Press release
7 Jan, 2026
Aspiration
VolagHy wants to contribute to the large-scale adoption of sustainable aviation fuels (eSAF) across Europe. Backed and initiated by InnoEnergy, one of Europe’s cleantech leaders, VolagHy leverages a pan-European ecosystem of industry, finance, policy, and academia to scale synthetic aviation fuel production.
With its first flagship plant underway, VolagHy aims to replicate this model and build five eSAF facilities across the Nordics by 2040, setting a blueprint for scaling sustainable aviation fuels across Europe.
Backed by InnoEnergy
VolagHy benefits from InnoEnergy’s unique expertise in driving the industrialisation of clean-tech solutions to accelerate the global net-zero transition.
Active across Europe and the US, InnoEnergy builds resilient clean-tech value chains by investing in early-stage start-ups, providing business acceleration services, scaling industrial champions, and leading strategic alliances in batteries, solar, and green hydrogen. Supported by an ecosystem of 1,400 partners, InnoEnergy has backed over 500 companies, created 40,000 jobs, and is on track to cut 2.1 gigatons of CO₂e by 2030.
500+
Companies
1,400
Partners
40,000
Jobs created
2.1 Gt
CO₂e by 2030
Projects
Volaghy’s ambition is to build 5 eSAF plants by 2040 in the Nordics.
Our flagship project in Kuopio, Finland, will produce 50,000 tons of eSAF annually, powered by green electricity. There are plans to potentially supply the biogenic CO₂ from Mondi’s local pulp and paper mill. Combining proven industrial expertise with innovative partnerships, VolagHy delivers scalable, verifiable, and cost-effective sustainable fuels while creating tangible environmental and community benefits.
Partners
Mondi Kuopio is exploring opportunities with VolagHy to capture biogenic CO₂ as part of the pulp and paper mill’s production process with the aim of it being used for producing e-fuels.
Savon Voima is a Finnish electricity network company that will provide the grid connection, which is already in development.
Kuopion Energia, a Finnish municipal energy company, will use excess hydrogen production heat to supply up to 10,000 households, further cutting the area’s carbon footprint.
The city of Kuopio will host our first project, with a land reservation agreement secured and local stakeholder coordination underway
Business Finland is Finland’s official government agency for trade and investment promotion, innovation funding, travel promotion and talent attraction.
Technology
Contact us
Please use the contact form to reach out. We’ll respond promptly, and we appreciate your feedback and inquiries.
Email us: info@volaghy.com