The Sustainable
Aviation Buyers Alliance—which includes corporations such as Bank of
America, Boom Supersonic, Boston Consulting Group, JPMorgan Chase and Meta—plans
to purchase sustainable aviation fuel certificates at scale, the organization
announced last week.
The alliance members are purchasing SAF certificates linked
to 850,000 gallons of high-integrity SAF, which is produced by World Energy and
will be used to fuel JetBlue flights this year. The corporations purchasing the
SAF certificates will pay some or all of the premium associated with SAF,
according to SABA.
There was a competition open to major U.S. and international
carriers and required proposals demonstrate that fuel met key sustainability
criteria in alignment with SABA’s goal of scaling the market for high-integrity
SAF.
The move from previous individual SAF certificate purchases
by corporations “dramatically strengthens the demand signal aviation
customer are sending to the SAF market,” according to SABA.
The alliance plans to launch a second competitive
procurement process where it seeks to purchase SAF certificates across a
five-year timeframe. This second process will be open to all airlines and fuel
providers, according to SABA.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Education News Click Here
For the latest news and updates, follow us on Google News.
