In Japan, Reuters reported that Japanese oil refiner Idemitsu Kosan expects cleaner fuels such as ammonia, green pellets and sustainable aviation fuel to contribute to its profits by 2030. “Since it’s not clear when and how demand for new energy will occur, we’ll try social implementation of various low-carbon fuels and then narrow down the […]
In Massachusetts, research firm Bain & Company reported that a cumulative investment of $1.3 trillion in sustainable fuel production would satisfy only about 20% of forecast 2050 aviation fuel demand. The report noted that that the aviation industry will need to make trade-offs and extend their timeline for reaching net-zero emissions, especially if air traffic […]
In Panama, the International Air Transport Association (IATA) and the Latin American Energy Organization (OLADE) signed a Memorandum of Understanding (MoU) in order to establish actions and mechanisms of joint cooperation for the exchange of knowledge and information that favor the development of regulatory frameworks and incentives in Latin America and the Caribbean that support […]
In Japan, All Nippon Airways (ANA) and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) signed a Memorandum of Understanding to cooperate on initiatives aimed at manufacturing and procuring sustainable aviation fuel overseas. Based on this MoU, ANA will provide advice and other support to JOIN’s SAF projects overseas, based on its […]
In the UK, Air Cargo News reported that logistics company cargo-partner has completed its first shipment of SAF. According to the report, cargo-partner and Lufthansa handled their first SAF shipment directly from Vienna Airport earlier this month. The SAF shipment took off from Vienna Airport and landed at Dallas Fort Worth Airport in Texas the […]
In New Jersey, AIN Online reported that Hill Aircraft, an FBO at Fulton County Executive Airport (KFTY) near Atlanta, announced it will receive a load of sustainable aviation fuel, marking it as the first retail location in Georgia to offer SAF. The SAF shipment to Hill will come ahead of the Peach Bowl, which will […]
In Washington D.C., the Treasury Department and Internal Revenue Service issued a notice regarding the Sustainable Aviation Fuel (SAF) credit. The agencies noted that this is a new credit created by the Inflation Reduction Act of 2022 and applies to a qualified fuel mixture containing sustainable aviation fuel for certain sales or uses in calendar […]
In Scotland, Green Bioactives has successfully completed a $3.18 million seed financing round. The funding round was led by Eos Advisory LLP and included investments from London-based Regenerate Ventures’ Agtech Fund, London and Singapore co-headquartered Milltrust International Group, and Scottish Enterprise, which also provided the company with advisory support. The firm noted that the financing […]
In Portugal, SilicoLife said it concluded the first of two Series A rounds fundraising to the tune of $5.23 million, covered in its entirety by funds managed by venture capital firm BlueCrow . BlueCrow is committed to securing a second, equally sizable, round of investment in SilicoLife. The two rounds of investment are aimed at […]
In Japan, Nikkei Asia reported that Japanese trading house Mitsui & Co. will decide next year whether to build a bioplastics factory in the U.S. The proposed bio-PET plastics factory, with an annual capacity of 400,000 tons, could potentially launch operations in 2025. The plant will require a total investment of nearly $500 million. For […]
