An Update on Zaffra's Joint Venture: Preparing for an Orderly Wind Down

Last week, our shareholders Sasol and Topsoe announced their decision to prepare for an orderly wind-down of Zaffra as a joint venture.

 

This wind-down reflects a structural decision by our shareholders to transition away from their 50/50 Zaffra JV in favor of collaborating more directly and flexibly going forward. As part of this shift, Zaffra's project portfolio is currently being reviewed by our shareholders, and we will share further information as decisions are made and as it is appropriate to do so. Our focus is now on supporting an orderly process, helping preserve the value that has been created, assisting our shareholders as they assess existing projects and commitments, and protecting important relationships. 

 

This is a decision about how our shareholders choose to structure their collaboration going forward — it does not diminish the value created by the Zaffra team, together with our partners. 

 

We have worked with purpose and ambition to advance the sustainable aviation fuel market, and we're proud of what this team has built: a strong project pipeline and meaningful collaboration with airlines, fuel producers, policymakers, and value-chain partners — relationships that have helped build confidence in the commercial viability of eSAF.

 

We would like to thank all our partners and stakeholders who have placed their trust in Zaffra. Your commitment to advancing SAF has been the foundation of everything we've achieved together.

 

We have received many questions from our partners and stakeholders about timelines, individual projects, and next steps. We are working to understand the full scope of the transition and will share further information as decisions are made and as it is appropriate to do so.

 

We are grateful for the confidence that customers, partners, and the broader SAF community have placed in us.

 

You can read the joint Sasol and Topsoe press release here: 

 

Topsoe - Sasol and Topsoe to refocus SAF partnership as Zaffra JV prepares for wind-down

 

Sasol: Sasol and Topsoe to refocus SAF partnership as Zaffra JV prepares for wind-down |