Prime Capital AG has acquired a synthetic aviation fuel project in Sweden, which is part of the country's green technology transition.
The project, developed by Renewable Energy Systems Holding Ltd., is expected to require an investment of €1 billion to €2 billion.
Matilda Afzelius, CEO for the Nordic region at RES, stated that the facility is projected to become operational by the end of the decade, pending the approval of necessary permits.
RES will continue to oversee the development of this initiative aimed at advancing sustainable aviation fuel production.