2029
First year of operation
IðunnH2 is an Icelandic company turning renewable electricity, water and captured CO₂ into jet fuel. We are developing Iceland's first commercial eSAF facility, 5 km from Keflavík International Airport, with first fuel planned for 2029.
// Project
On the Reykjanes peninsula, minutes from Iceland’s international airport, the Iceland eSAF Project will turn the island’s renewable power into a drop-in synthetic jet fuel that flies in today’s aircraft, engines, and fuelling infrastructure with no modifications. At full output, its 70,000 tonnes a year will prevent roughly 220,000 tonnes of CO₂ annually, lowering the carbon footprint of every airline and passenger that flies on it.
Most of the planned production has already been pledged to two offtakers.
IðunnH2 is currently fundraising for FEED, the front-end engineering and design stage of the project.
// Product
eSAF is synthetic kerosene made from green hydrogen and captured CO₂. Chemically equivalent to fossil jet fuel, it blends into the conventional Jet A-1 supply and flies in today’s aircraft without modification. European mandates now require airlines to blend sustainable aviation fuel, with a dedicated eSAF quota from 2030, and supply is far short of what those mandates demand.
// Place
Iceland’s electricity is almost entirely renewable, the result of geology and of generations who chose to build on it. For eSAF production that means low-cost, year-round clean power, and a structural advantage few places on Earth can match.
Successfully transitioning to clean energy and reaching net zero is an immense global undertaking. It requires major near-term policy actions to rapidly put emissions into structural decline as well as giant leaps in innovation so the technologies we need are ready in time.
// People
Named for Iðunn, the Norse goddess of renewal. Founded in 2021 to build commercial-scale hydrogen production facilities.
