Technip Energies, Airbus, Safran and Tereos entered into an agreement to create Rebound, a joint venture to develop a large-scale Sustainable Aviation Fuel (SAF) production project at the Port of Dunkirk, in Northern France. The project will use the Alcohol-to-Jet (AtJ) technological pathway to produce approximately 160,000 tons of SAF per year, making it one of the largest facilities of its kind in Europe and contributing to European energy sovereignty. With this agreement, the partners commit to fund the project's development phase, including engineering studies and other activities required to consider a Final Investment Decision (FID).
In this project development phase, Technip Energies will act as the project?s lead developer and engineering service provider, bringing its expertise in technology scaling and complex project execution. Airbus and Safran join as industrial partners, offtake facilitators and potential SAF offtakers. Tereos intends to supply and source the advanced ethanol required for the project.
Together, the four partners cover the value chain from feedstock supply to aviation end-use, under a single European-led initiative. A key milestone was already reached: the Port of Dunkirk awarded Technip Energies an industrial site in Northern France, which will offer, upon finalisation of the joint venture, strong logistical advantages to Rebound for feedstock and product transport, as well as a streamlined permitting pathway. The partners will progress through a disciplined, stage-gated development process.
Steps ahead include the selection of the technology licensor, permitting activities, launch of pre-FEED (Front-End Engineering Design) and FEED activities, finalisation of feedstock supply and SAF offtake agreements, and securing the financing for the construction of the asset. The creation of the joint venture is subject to customary closing conditions and approvals and is expected to be finalised in the second half of this year.
