About
Us

What We Do

ETFuels’ vision is to enable Energy Transition at Hyperscale

We are on a mission to decarbonize the world, in a way that's commercially attractive for our customers.

What sets ETFuels apart is our unique ‘off-grid’ model. This approach allows us to tap into low-cost renewable energy at scale, creating a significant competitive advantage: a 40% reduction in e-fuel production costs, large-scale deployment and full regulatory compliance - with no additional risk.

We go to places where the renewable energy feedstock is the best on the planet, and develop co-located wind and solar facilities, together with e-fuels production.

And we are technology agnostic - meaning that our projects are able to take advantage of the most advanced and cost effective innovations available, without needing to take technology risk.

Our
Team

Our team is unique in combining deep expertise across all elements of the hydrogen value chain: renewables, process, regulation and finance. The ETFuels leadership team has decades of experience executing multi-billion dollar infrastructure projects.

To bring together electrons and molecules in one project you need deep expertise across three core pillars:
1.   Commercial and regulation
2.  Renewable energy and project development
3.  Process technologies and project execution

We have assembled a world class team of leaders in their fields across these three areas to deliver cost competitive e-fuels for our customers in shipping, aviation, road transport and chemicals.

Our team  is passionately committed to our mission of decarbonizing the world.
Get in touch to join us.

Our
Advisors

The ETFuels team is rounded out by an elite advisory board with extensive experience in financing complex energy projects and the shipping industry:

Dominic Emery

Former Chief of Staff and Head of Strategy at bp

Giorgio Furlani

CEO AC Milan Football Club

Peder Bratt

Former Partner Energy Warburg Pincus

Toby Forrest

Former Head of Shipping Rio Tinto

Why Off-grid ?

The “off-grid” model enables significantly lower production costs than conventional approaches to producing e-fuels, as well as unrivalled ability to scale.

This is for two reasons:

1. Electricity grid transmission fees are very expensive: half of the total cost of power lies in transmission fees because grid infrastructure is expensive to run and maintain

2. Electricity grids are supply constrained: 95% of planned renewable energy projects never get built due to issues with access to the grid, and huge demand on the customer side from increasing numbers of data centres and corporates with renewable energy targets creates a dynamic with artificially high renewable power prices

‘Off-grid’ is the future of competitive, scalable e-fuel production.

Benefits are:

Cost competitiveness

By removing the cost and time delay of grid infrastructure, our e-fuel production is more than 40% cheaper than conventional approaches, providing more affordable fuels for our customers

Scalability

Traditionally access to the grid is the constraint to scale, but through our ‘off-grid’ model we can build gigawatt projects at Hyperscale

Sustainability

Additionality and transparency are fundamental to delivering high-integrity emission reductions - our projects are ‘additional’ by design and deliver 90% emission reduction on a lifecycle basis.

Through this model, we can harvest the equivalent of 40,000 Tesla model 3’s worth of renewable energy every day.

Who we
serve

ETFuels serves customers in aviation, shipping, road transport and chemicals. For industrial customers seeking to decarbonise at scale, e-fuels are the end-state. Our recommendations to our customers:

Get Ahead of the Regulation
In many cases, decarbonisation regulation can enable a robust business case for e-fuels, as early as today - providing a source of competitive advantage for those who move early. Regulations around e-fuels are new and often complex - but once you break them down, the business case for e-fuels becomes clear and compelling. As experts on green fuels regulation ETFuels can support you in better understanding the regulation and how e-fuels can enable both compliance and value creation

Plan for Long-Term Fixed Pricing
The reality is that e-fuels projects rely on third-party financing, which in turn requires long-term fixed-price offtake agreements. Without these, projects won’t get built - and customers risk being left with no supply and costly non-compliance penalties. The flip side is that securing supply under long term pricing arrangements provides predictability and reduces the risk of being short critical green fuel, as demand for green molecules is set to explode

Secure Supply Early
Developing an e-fuels project takes 6 to 8 years. To ensure delivery, offtake agreements must be secured at least four years in advance. For those seeking access to green fuel in the 2030s, the time to act is now.

