Swift Fuels, an Indiana company that is developing a replacement for 100LL, has inked a deal that will allow a German firm to develop and sell 100SF in Europe.
The transaction allows Zweibrücken, Germany-based Swift Fuel GmbH to license Swift Fuel’s intellectual property and technical expertise. In return Swift Fuels has acquired a 50% stake in the German firm.
Chris D’Acosta, CEO of Swift Fuels, explained how the transaction benefits Swift Fuel GmbH: “We are helping Swift Fuel GmbH to be uniquely positioned in unleaded aviation fuels across Europe and to allow key investors to participate in this opportunity.”
D’Acosta said the business deal will allow Swift Fuel GmbH to develop and sell high-performance fuels, additives and specialty chemicals across Europe.
“This is a major milestone in our efforts to broaden Swift Fuels’ market coverage and deepen our technical base,” he said. “I have the highest confidence and greatest respect for Thomas Albuzat and Andreas Penner, who founded Swift Fuel GmbH.”
Swift Fuels is a private enterprise developing a replacement for leaded avgas from biomass sources.