Carbon Neutral Fuels

Name

Carbon Neutral Fuels

Legal name

Carbon Neutral Fuels Ltd.

Website

https://cnf.energy

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Sustainable Aviation Fuel

NAICS

Petroleum Refineries (32411), Petrochemical Manufacturing (32511)

akta.pro primary industry

E‑Fuels & Synthetic Hydrocarbons (e‑kerosene, e‑diesel, e‑gasoline, e‑methane) (EUABAIAA)

akta.pro secondary industries

Sustainable Aviation Fuel (SAF) & Alternative Fuels (e-fuels, biofuels, hydrogen) (THABANAA), Sustainable Aviation Fuel (SAF) Production (HEFA, FT, ATJ) (EUAAAHAE), CO₂‑Derived Synthetic Fuels for Aviation & Marine (SAF e‑fuels, e‑ammonia/e‑methanol bunkering pathways) (EUABAIAH), E-fuels Storage & Blending (E-diesel, E-kerosene/SAF, E-gasoline) (EUAFAFAC)

Keywords

• Sustainable aviation fuel
• Power-to-liquid fuels
• E-fuels production
• Methanol-to-jet technology
• Carbon neutral fuel

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Technology or R&D, Operations, Supply Chain, Personnel

Revenue model

1. Sustainable Aviation Fuel (SAF) Sales: Revenue generated from producing and selling Sustainable Aviation Fuel to airlines and aviation fuel distributors, supporting compliance with ReFuelEU Aviation Regulation and UK SAF mandate requirements
2. Equity Crowdfunding: Capital raised through equity crowdfunding campaigns on Crowdcube platform, offering retail investors equity stakes in the company's eSAF projects
3. Marine Fuel Sales (Pyrolysis Oil): Revenue from converting plastic waste to pyrolysis oil for marine fuel use, deployed through Caribbean port-based infrastructure serving cruise sector

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Carbon Neutral Fuels produces and plans to sell Sustainable Aviation Fuel (SAF) manufactured via Power-to-Liquid (PtL) and Methanol-to-Jet pathways from air, water, and renewable electricity. Its flagship Project Starling is a 25,000 tonnes/annum eSAF facility under development in Workington, UK (production targeted 2031), supplemented by the ASAP-MTJ methanol-to-jet facility at 100-200 ktpa. The company is also developing port-based plastic pyrolysis infrastructure for marine fuel in the Caribbean.

Product overview

Carbon Neutral Fuels operates as an e-fuels and sustainable aviation fuel (SAF) production company with two main product pathways. Project Starling is the company's flagship Power-to-Liquid (PtL) facility using SOEC electrolyzer technology combined with Fischer-Tropsch synthesis to produce eSAF at 25,000 tonnes annually, with production targeted for 2031. ASAP-MTJ represents the company's second major product pathway, a larger-scale Methanol-to-Jet facility designed to convert e-methanol and biomethanol into SAF at 100-200 ktpa capacity. Both products are complementary pathways toward scalable SAF production using different conversion technologies (PtL vs methanol-to-jet) to address the same market need.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Starling eSAF First of a Kind Power-to-Liquid E-Fuel facility in Workington, UK, producing 25,000 tonnes of Sustainable Aviation Fuel (eSAF) annually using SOEC electrolyzer technology combined with Fischer-Tropsch synthesis and upgrading. Aimed at commercial airlines and aviation fuel distributors seeking to comply with the UK SAF mandate and ReFuelEU Aviation Regulation.
• ASAP-MTJ (Methanol-to-Jet SAF) Second-generation Methanol-to-Jet facility designed to convert e-methanol and biomethanol into Sustainable Aviation Fuel at 100-200 ktpa capacity, complementary to Project Starling. Aimed at commercial airlines and aviation fuel distributors.
• Pyrolysis-derived Marine Fuel (Caribbean) Plastic-to-fuel pyrolysis infrastructure deployed via the EcoCreation partnership in Caribbean port facilities to convert plastic waste into marine fuel for cruise operators and maritime customers.

Quantifiable outcome

• 25,000 tonnes of SAF produced annually at Project Starling facility
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core, major and minor.

