AMAG Group signs offtake agreement for solar gasoline with Synhelion

Zurich, January 13, 2025

AMAG Group AG, a leading Swiss automotive company, has signed a long-term offtake agreement for solar gasoline with cleantech company Synhelion. Starting in 2027, AMAG Group will purchase 50’000 liters of solar gasoline per year to reduce the CO₂ emissions of its existing fleet.

This step marks another milestone in the partnership between the AMAG Group and Synhelion and underlines the common goal of driving sustainable mobility solutions forward. The innovative solar gasoline will be produced at plant RISE in Spain, Synhelion’s first commercial solar fuel plant.

Solar gasoline for CO₂ reduction of the existing fleet
AMAG Group is committed to the electrification of mobility and actively promotes the transition to electric vehicles. In addition, synthetic fuels such as Synhelion’s solar gasoline can reduce the CO₂ emissions of the existing fleet. Helmut Ruhl, CEO of the AMAG Group, states: “By investing in Synhelion and purchasing its solar fuel, we are supporting an innovative Swiss cleantech company and enabling our customers to power their internal combustion engine cars in a climate-friendly manner. If the approximately two million cars still on Swiss roads in 2040 could be fueled with solar fuels, Switzerland’s CO₂ emissions would drop by about 10 percent. Synthetic fuels can therefore make a significant contribution to achieving Switzerland’s climate goals.”

Progress in solar fuel production
Synhelion is successfully industrializing its unique technology for the production of synthetic fuels from solar energy. In June 2024, the company opened DAWN, the first industrial-scale demonstration plant for the production of renewable fuels from solar energy in Jülich, Germany. With RISE, the first commercial solar fuel plant in Spain, Synhelion plans to produce 1’000 tons of renewable kerosene, diesel, and gasoline per year starting in 2027. Philipp Furler, Co-CEO and Co-Founder of Synhelion, adds: “The collaboration with AMAG Group shows that our technology can make a significant contribution to defossilization not only in aviation and shipping, but also in the automotive sector. We are very pleased to have AMAG Group not only as an investor, but also as a key customer for solar gasoline in our global rollout.”

Scaling up solar fuels for road transportation
The offtake agreement between AMAG Group and Synhelion lays an important foundation for the defossilization of road transport. Together, the two companies are demonstrating how tomorrow’s mobility can be made sustainable through the use of innovative technologies.

For the full English press release, see here.
For the full German press release, see here.

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