Nova Pangaea Technologies
Nova Pangaea Technologies is a UK cleantech company that has developed REFNOVA®, a proprietary 2G process converting non-food biomass into ethanol for Sustainable Aviation Fuel and biochar for carbon sequestration, serving aviation and industrial decarbonisation customers via its anchor partnership with British Airways.
- Company typePrivate
- Founded2008
- HeadquartersWilton, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Nova Pangaea Technologies does
Nova Pangaea Technologies (NPT) is a UK-based cleantech company headquartered at Wilton International in Teesside that has developed REFNOVA®, a proprietary patented second-generation (2G) thermochemical process for converting woody and non-food agricultural residues into 2G ethanol and biochar. The process consists of three stages: feedstock pre-treatment, SARP® (Steam Assisted Rapid Pyrolysis), and sugar production, and uniquely unlocks lignocellulosic biomass without enzymes. The 2G ethanol is intended for the alcohol-to-jet (AtJ) pathway to Sustainable Aviation Fuel (SAF), while the biochar co-product (branded NOVACHAR) provides carbon sequestration, soil improvement, and construction material applications.
The company's business model rests on three future revenue streams: direct SAF/2G ethanol production and sale (with British Airways as anchor offtaker for Project Speedbird's 102 million litres per year target), biochar offtake (Heads of Terms executed with A.W. Jenkinson), and international licensing of the REFNOVA® technology stack. GTM is enterprise field sales into the aviation sector and industrial decarbonisation buyers, structured around multi-party joint development agreements and long-term offtake contracts. NPT's ecosystem includes British Airways (offtake), LanzaJet (AtJ conversion), IAG (equity investor, parent of British Airways), Sembcorp Energy UK (site and utilities at Teesside Freeport), and UK government grants (£13.7m cumulatively).
NPT is pre-commercial, operating a demonstration plant at Wilton and developing NOVAONE, which is positioned as the UK's first 2G bioethanol commercial facility. Over £21m in equity has been raised from IAG, Mercia Ventures, Par Equity, NPIF and PXN Ventures, alongside £7m+ in grant funding. The company benefits from the UK SAF mandate (2% in 2025 rising to 22% by 2040) and recent leadership transitions (Stewart Stewart as CEO from January 2026, succeeding Sarah Ellerby) targeted at scaling toward commercial production and international licensing.
Nova Pangaea Technologies firmographics
Firmographics- Name
- Nova Pangaea Technologies
- Legal name
- Nova Pangaea Technologies (UK) Ltd.
- Website
- https://novapangaea.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Nova Pangaea Technologies is a UK cleantech company that has developed REFNOVA®, a proprietary 2G process converting non-food biomass into ethanol for Sustainable Aviation Fuel and biochar for carbon sequestration, serving aviation and industrial decarbonisation customers via its anchor partnership with British Airways.
- Ownership category
- akta.pro rank
Nova Pangaea Technologies industry classification
Industry- Product category
- Sustainable Aviation Fuel and Bioenergy Production
- NAICS
- Ethyl Alcohol Manufacturing (325193), Chemical Manufacturing (325)
- SIC
- Industrial Organic Chemicals (2860)
- akta.pro primary industry
- Sustainable Aviation Fuel (SAF) Production (HEFA, FT, ATJ) (EUAAAHAE)
- akta.pro secondary industries
- Bio-based Carbon Products & Advanced Bioproducts (Biochar, activated carbon, carbon black alternatives) (EUAAAIAM), Biofuel Upgrading, Hydrotreating & Refining (Co-processing, Isomerization) (EUAAAHAG), Torrefied Biomass & Biochar Fuel Production (EUAAAJAC)
Keywords
Where Nova Pangaea Technologies is headquartered
LocationHeadquarters
- HQ city
- Wilton
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Nova Pangaea Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Technology or R&D, Personnel, Operations, Supply Chain, Marketing or Sales
Revenue model
- SAF (Sustainable Aviation Fuel) Production: Revenue from producing and selling Sustainable Aviation Fuel to airline customers. The 2G ethanol is processed through LanzaJet's alcohol-to-jet (AtJ) technology into SAF. British Airways intends to offtake all SAF produced from Project Speedbird.
- 2G Ethanol Sales: Revenue from selling second-generation bioethanol produced from biomass waste conversion. The ethanol can be used for SAF production via AtJ pathway or as biofuel for road vehicles.
- Biochar Sales: Revenue from selling biochar, a valuable co-product used for soil improvement, as filler in cement and asphalt, and for carbon sequestration credits. Feedstock and biochar offtake Heads of Terms executed with A.W. Jenkinson.
