Air France-KLM’s Post

Air France KLM became a co-investor in a Sustainable Aviation Fuel (SAF) What is SAF? Sustainable Aviation Fuel (SAF) is made from more sustainable resources. Like waste oils of organic origins (such as used cooking oil). This means the Sustainable Aviation Fuel we use: Is a renewable feedstock Emits at least 75% less CO₂ than fossil jet fuel throughout its lifecycle, from production to combustion Reduces other harmful emissions like particulates and sulphur #AIRFRANCE #KLM #SAF #SUSTAINABILITY #COOPERATION #EMISSIONS #CO2 #FLYING #TRAVEL #AIRLINES

Airbus and partners invest in Sustainable Aviation Fuel financing fund. Airbus, the Air France-KLM Group, Associated Energy Group, LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and Qantas Airways Limited co-invested in a Sustainable Aviation Fuel (SAF) financing fund to accelerate the production of SAF. The corporate partners worked with investment manager Burnham Sterling Asset Management to establish the Sustainable Aviation Fuel Financing Alliance (SAFFA) investment fund in which Airbus is the Anchor Investor. The commitment from the seven partners is amounting to an aggregate of approx. US$200 million. Each partner brings experience and financial expertise to the fund with the ambition to accelerate the availability of SAF by investing mainly in technologically mature SAF-producing projects using for instance waste-based feedstocks. Investments will be diversified across various SAF's production pathways and also by region. #airbus #renewableenergy #fuel #aviation #airlines

BNP Paribas has co-invested in the Sustainable Aviation Fuel Financing Alliance (SAFFA) #investment fund.   Alongside anchor investor Airbus, the Bank joined partners Air France-KLM, AEG FUELS, Burnham Sterling Asset Management (as fund manager), Mitsubishi HC Capital Inc. and Qantas, to accelerate the production of Sustainable Aviation Fuel (SAF). The initial partners have committed an aggregate of approx. US$200 million.    SAF refers to fuels used to power aircraft and produced from non-fossil energy sources. It is collectively one of the most effective instruments readily available for aircraft operators to reduce carbon emissions.   The new alliance aims to scale up the availability of SAF by investing mainly in relatively technologically mature SAF-producing projects, using for instance, waste-based feedstocks. The SAFFA partners will also have the opportunity to enter into priority offtake contracts for SAF produced by the supported projects.   Bertrand Dehouck, Head of Transportation Capital Markets, BNP Paribas comments: “The Bank is proud to support SAFFA and the accelerated use of SAF, underlining our continued commitment to supporting the decarbonisation of our clients’ industries.”   #BNPPRealAssets #BNPP4clients #aviation #finance #investment Khoi Anh Berger Luong Pierre Semeria Soucail Bertrand Dehouck Florian Baufreton Ola Sekkesaeter @Serge Konczaty Séverine Mateo Roland Kahalé,

Jet2 purchases 650 tonnes of SAF from Shell Jet2 announced that it has purchased around 650 tonnes of sustainable aviation fuel (SAF) from Shell to be used at London Stansted Airport during 2024. Earlier in March, Jet2 announced plans to use around 350 tonnes of SAF from Shell to be used at Bristol Airport in 2024. So far, during 2024, Jet2.com has purchased approximately 1,000 tonnes of SAF. The airline has made an equity investment into a SAF plant currently being developed by Fulcrum BioEnergy, Inc. Ltd. The airline has an offtake agreement with the producer to buy up to 200m litres of SAF once the waste-to-fuels facility becomes operational. Read full below. https://lnkd.in/epe6muRy

Jet2.com and Jet2holidays has taken significant strides in sustainable aviation, announcing the purchase of approximately 650 tonnes of Sustainable Aviation Fuel (SAF) from Shell for use at London Stansted Airport in 2024. This follows their earlier commitment to use 350 tonnes of SAF at Bristol Airport this year, bringing their total SAF purchases in 2024 to around 1,000 tonnes. In a bid to further support sustainable practices, Jet2 has also invested in a SAF plant being developed by Fulcrum BioEnergy, Inc. This investment aligns with Jet2's goal to purchase up to 200 million litres of SAF from Fulcrum BioEnergy Ltd once the waste-to-fuels facility is operational. Steve Heapy, CEO of Jet2.com and Jet2holidays, emphasized the airline's dedication to SAF and its potential to revolutionize aviation. However, Heapy also pointed out the need for accelerated progress in SAF adoption in the UK. He called on the government to implement the price revenue mechanism earlier than the current 2026 timeline to encourage investment in SAF production within the country. Jet2's proactive approach to sustainable aviation sets a positive example for the industry, highlighting the importance of collaboration between airlines, fuel suppliers, and policymakers to achieve greener air travel. For a deeper dive into Jet2's sustainability initiatives and their impact on the aviation industry, visit our blog. #AvfoilNews #SustainableAviationFuel #GreenAviation #Jet2Sustainability #SAFInvestment #EnvironmentalImpact

