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IAG Secures Long-Term Deal with Twelve for Sustainable Aviation Fuel
Here's an article on ESG News. According to it:
- IAG, owner of British Airways, has signed a fourteen-year deal with California-based e-SAF producer Twelve, known for its power-to-liquid technology.
- The contract will provide IAG with sustainable aviation fuel (SAF), reducing greenhouse gas emissions by up to 90%, with the first deliveries expected by 2025.
- This partnership is in alignment with IAG's goal of flying with 10% SAF by 2030
Here are some key developments on SAF fuel around the world:
- Metafuels, a Swiss startup, has raised $8 million in seed funding to develop its sustainable aviation fuel technology, "aerobrew," which is compatible with current aircraft.
- The European Union's ReFuelEU Aviation initiative mandates a minimum 2% SAF blending in jet fuel by 2025, rising to 5% by 2030 and 63% by 2050
- Airbus, Air France-KLM, and Total Energies have partnered to develop an e-SAF production facility in France, aiming to produce 2 million tonnes of e-SAF per year by 2030.
