Trafigura signs sustainable aviation fuel agreement in Uruguay as CEO highlights economic hurdles
Trafigura has signed a binding six-year offtake agreement for sustainable aviation fuel in Uruguay. CEO Richard Holtum says subsidies are vital for the sector.
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Trafigura announced a binding six-year offtake agreement on January 21, 2026, to purchase sustainable aviation fuel from Syzygy Plasmonics in Uruguay 
UY. The agreement covers the entire volume of the biogas-to-SAF project being developed by Syzygy Plasmonics, with the first deliveries expected to commence in 2028.
UY. The agreement covers the entire volume of the biogas-to-SAF project being developed by Syzygy Plasmonics, with the first deliveries expected to commence in 2028.The announcement was accompanied by comments from Richard Holtum richard holtum, the chief executive of Trafigura, who spoke at the World Economic Forum in Davos, Switzerland 
CH, on Wednesday. Richard Holtumstated that clean or low-carbon fuels require government mandates and subsidies to compete with conventional fuels, which currently cost significantly less.
CH, on Wednesday. Richard Holtumstated that clean or low-carbon fuels require government mandates and subsidies to compete with conventional fuels, which currently cost significantly less.
