In New York, Dimensional Energy announces the successful closure of a $20 million Series A funding round. The funding round was led by Envisioning Partners, a Korea-based impact venture capital fund with a strong global focus on climate investing, with strategic participation from United Airlines’ Sustainable Flight Fund, Microsoft’s Climate Innovation Fund, RockCreek Group’s Smart […]
In Switzerland, the International Air Transport Association (IATA) announced estimates for SAF production. In 2023, SAF volumes reached over 600 million liters, double the 300 million liters produced in 2022. SAF accounted for 3% of all renewable fuels produced in 2023, IATA said. In 2024, SAF production is expected to triple to 1.875 billion liters, […]
In New York, Reuters reported that the US Government expects the Treasury to release guidance by the end of this week on whether to make it easier for sustainable aviation fuel made from corn-based ethanol to qualify for subsidies. Corn-based ethanol producers see sustainable aviation fuel as one of the only ways to grow their […]
In Vietnam, Aviation Source News reported that Vietjet and Novus Aviation Capital, a global aircraft leasing and financing platform based in the United Arab Emirates (UAE), have signed a partnership. This strategic collaboration aims to establish an innovative aircraft financing and leasing vehicle. Moreover, the partnership delves into the supply of SAF in Vietnam in […]
In Australia, Financial Review reported that Qantas has called on the federal government to consider mandates and subsidies for producers of sustainable aviation fuel to get a domestic industry off the ground. Andrew Parker, chief sustainability officer at Qantas, said zero emissions technology for commercial aviation, such as electric aircraft or green hydrogen, was still […]
In Ohio, GE Aerospace announced the completion of testing on its 10th engine model using 100% SAF since 2016. For example, in 2018, GE90 engines powered the first commercial airliner flight with 100% SAF in both engines on the Boeing ecoDemonstrator, a 777 freighter in partnership with FedEx Express. Then in 2021, LEAP-1B engines powered […]
In Malaysia, The Sun reported that biofuel feedstock supplier FatHopes Energy has signed a memorandum of understanding (MoU) with Dubai-based Lootah Biofuels LLC to supply sustainable aviation fuel to airlines flying out from Dubai International Airport. The collaboration between FatHopes Energy and Lootah Biofuels aims to explore the potential development of a SAF refinery that […]
In the Netherlands, Offshore Energy reported that Singapore-based Keppel Corporation, through its Infrastructure Division, and AM Green have signed a memorandum of understanding (MoU) to jointly explore opportunities to produce biogenic carbon-based sustainable fuels, such as bio and green methanol, second-generation (2G) ethanol and sustainable aviation fuel. Specifically, the two parties will jointly identify, evaluate […]
In the United Arab Emirates (UAE), Abu Dhabi Aviation (ADA) and Leonardo announced that ADA’s AW139 intermediate twin-engine helicopter accomplished two flights powered by aviation fuel blended with SAF in Abu Dhabi last month. These flights using SAF on an ADA commercial helicopter marked a first in the UAE and Middle East, Leonardo said. Nader […]
In the UK, ARGS reported that the sustainable aviation fuel industry would have to increase by 1,600 times its current size to meet the aviation sector’s 2050 net zero carbon emissions target, according to James Hygatem founder and CEO of UK-based SAF producer Firefly. Hygate called for greater funding for the UK SAF industry by […]
