ATOBA Energy and Flying Forest Sign Letter of Intent for Long Term Sustainable Aviation Fuel Offtake Agreement
- Arnaud Namer
- 1 day ago
- 2 min read
Dec 11, 2025, 9:00 AM CET – Lyon, France / Iisalmi, Finland
ATOBA Energy, a leading sustainable aviation fuel (SAF) aggregation platform, and Flying Forest, a pioneering renewable fuel developer, today announced the signing of a Letter of Intent (LOI) for a long-term SAF offtake agreement. This strategic partnership will support Flying Forest's groundbreaking project in Finland while advancing ATOBA's mission to bridge the gap between SAF producers and airlines.
Transforming Wood Waste into Clean Aviation Fuel
Flying Forest's innovative project, located in Iisalmi, Finland, will convert local wood waste into sustainable aviation fuel using advanced methanol-to-jet technology. The facility is designed to produce 200,000 tons of SAF annually, across three production lines - with potential expansion to nearby sites.
The project leverages Finland's abundant forestry residues, with Flying Forest securing agreements with local sawmills for up to 3.75 million tons of sawmill co-products and non-commercial round wood annually. This local feedstock strategy ensures supply security while supporting the circular economy by utilizing waste materials that would otherwise have limited commercial value.
“Scaling SAF requires innovative commercial models that work for both producers and end customers,” said Paul Groves, CEO of Flying Forest. “This collaboration with ATOBA Energy builds the aligned ecosystem we need to drive innovation, catalyze investment, and accelerate SAF deployment globally.”
The collaboration addresses a critical challenge in the SAF industry: the financial dilemma between producers needing stable long-term contracts to secure project financing and airlines seeking competitive, flexible pricing. ATOBA's aggregation model provides Flying Forest with bankable offtake commitments while offering airlines access to diversified SAF supply at competitive market rates.
"Flying Forest leading edge technology enables a cost efficient transformation of residues to Sustainable Aviation Fuel. By adding Flying Forest to our aggregation platform, we can offer airlines price competitiveness and stability while providing Flying Forest the long-term commitments they need to reach final investment decision" said Arnaud Namer, CEO of ATOBA Energy.
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ABOUT Flying Forest
Flying Forest is developing advanced renewable fuel projects using proven technologies and local feedstock sources. The company's Finland project benefits from strong government support, committed low-cost renewable electricity, and strategic partnerships with established engineering and construction firms. The first production line is expected to be operational by 2030.
ABOUT ATOBA ENERGY
ATOBA is the midstream Sustainable Aviation Fuel (SAF) aggregator focused on accelerating the aviation industry's energy transition through solving the financial dilemma between airlines and producers. ATOBA provides long-term SAF contracts to airlines and jet-fuel resellers at optimized market SAF pricing indexes. The company brings high security and competitiveness to the SAF supply chain for its airline partners via offtake from diversified producers and technologies, as well as best-in-class sector expertise. Simultaneously, ATOBA’s aggregation strategy allows the SAF industry to scale by providing producers with long-term offtake agreements that support their Final Investment Decisions for their SAF production plants.
🌐 Further information is available at www.atoba.energy.