785 thousand tons! IAG passed the largest SAF procurement agreement to date!
Recently, International Aviation Group (IAG) announced that it has signed the largest sustainable aviation fuel (SAF) procurement agreement with Twelve, a manufacturer of e-SAF. Under the terms of this 14-year contract, Twelve will supply 785,000 tons of e-SAF to IAG for use by its five European airlines (British Airways, Air Spain, Aer Lingus, Flynn Airlines and LEVEL).
IAG is the first European aviation group to announce the e-SAF transaction, and this purchase agreement will enable IAG to continue to increase the use of SAF. E-SAF refers to the sustainable aviation fuel that generates hydrogen from water through electro-to-liquid route and then synthesizes with CO2. E-SAF is not limited by raw materials. Compared with traditional jet fuel, E-SAF has a high degree of emission reduction and a relatively low footprint of land and water resources. The scale of e-SAF produced by electrohydraulic technology is one step closer to giving full play to SAF's goal in aviation industry.
Headquartered in Berkeley, California, Twelve is a pioneer and world leader in carbon conversion and electric oil production technology. The company has developed a proprietary technology and applied for a patent, which can produce high-quality synthetic fuel from renewable electricity and carbon dioxide. The company is building a demonstration plant in Moxi Lake, Washington, and plans to start supplying the first batch of SAF products to IAG as early as 2025.
It is reported that the two companies began to cooperate for the first time in 2020, when Twelve joined IAG's Hangar 51 startup accelerator program to commercialize Twelve's technology. Signing the purchase agreement with Twelve is an important step for IAG to reach the goal of 2030. As the first European airline group to set emission reduction targets, IAG promised to use 10% SAF instead of traditional aviation fuel. According to this purchase agreement, IAG has now reached one-third of the goal of sustainable aviation fuel in 2030.
Luis Gallego, CEO of AG, said: "We have a roadmap to achieve zero net emissions by 2050, including the goal of flying with 10% sustainable aviation fuel by 2030. The global shortage of sustainable fuels is still a problem in our industry, although innovative companies like Twelve are an important part of the solution.
"This new agreement will help achieve our goal of sustainable aviation fuel in 2030. We hope to see similar projects expand in Europe, and we look forward to cooperating with governments in major markets to establish a sustainable aviation fuel industry to provide employment opportunities, economic growth and stable sustainable aviation fuel supply.
Nicholas Flanders, co-founder and CEO of Twelve, said: "We are proud to cooperate with IAG to complete this historical transaction to promote the development of sustainable aviation industry. Our e-SAF emissions are 90% lower than those of traditional jet fuels. Our power-to-oil e-jet fuel has industry-leading emission reduction potential. Compared with other SAF routes, it has the additional advantages of abundant raw material supply and significantly reduced land and water footprint.
As part of its sustainable development roadmap, IAG has also invested in new aircraft and implemented fuel efficiency plans, purchased and invested in SAF, and promoted carbon removal to reduce any residual emissions in its operations. Recently, the group's Speedbird project in the UK-the ethanol jet fuel project between ——LanzaJet, Nova Pangaea and British Airways-received 9 million from the British government's Advanced Fuel Fund.
Source：https://mp.weixin.qq.com/s/hywlNoJ75wybeqxT8PeDDg