Corporate Giants Invest $200M in Sustainable Aviation Fuel to Cut 500,000 Tons of CO2

Sunita Somvanshi Sunita Somvanshi

Corporate heavyweights like Bank of America, AstraZeneca and JPMorgan Chase are pooling $200M for SAF certificates.

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Nearly 50 million gallons of high-integrity SAF will be purchased over five years.

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This investment aims to cut 500,000 tons of CO2, equal to the emissions of 3,000 NY-London flights.

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The multi-year agreements involve 20 corporate aviation customers, four fuel providers, and three airlines.

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SAF, made from renewable feedstocks or waste, can be used in current aircraft without upgrades.

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Elizabeth Sturcken of EDF emphasizes the need to scale SAF production to decarbonize air travel.

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The digital SAFc Registry will enhance transparency and integrity in SAF certificate transactions.

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SAF currently powers less than 0.1% of U.S. domestic flights but is set to grow significantly.

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Skepticism still remains about SAF certificates, but validation mechanisms are emerging.

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