Trafigura signs offtake agreement for advanced sustainable aviation fuel produced from biogas

Pictured: Estancias Del Lago agro-industrial complex, where NovaSAF-1 will be built. Image credit: Estancias Del Lago.

Geneva, 20 January 2026 – Trafigura Pte Ltd ("Trafigura"), a market leader in the global commodities industry, has signed a binding six-year offtake agreement with SP Developments Uruguay S.A. (“Syzygy”), a subsidiary of Syzygy Plasmonics, to purchase advanced sustainable aviation fuel (“SAF”) from Syzygy’s first commercial facility, located in Uruguay. The agreement covers the entire production volume from Syzygy’s flagship biogas-to-SAF project, with first deliveries targeted in 2028. It also includes an option for Trafigura to purchase additional volumes from Syzygy's future projects.

Syzygy's technology converts biogas into SAF using renewable electricity through an innovative light-driven chemical reactor process. The pathway has received ISCC pre-certification to produce Renewable Fuels of Non-Biological Origin (RFNBO) and Advanced BioSAF compliant fuels, offering a scalable solution to meet expanding SAF mandates in Europe, the United Kingdom and other markets.

This agreement demonstrates Trafigura's approach to advancing emerging low-carbon technologies through market-based solutions.

Jason Breslaw, Head of Low Carbon Fuels Business Development at Trafigura, commented: "By providing commercial certainty through long-term offtake commitments, Trafigura can enable innovative companies like Syzygy to secure project financing and scale production. This offtake agreement complements our strategy to support the industry's efforts to diversify SAF supply, particularly as regulations increasingly mandate the use of advanced fuels. Trafigura's global low-carbon fuels network positions us to help aviation customers meet these requirements efficiently and cost effectively."

Syzygy’s first commercial-scale project, named NovaSAF-1, will be located in Durazno, Uruguay and will be the world's first electrified biogas-to-SAF facility producing RFNBO-compliant SAF. It will leverage biogas from the Estancias Del Lago powdered milk plant and Uruguayan renewable electricity to produce synthetic paraffinic kerosene (SPK) SAF with 90% lower lifecycle emissions than fossil jet fuel.

“This agreement marks a critical step in our journey toward commercial-scale impact and disrupting the SAF market,” said Trevor Best, CEO of Syzygy Plasmonics. “With a signed offtake agreement from a global leader like Trafigura, and after having successfully completed FEED engineering in December, we’re now ready to secure financing for the construction of NovaSAF-1 and move our technology from potential into production.”

The agreement further strengthens Trafigura’s presence across the entire low-carbon fuels supply chain, from feedstock sourcing through subsidiaries such as Greenlife in Australia, to blending and distribution capabilities via Impala Terminals and Greenergy, and into-wing supply to aviation customers globally.