STX Group opens access to SAF certificates
In the Netherlands, STX Group announced the completion of the first successful delivery of sustainable aviation fuel certificates (SAFc).
The first delivery is part of a series of SAFc trades by the company aimed at expanding the corporate buyers’ market access to SAFc and leveraging the firm’s expertise and global sourcing network, the firm said.
SAFc is an established market-based mechanism decoupling the environmental attribute of Sustainable Aviation Fuel (SAF) from the physical product through a ‘book and claim’ system and has become an important tool to reduce the environmental impact of essential business travel and air freight.
Due to its accessibility, SAFc is often used by corporates to claim the environmental attributes of SAF against their business travel or air freight emissions. Purchasing SAFc supports the replacement of fossil kerosene with SAF which has less life-cycle emissions and therefore offers a readily implementable, transparent and scalable solution for corporates looking to address their Scope 3 emissions.
“We are thrilled to play a role in shaping the SAFc industry by bringing more liquidity to the market. Our long history of trading niche environmental commodity products underlines our role in enhancing liquidity on the new commodity markets. We are therefore well positioned to grow the SAFc industry further, help to scale production and provide access,” said Fabian Roobeek, Managing Partner at STX Group.
Category: SAF
