Haffner Energy Establishes Strategic Partnership in Canada
Haffner Energy has entered into a partnership with a Canadian entity to deploy its technology in the biofuel sector.
Initial Project in Quebec
According to Haffner Energy, an initial 5 MW project will be launched in Quebec, generating 4.2 million euros in sales of equipment and services. As all the equipment is already in stock, revenue recognition will occur upon the contract's commencement, without significant disbursement, as engineering services are provided internally. The firm order associated with this project is expected to be finalized before the end of the fiscal year, March 31, 2026.
Formation of a Joint Venture
The agreement includes the establishment of a joint venture that will hold an exclusive license in Canada, except for certain applications. Haffner Energy will own 49% of the capital of this entity through the license contributed in kind. The joint venture will market the technology, produce the majority of the licensed equipment in accordance with Canadian standards, and develop the facilities by involving a network of Canadian farmer co-shareholders.
Implementation of Multi-Energy Hubs
The company plans to set up multi-energy hubs, each based on one or more 20 MW SYNOCA® thermolysis units. These hubs will allow for the flexible production of various renewable fuels. The first hubs are expected to be launched in 2026, benefiting from the abundant Canadian biomass, an asset for Haffner Energy in the current energy context.
