Mr. Dan Sutton reports

SYNTHOLENE ENERGY CORP COMMENCES TRADING ON TSX VENTURE EXCHANGE UNDER SYMBOL 'ESAF'

Syntholene Energy Corp.'s shares have commenced trading on the TSX Venture Exchange under the symbol ESAF, positioning the company as the first publicly traded pure-play synthetic fuel company in the world.

"Listing on the TSX-V marks a pivotal moment for Syntholene as we embark on our mission to deliver high performance and capital-efficient synthetic fuel to the airline industry and beyond," stated Syntholene chief executive officer Dan Sutton. "Our team is excited to share Syntholene's objectives with investors, build lasting partnerships and take our place in the rapid growth sector e-fuel sector. We are ready to get to work to build an opportunity for shareholders to participate from day one of this new era for low-cost, high performance and carbon-neutral e-fuels."

Syntholene is actively commercializing its novel thermal hybrid production process for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel (eSAF or e-fuel), produced at 70-per-cent lower cost than the nearest competing technology today. The company's mission is to deliver the world's first truly high performance, low-cost and carbon-neutral synthetic fuel at an industrial scale. Syntholene's production pathway aims to drive emissions reduction into carbon negativity, and to actively reduce carbon in the atmosphere with every liter consumed.

E-fuel market

Synthetic aviation fuel is a clean, drop-in-ready jet fuel made from renewable power, green hydrogen and captured CO2 (carbon dioxide), offering up to 90-per-cent lower life cycle emissions and helping airlines meet global decarbonization mandates without changing their aircraft engines or retrofitting.

The broader global aviation fuel market size was valued by Fortune Business Insights at $391.23-billion (U.S.) in 2023 and is projected to grow from $431.70-billion (U.S.) in 2024 to $819.73-billion (U.S.) by 2032, exhibiting a CAGR (compound annual growth rate) of 8.35 per cent during the forecast period.

According to a report by MarketsandMarkets, the global sustainable aviation fuel market is projected to expand from an estimated $2.06-billion (U.S.) in 2025 to approximately $$25.62-billion (U.S.) by 2030, representing a compound annual growth rate (CAGR) of about 65.5 per cent.

Within these projections lies the ReFuelEU Aviation Regulation, the European Union's landmark mandate requiring airlines and fuel suppliers to adopt sustainable aviation fuel (SAF) at all major EU and EU economic zone airports starting in 2025. The regulation sets binding, rising SAF blending requirements of 2 per cent in 2025, 6 per cent in 2030, 20 per cent in 2035 and up to 70 per cent by 2050, creating one of the world's largest guaranteed markets for clean jet fuel.

The EU has also paired this demand-side measure with a supply-side subsidy, offering up to six euros per litre to airlines that purchase eSAF specifically. The combination of mandated demand and subsidized supply underscores the EU's seriousness about bolstering the rapid scale-up of eSAF production from producers like Syntholene.

About Syntholene

Syntholene is actively commercializing its novel hybrid thermal production system for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70-per-cent lower cost than the nearest competing technology today. The company's mission is to deliver the world's first truly high performance, low-cost and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Syntholene's power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20 megawatts of dedicated energy to support the company's upcoming demonstration facility and commercial scale-up.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral e-fuels across global markets.

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