In Korea, Business Korea reported that Samsung E&A and Korean Air will collaborate to enter the U.S. sustainable aviation fuel (SAF) market.
This agreement encompasses discovery and review of overseas SAF production projects, review of participation in long-term SAF purchases and mutual support, review of investments in SAF-related new technologies and projects, and Korean Air’s participation as a partner in Samsung E&A’s SAF technology alliance, according to the report.
Through this collaboration, both companies have agreed to work closely together to establish stable SAF production and supply chains while discovering related business opportunities by utilizing their respective expertise and networks. As a priority, both companies plan to focus on the U.S. market and begin a full-scale review of local project participation, it added.
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