- Technology Licensing: The company licenses its proprietary and patented REFNOVA® continuous process technology combined with technical and commercial expertise for biomass producers and end-commercial customers. Plans to license technology internationally.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | HEFA SAF - made from used cooking oil and waste fats |
| Transaction based/ take rate | Pay-as-you-go | SAF from waste biomass (NPT type) - via conversion technologies |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Nova Pangaea Technologies product offering
Product offeringCore offering
Nova Pangaea Technologies has developed REFNOVA®, a proprietary patented second generation (2G) technology process that converts woody and non-food derived agricultural residues into 2G ethanol and biochar. The 2G ethanol is processed via LanzaJet's alcohol-to-jet (AtJ) pathway into Sustainable Aviation Fuel (SAF), and the biochar co-product delivers carbon sequestration for industrial decarbonisation. The company operates its own demonstration plant at Wilton International and is developing its first commercial plant, NOVAONE, as part of Project Speedbird.
Product overview
Nova Pangaea Technologies (NPT) offers a suite of proprietary technologies centered on its REFNOVA® platform, which converts woody and agricultural biomass waste into second generation (2G) ethanol and biochar. The 2G ethanol produced by REFNOVA® feeds into the alcohol-to-jet (AtJ) pathway to create Sustainable Aviation Fuel (SAF). The co-product biochar (NOVACHAR) provides carbon sequestration. The company's flagship initiative, Project Speedbird, is a partnership with British Airways and LanzaJet to build commercial SAF production facilities. NOVAONE represents their first commercial-scale plant.
Differentiator
Problem solved
Functional benefit
Brands
- REFNOVA®: Proprietary patented second generation (2G) technology process that converts woody and non-food derived agricultural residues into high value products 2G ethanol and biochar.
- NOVAONE
- NOVACHAR
- Project Speedbird
- SARP®
Products and services
- REFNOVA® Technology Licensing Licensable proprietary patented second generation (2G) continuous process technology package that converts woody and non-food derived agricultural residues into 2G ethanol and biochar without the use of enzymes; offered internationally to biomass producers and end-commercial customers.
- 2G Ethanol (Bioethanol)
Quantifiable outcome
- Project Speedbird will reduce net CO₂ emissions by approximately 500,000 tonnes per year vs fossil jet fuel
- +3 more outcomes
Companies that use Nova Pangaea Technologies
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles4 records
Nova Pangaea Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Nova Pangaea Technologies partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered major and core.
- Sembcorp Energy UKmajorExclusivity Agreement and Heads of Terms signed for plot at Wilton International to host Nova Pangaea's first commercial plant NOVAONE and new headquarters. Sembcorp provides infrastructure, utilities and services within Teesside Freeport zone.
- British AirwayscoreBritish Airways is partner in Project Speedbird and intends to offtake all SAF produced from the facility to power flights. Partnership supports British Airways' goal of using SAF for 10% of its fuel by 2030.
- LanzaJetcoreLanzaJet is partner in Project Speedbird and processes NPT's 2G ethanol into SAF and renewable diesel through its Alcohol-to-Jet (AtJ) technology. Their technology was first deployed at LanzaJet's Freedom Pines Facility in Georgia, USA.
- A.W. Jenkinson Forest ProductsmajorA.W. Jenkinson Forest Products will be an exclusive feedstock provider of woody residue from forestry operations in Northern England and Scotland for NPT's commercial scale 2G ethanol and biochar production facility. Executed feedstock and biochar offtake Heads of Terms.
Scale indicators12 records
Recent moves7 records
Expansion highlights7 records
Nova Pangaea Technologies competitors and assessment
Company assessmentDirect peers
- LanzaJet: LanzaJet is NPT's downstream technology partner on Project Speedbird and a direct peer in the alcohol-to-jet (AtJ) SAF space. Both companies produce SAF from ethanol; LanzaJet operates the Freedom Pines Fuels facility (the world's first commercial AtJ plant) and is competing for similar airline offtake and grant funding.
- Fulcrum BioEnergy: Fulcrum converts municipal solid waste into synthetic crude oil that is upgraded into SAF. Like NPT, Fulcrum is pre-commercial to early-commercial in waste-to-SAF, pursues similar airline offtakes (e.g., Cathay, BP), and is racing to commission first-of-kind plants in a similarly capital-intensive manner.
- Gevo: Gevo is a US-listed renewable fuels company producing low-carbon hydrocarbons including SAF via alcohol-to-jet pathways from agricultural residues. Gevo competes head-to-head with NPT for AtJ airline customers and shares similar feedstock, regulatory, and carbon-intensity economics.
