Increasing Demand for Sustainable Aviation Fuel
The need for sustainable fuels – especially jet fuel – is proving to be a core component of the strategy for eliminating the 1.2 billion tons of CO2 emissions that the global aviation industry produces every year . Recent news from key stakeholders in both the aviation and freight forwarding industries indicates a new level of commitment toward widespread adoption of sustainable aviation fuel (SAF).
DHL estimates it will avoid 80,000 Tons of carbon emissions with recent purchase of SAF
In a recent press release, Deutsche Post DHL Group’s air and ocean freight business, DHL Global Forwarding, announced that they’ve entered into an agreement to acquire 33 million liters of sustainable aviation fuel (SAF) from Air France KLM Martinair Cargo (AFKLMP), marking one of the most significant SAF purchases to date in the Freight Forwarding industry. As a result of its agreement with Air France KLM, DHL estimates it will avoid 80,000 Tons of carbon emissions.
American Airlines Commits to purchase 120 million gallons of SAF
In an even larger agreement in the commercial aviation sector, American Airlines announced an agreement with California-based Aemetis to purchase 120 million gallons of SAF, further signaling the integral role SAF will play in reducing carbon emissions in the aviation industry. American, the only passenger carrier to appear on the 2021 Dow Jones Sustainability North America Index, is part of the Oneworld global airline alliance, which has committed to net-zero emissions by 2050.
“The American Airlines team is committed to reducing emissions from our operations, and sustainable aviation fuel is the cornerstone of our strategy in this decade,” Doug Parker, chairman and CEO of American, said in a statement.
The ability to significantly reduce carbon emissions will require widespread adoption of SAF across the commercial, general, and military sectors of the aviation industry. With these recent developments, it appears that EFT is well positioned to become a player in the adoption of SAF, a cornerstone of the path being carved by the aviation industry to net-zero .
To access EFT’s offering circular and learn more about the company, its offering, including the risks, please click here.
REFERENCES:  Lee et al (2020) The contribution of global aviation to anthropogenic climate forcing for 2000 to 2018
DISCLOSURE: Social Media Disclosure – Invest Justly
For further information, please contact JUSTLY Marketing Lead:
Aruna N Inalsingh