HomeNewsVARO announces plan to invest $600m to build major Sustainable Aviation Fuel manufacturing facility in Rotterdam, which will meet up to 7% of the EU's 2030 SAF target

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VARO announces plan to invest $600m to build major Sustainable Aviation Fuel manufacturing facility in Rotterdam, which will meet up to 7% of the EU's 2030 SAF target

9/7/2023

Varo Energy - Press Release    Constructing major large-scale Sustainable Aviation Fuel manufacturing facility: 100% owned by VARO with capacity to produce 245 kt p.a. of Sustainable Aviation Fuel (SAF). Delivering up to 7% of EU 2030 SAF target: helping to accelerate the EU’s decarbonization agenda in a hard-to-abate sector. Supporting airline customer’s decarbonization: SAF has on average 90% less greenhouse gas (GHG) emissions compared to conventional jet fuel. In February, VARO signed an MOU with Lufthansa to provide SAF from 2026 onwards. Investing $600 million: funded by VARO with first production in Q4 2026. This investment is expected to create up to 70 high-skilled green jobs

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