Australians know how important air travel is to keep us connected at home and with the rest of the world, whether it’s for work, study, holidays or seeing loved ones. The International Air Transport Association has estimated that sustainable aviation fuel, which is produced from sustainable sources including feedstocks and agricultural produce, could contribute up to 65 per cent of the emissions reductions required for the global aviation sector to reach net zero by 2050. We're working closely with others in the sector, including undertaking a joint feasibility study with GrainCorp, to find ways to deliver sustainable fuel production facilities in Australia. #sustainableaviationfuel #SAF #aviation #IFMInvestors

The challenging road to Net Zero is hot topic at the moment. Here are our key takeaways from SAF Investor 2024...

Aviation is one of the hardest sectors to decarbonise and it’s going to take partnerships across industries to help close the gap between the supply and demand of sustainable aviation fuel (SAF). We’ve joined with Airbus, Air France-KLM, Mitsubishi HC Capital America, Inc., BNP Paribas, AEG FUELS and Burnham Sterling Asset Management (as fund manager) to help accelerate global production of SAF. The Sustainable Aviation Fuel Financing Alliance (SAFFA) fund has been formed to invest in SAF technology development and production projects with an initial focus on opportunities that repurpose existing infrastructure. Our investment in the SAFFA fund will help us access SAF sooner in key overseas markets and help drive the development of the overall industry, while we maintain our strong focus on Australian projects to accelerate the establishment of a domestic industry. Find out more: https://bit.ly/3Wkknu9

It’s our largest Qantas Climate Fund investment yet and with some very significant partners. To get more SAF in to the wing of our aircraft we’re working hard here in Australia and globally with a coalition of equally determined collaborators. This week’s announcement sees us and six other partners from around the world commit $US200m in to SAF, with the flying kangaroo initially committing US$50m (AU$75m) from our Climate Fund. The Sustainable Aviation Fuel Financing Alliance (SAFFA) fund has been formed with anchor-investor Airbus as well as Qantas, Air France-KLM, Mitsubishi HC Capital Inc., BNP Paribas, Associated Energy Group, and Burnham Sterling Asset Management. Thank you to the whole Qantas team who helped make this happen and Airbus for your leadership on SAFFA. Through SAFFA, the partners will invest in SAF technology development and production projects with an initial focus on opportunities that repurpose existing infrastructure. Investments will be initially focused in the United States, but in time are expected to be diversified across various SAF production pathways and regions. Qantas and the SAFFA partners will also have opportunities to enter into priority offtake contracts for the supply of SAF produced through the supported projects. The fund made its first investment in April in US-based technology company Crysalis Biosciences, which aims to renew chemical manufacturing infrastructure with new fuel and chemical production technologies. SAFFA will invest in projects that are technologically mature with a focus on commercial viability to help improve access to and drive down the cost of low-carbon fuels. We are confident the SAFFA fund will enable us to get priority access to SAF sooner in key overseas markets while helping drive the development of the overall industry. And in addition to this investment in SAFFA, we continue to deeply evaluate additional domestic opportunities for investment from our Fund which we expect to finalise in the coming months. So from Far North Queensland, Western Australia, Illinois, the UK, Europe and California our investments in, and uptake of SAF and associated feedstocks continues.

SAF INVESTOR 2024 - KEY TAKEAWAYS ON OUR JOURNEY TO NET ZERO There is a faint green light in the distance. The light appears a long way up a steep hill and we don’t have all the equipment needed to navigate our way. But there is a light nonetheless, and we do need to get there. The question is whether we can get there in time. SAF Investor 2024 saw people and businesses spanning the aviation, energy and finance industries come together under one roof to discuss, debate and explain the issues facing the development and production of sustainable aviation fuel (SAF). Why? Because aviation must reach NetZero by 2050. 2050 may feel a long way off – we have 26 more years of technological development and innovation to go – however 2050 is not the only goal on the roadmap to decarbonisation. Governments and international aviation bodies have committed to meet additional targets to ensure aviation keeps on track. In Europe for example, regulations have been enacted to oblige aviation fuel suppliers to have minimum 2% share of SAF from 2025 with this increasing progressively to 70% by 2050. In the US the goal is to increase SAF production to 3 billion gallons per year by 2030. And where are we at today? The SAF currently in production can only cater for 0.5% of all flights globally. All delegates agreed there is a big hill to climb. Amongst the debate and, at times, a blame game regarding who should be investing into SAF, there were positive takeaways from SAF Investor 2024... Read here: https://lnkd.in/eu5-awnS #netzero #aviation #aviationnews #aviationdaily #sustainability