 are shareholders, and operates in over 150 countries.
Visit: www.trafigura.com
Media Contacts
SAF One - Jude Al Kutoubi, jude.alkutoubi@saf-one.co
Trafigura – media@trafigura.com