Future Energy Global signs Letter of Intent with Carbon Neutral Fuels to negotiate future Offtake Agreement for e-SAF

Dublin, 22 April 2025 – Future Energy Global (FEG), a pioneer in sustainable aviation fuel (SAF) market scaling, and Carbon Neutral Fuels Ltd (CNF), a developer of clean alternative fuels, have signed a Letter of Intent to negotiate an Offtake Agreement for a portion of CNF’s future e-SAF production.

Future Energy Global specialises in accelerating the SAF market through an innovative financial ecosystem that facilitates collaboration between all participants in the value chain. The aviation industry has committed to reaching net-zero CO₂ emissions by 2050, and SAF is expected to contribute around two thirds of the necessary emissions reduction, but to achieve this, its production quantities need to scale more than 400-fold.

FEG enters into long-term offtake agreements with SAF producers, provides cost-effective SAF solutions for airlines, and enables investors and corporate stakeholders to participate in the scale-up of SAF production. By addressing the critical need to scale SAF production, FEG plays a pivotal role in aviation’s path to net-zero emissions.

Carbon Neutral Fuels (CNF) is leading the ASAP-DAC Consortium, an initiative supported by the UK Government’s Advanced Fuels Fund to deliver a First-of-a-Kind, commercial-scale Power-to-Liquid (PtL) Sustainable Aviation Fuel facility in the UK. Bringing together leading engineering and Direct Air Capture (DAC) partners, the Consortium is pioneering a high efficiency process capable of producing e-SAF with an 89% reduction in lifecycle emissions vs conventional fossil-based jet fuel. Once fully operational in 2030, this facility will produce 25,000 tonnes/annum of e-SAF, enough to meet 35% of the UK’s legally mandated Power-to-Liquid e-SAF requirements.

“Giving SAF producers the security of multi-year offtake agreements is a key part of our strategy to drive SAF market growth and help reduce aviation emissions,” said Natasha Mann, CEO and Co-Founder of Future Energy Global. “From 2030, e-SAF will become an increasingly important part of our offtake portfolio, and we are looking forward to exploring with Carbon Neutral Fuels how their innovative e-fuel could be part of our offer to airlines and corporates.”

Mark Amor, Commercial Director at Carbon Neutral Fuels said of the announcement, “We are thrilled to be in discussions with a market leader like Future Energy Global regarding a future offtake agreement. Securing commercial offtake is a key milestone in establishing the bankability of the ASAP-DAC project. Not only will this project deliver environmental benefits, but it will create highly paid skill jobs, deliver domestic energy security, and contribute to regional and national economic growth.”