SAF technology firm GAFT secures€750k grant from Singapore-based Temasek Foundation

Dutch technology company GAFT has signed a formal agreement with the Singapore-based philanthropic organisation Temasek Foundation to secure €750,000 as one of the two grand winners of The Liveability Challenge 2024.
The catalytic funding will help accelerate GAFT’s technology readiness to produce formic acid using its patented electrolyser unit in Europe, before shipping this to Singapore for fermentation into fatty acids suitable for SAF production.
GAFT is using novel technology, with conventional fermentation to rapidly scale and go-to-market ahead of the impending 2030 HEFA feedstock squeeze. 100% of SAF produced in 2023 was derived from HEFA – UCO are vital in SAF but there is a global shortage on the horizon and security of supply risk. Increased demand for SAF has seen 80% of EU’s used cooking oils imported from Asia.
Frank Schreurs, chief executive officer of GAFT, said: “We are delighted to have completed our agreement with the Temasek Foundation as we continue our technology development. We know that the global SAF market will be facing a HEFA feedstock shortage by 2030 and at GAFT, we have the technology to solve this issue.”
Heng Li Lang, head, climate & liveability of Temasek Foundation, added: “GAFT’s proposal of a new, low-cost feedstock for conventional production of SAF addresses the current bottleneck of feedstock availability globally.
"It will pave the way for greater adoption of SAF and significantly reduce the carbon footprint of the aviation industry. We look forward to seeing how their technology matures using this catalytic funding.”