What ETFuels provides to our customers
  • Cost-competitive e-fuels
    We focus on minimizing power costs - the biggest feedstock cost to producing e-fuels. By going ‘off-grid’, we can produce e-fuels 40% cheaper than on-grid. 
  • Decarbonisation: Highest Value CO2 Reduction
    We focus only on the greenest fuels, which are RFNBO-certified with additional renewable energy and biogenic CO2. We can deliver a greenhouse gas intensity of 8.7 gCO2eq/MJ at a minimum. This is equivalent to 90% emissions reduction compared to conventional diesel or jet fuel 
  • Mature Projects with Low Technology Risk
    We see the largest risk to our customers as being the fuel not arriving when they need it. For this reason, we use technologies that are proven at commercial scale. The feedstocks we need (power, water, biogenic CO2) are already secured, and we have already completed multiple pre-FEED engineering studies so know what our fuels will cost to produce.
  • Scalability
    The challenge to decarbonize heavy industry is immense and requires significant scale. We have a target of 1 million tonnes of e-fuel production by 2031, which can be delivered by expanding the 7 sites already under development in Europe and the US.
ETFuels is an e-fuels producer with a compelling commercial proposition, first-mover advantage and strong scalability potential.
  • Compelling Market Opportunity with End Customer Optionality
    Demand for green fuels is set to surge as shipping and aviation seek to decarbonise. E-fuels are the only scalable solution, with major cost-reduction potential.  Within e-fuels, e-methanol offers key advantages and early producers will secure the best prices and incentives.  
  • Winning Business Model: Off-grid Production 40% Cheaper than PeersPower makes up ~70% of e-fuel costs. ETFuels is tackling this with its distinctive “off-grid” model, underpinned by site locations in the world’s best renewable energy regions. This approach cuts costs by ~40% versus on-grid peers, placing ETFuels’ e-methanol and e-SAF at the bottom of the cost curve - while also achieving ultra-low carbon intensity and scalable output. 
  • Robust First Project to Secure First Mover AdvantageThe first will be in Texas, a 126 ktpa e-methanol project in Texas with top tier feedstock, advantageous infrastructure and pre-FEED completed. The project offers strong returns, further de-risked by proven technologies and optionality into e-SAF.
  • 2.5 GW Pipeline to Scale Close Behind
    ETFuels has secured 100,000+ acres (2.5GW renewable power) and large volumes of RFNBO-compliant CO₂ in top-tier renewable regions. This differentiated feedstock position provides a powerful platform to scale into e-methanol or e-SAF. 
We are backed by SWEN Capital. Customers are moving at pace, with over 300 methanol-fuelled ships already ordered, and multiple airlines signing off-take for green fuel at pace. The challenge for them is the scarcity of e-fuels currently available.
The ETFuels leadership team has an in-depth understanding of regulation across the e-fuels value chain. We work with policy makers to shape the regulations to enable the decarbonisation of industry at Hyperscale.
  • Lessons Learned from the Ground
    We have been at the forefront of e-fuels development so can share our experiences, challenges and solutions to help shape the impact and support that policy makers can deliver.
  • Transparency on Actual Production Costs
    We have delivered multiple pre-FEED engineering studies so understand the actual costs and technological challenges and opportunities in producing multiple e-fuels across multiple geographies.
  • Robust First Project to Secure First Mover Advantage
    ETFuels’ first project in Texas has all feedstock (power, water, biogenic CO2) secured, a completed pre-feed and attractive offtake terms with customers for 120 ktpa e-methanol. FID is expected in 2026, with strong project returns de-risked by long-term fixed price feedstock and offtake prices, and by the use of mature technologies from leading OEMs.
  • Relative Value of Policies from an Investor and Customer Perspective
    Our in depth engagements with numerous customers and investors enable us to bring a unique perspective as to the impact of specific policies at the coal face of investment and off-take contracts.
The Business Case for E-fuels for shipping customers, underpinned by FuelEU regulation is available to download here.

Our
Impact

We developed our business model with sustainability at the heart.

The greenhouse gas intensity of our e-fuel is 8.7 gCO2eq/MJ. This amounts to a 90% reduction compared to emissions when our e-fuel is consumed in a ship. E-fuel from each plant will result in the avoidance of approximately 200,000 tons of CO₂ emissions per year, equivalent to planting a forest the size of 13,000 football fields.

We make hydrogen using 100% renewable energy, which is developed exclusively for this purpose. This means that we don’t cannibalise existing renewable energy from the grid, and we definitely don’t use grid electricity that stems from coal or natural gas fired power stations.

We use CO2 which has been captured from the air with a short lifecycle, meaning that we create a circular CO2 model with a closed loop from combustion to capture. Our fuels are compliant with European and US green fuel certification criteria, including provisions set out in the EU’s Renewable Energy Directive and US Inflation Reduction Act.

We will develop 10M tonnes of green fuels production within 10 years. The resulting CO2 reduction will equate to 3% of global shipping emissions.

Our Values

ETFuels’ number one priority is :

CARE – for people and for the environment.

Our business relies upon its people, its partners and stakeholders for success. Together we assess the risks involved in work activities, and prioritise the health, safety and well-being of our team and stakeholders that may be affected by our business activities. This is a boundary condition.

Beyond that our values are:

Speed: the world needs to do more, now, faster than ever.

We learn through doing and being first and fast enables us to build cutting edge IP which we can deploy as we scale. We started early so we have a first mover advantage… but we also need to maintain our pace through attracting the best talent who share our ambition of a rapid trajectory to Hyperscale.

Innovation: not only in our model, but in everything we do.

We started with no legacy assets, and no embedded thinking - so being bold and trying out different things is in our core. This means that we deploy data to make the best decisions, always conduct A-B testing to improve and optimize, and most importantly, we deploy 10x thinking - we are going for Hyperscale, not incremental improvement. We aren’t encumbered by what has been done before - we innovate through being bold.

Shared benefits: We want to do well by doing good.

We believe our projects will only be sustainable if everyone involved benefits. Firstly, the decision to go green needs to make commercial sense for all of our partners and stakeholders. And secondly, we seek to act respectfully and inclusively wherever we operate. We believe that ultimately a more transparent, more generous partnership-based approach enables us to move faster and build stronger, more sustainable relationships with our partners for the long run.