• Johnson MattheycoreTechnology or IntegrationStrategic technology licensing partnership for Fischer-Tropsch CANS technology at Project Starling e-fuels facility. Johnson Matthey provides core synthesis gas conversion technology for producing liquid hydrocarbons from renewable sources.
• bpcoreTechnology or IntegrationTechnology partnership for FT CANS (Fischer-Tropsch from bp and Johnson Matthey) at Project Starling. bp provides Fischer-Tropsch technology expertise for e-fuel production.
• Honeywell UOPcoreTechnology or IntegrationLicensing of Fischer-Tropsch Unicracking technology for Project Starling facility to upgrade Fischer-Tropsch products into jet fuel meeting aviation specifications.
• TopsoecoreTechnology or IntegrationStrategic partnership for SOEC (Solid Oxide Electrolysis Cell) electrolyzer technology to advance e-SAF production. Topsoe provides high-efficiency green hydrogen production technology through solid oxide electrolysis.
• The Carbon RemoverscoreStrategic or Co-development PartnerUK infrastructure partnership for sustainable aviation fuel development. Collaboration to build UK infrastructure for SAF production and distribution.
• EcoCreation LTDmajorStrategic or Co-development PartnerJoint exploration of port-based plastic-to-fuel infrastructure for Caribbean cruise sector. Partnership aims to deploy up to 120 pyrolysis facilities processing 300,000 metric tons of plastic annually, starting with Puerto Rico.
• Shell Startup EngineminorStrategic or Co-development PartnerPartner ecosystem connection through Shell's startup acceleration program for technology and innovation collaboration.
• io consultingcoreImplementation/ SI/ Consulting PartnerEngineering consulting partnership for project development and delivery. io consulting worked with CNF to complete AFF3 engineering milestone and won IChemE Highly Commended award together.
• CrowdcubecoreChannel Partner/ Reseller/ DistributorEquity crowdfunding platform partnership for retail investor engagement. Crowdcube enables direct investment in Carbon Neutral Fuels' eSAF projects, returning for multiple funding campaigns.
• TrailfindersminorGTM or Marketing PartnerTravel company partnership for marketing and customer engagement in the aviation/sustainable travel space.
• Mission ZerominorStrategic or Co-development PartnerClean energy mission-focused partnership supporting sustainable aviation fuel development and deployment.
• Sustainable.aerominorStrategic or Co-development PartnerAviation sustainability focused partnership for industry collaboration and market development.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• HIF Global: Developer of commercial-scale e-fuels (eSAF, e-gasoline, e-diesel) using Power-to-Liquid and CO₂ capture. Closest direct competitor to CNF, pursuing first-of-a-kind plants in Chile, the US, and Europe with similar technology provider partnerships.
• Norsk e-Fuel: Norwegian eSAF producer building a PtL facility using SOEC electrolyzers and Fischer-Tropsch synthesis. Direct competitor to CNF's Project Starling in the European eSAF market, with similar first-of-a-kind execution profile.
• Infinium: US-based e-fuels company producing eSAF and other synthetic fuels from captured CO₂ and green hydrogen. Competes with CNF for eSAF offtake agreements and similar Power-to-Liquid project pipeline.
• Atmosfair: German non-profit producing small-scale eSAF for airlines via PtL. Overlaps with CNF in the European compliance-driven eSAF market and similar technological approach.
• Prometheus Fuels: US-based e-fuels startup developing direct air capture-to-jet pathways. Competes with CNF in the drop-in synthetic aviation fuel category targeting airline decarbonization.
• LanzaJet: SAF producer using alcohol-to-jet (ATJ) pathway at commercial scale. While feedstock-different, LanzaJet is a direct competitor for airline SAF offtake contracts in the same regulatory-driven market CNF targets.
• Velocys: Fischer-Tropsch SAF technology provider and project developer. Direct competitor using overlapping FT technology pathway; also a potential technology partner or licensor overlap with CNF's stack.

Emerging players

• Sunfire: German SOEC electrolyzer and Power-to-Liquids technology developer. Comparable to CNF through its high-temperature electrolyzer technology and PtL eSAF partnerships with major industrial players.

Broad incumbents

• Aemetis: Established renewable fuels producer (biodiesel, SAF) with operating assets. While not a direct eSAF competitor, it competes for the same airline SAF procurement dollars and demonstrates the scale and execution requirements of commercial SAF production.

Others

• Topsoe: CNF's core SOEC electrolyzer technology partner. Listed because Topsoe's technology platform also enables competing eSAF project developers, making it a critical adjacency for both enablement and competitive risk.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/carbonneutralfuels
• Xx.com/cnfenergy

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carbon Neutral Fuels