Mitsubishi Corporation invests in Swedish Biofuels
Stockholm – February 28, 2023 – Swedish Biofuels AB announced today an investment by Mitsubishi Corporation to jointly accelerate commercial deployment of clean renewable fuels using Swedish Biofuels advanced alcohol to jet (ATJ) technology.
The technology produces fully formulated sustainable aviation fuel (FFSAF) from a variety of biogenic feedstocks. Swedish Biofuels FFSAF is different from other SAFs, as it is not a blend component but ready-to-use, real jet fuel. The FFSAF has been tested successfully by engine manufacturers under US DARPA, US FAA and Swedish FMV programmes.
Swedish Biofuels is now leading the way with the world’s first advanced ATJ technology, targeting the complete replacement of fossil jet fuel by FFSAF.
Swedish Biofuels MD, Dr Angelica Hull, stated that the company is honoured by Mitsubishi Corporation’s investment decision, which provides an exceptional strategic partnership for Swedish Biofuels, including access to feedstock, sales support, marketing and commercial operations. With this partnership, the company expects to accelerate the deployment of its advanced ATJ technology in its home market and beyond.
About Mitsubishi Corporation
Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses across virtually every industry including natural gas, industrial materials, petroleum & chemicals solution, mineral resources, industrial infrastructure, automotive & mobility, food industry, consumer industry, power solution and urban development.