- Aemetis: Aemetis is a US renewable fuels company producing low-carbon fuels from agricultural and forestry residues, including cellulosic ethanol and renewable diesel/jet. Aemetis pursues similar feedstock-to-jet pathways and competes for airline offtake, government incentives, and project capital in adjacent geographies.
- Velocys: Velocys develops Fischer-Tropsch (FT) processes to convert waste and biomass into SAF. As a UK-listed clean fuels developer targeting commercial-scale SAF production, Velocys competes with NPT for airline offtake agreements, government grants, and project capital in the same regulatory market.
Others
- CarbonCure (biochar and carbon-removal peers such as Carbonfuture): Carbonfuture is a carbon-removal marketplace and registry focused on biochar and engineered carbon removal credits. It is comparable to NPT's biochar business (NOVACHAR) on the carbon-credit side, helping monetize biochar sequestration through verified removal certificates.
Broad incumbents
- Neste: Neste is the global SAF market leader, producing renewable diesel and SAF primarily via HEFA (used cooking oil/waste fats). NPT's CCO Jonathan Wood previously led Neste's SAF business; Neste's scale and HEFA dominance set the price benchmark that NPT's AtJ route must compete against.
Emerging players
- Prometheus Fuels: Prometheus Fuels is a US-based startup producing net-zero gasoline and jet fuel from atmospheric CO2 and renewable electricity. It competes with NPT for aviation decarbonization investment and represents an alternative synthetic-fuel pathway targeting similar airlines and carbon-neutral outcomes.
- Sunfire: Sunfire is a German e-fuels developer producing synthetic SAF and e-kerosene from green hydrogen and CO2. Sunfire is an emerging competitor in the broader low-carbon SAF landscape pursuing similar offtake with European airlines and policy support, though using Power-to-Liquid rather than biochemical routes.
- Infinium: Infinium (formerly Greyrock Energy) produces low-carbon e-fuels including e-SAF from green hydrogen and captured CO2. As an emerging player in the alternative SAF space, Infinium competes for the same airline decarbonization budgets and policy support, though via an electrofuel rather than biochemical pathway.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Nova Pangaea Technologies social profiles
Digital presenceNova Pangaea Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nova Pangaea Technologies leadership team
Management profileNumber of profiles
Profiles12 records
Nova Pangaea Technologies funding detail
Funding detailFunding overview
Funding rounds11 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nova Pangaea Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nova Pangaea Technologies
What does Nova Pangaea Technologies do?
Nova Pangaea Technologies has developed REFNOVA®, a proprietary patented second generation (2G) technology process that converts woody and non-food derived agricultural residues into 2G ethanol and biochar. The 2G ethanol is processed via LanzaJet's alcohol-to-jet (AtJ) pathway into Sustainable Aviation Fuel (SAF), and the biochar co-product delivers carbon sequestration for industrial decarbonisation. The company operates its own demonstration plant at Wilton International and is developing its first commercial plant, NOVAONE, as part of Project Speedbird.
Is Nova Pangaea Technologies a public or private company?
Nova Pangaea Technologies is a private company. It is classified as venture growth investor backed and is currently operating.
When was Nova Pangaea Technologies founded?
Nova Pangaea Technologies was founded in 2008. It employs 11 to 50 people.
Where is Nova Pangaea Technologies based?
Nova Pangaea Technologies is headquartered in Wilton, United Kingdom, in the Europe region.
How does Nova Pangaea Technologies make money?
Four revenue lines are on record. SAF (Sustainable Aviation Fuel) Production is the primary driver. The others are 2G Ethanol Sales, biochar Sales and technology Licensing.
Who are Nova Pangaea Technologies's main competitors?
Direct peers on record are LanzaJet, Fulcrum BioEnergy, Gevo, Aemetis and Velocys. CarbonCure (biochar and carbon-removal peers such as Carbonfuture) is listed as an others. Neste is listed as a broad incumbent. Emerging players are Prometheus Fuels, Sunfire and Infinium.
Does Nova Pangaea Technologies have an API?
No public API is recorded for Nova Pangaea Technologies.
What industry is Nova Pangaea Technologies in?
Nova Pangaea Technologies's product category is Sustainable Aviation Fuel and Bioenergy Production. Its primary akta.pro industry code is EUAAAHAE, Sustainable Aviation Fuel (SAF) Production (HEFA, FT, ATJ), with a secondary code of EUAAAIAM, Bio-based Carbon Products & Advanced Bioproducts (Biochar, activated carbon, carbon black alternatives). Its NAICS code is 325193 and its SIC code is 2860.