Google is the latest company to join the sustainable aviation fuel program developed by American Express Global Business (Amex GBT) and Shell Aviation.
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Google is the latest company to join the sustainable aviation fuel (SAF) program developed by American Express Global Business Travel (Amex GBT) and Shell Aviation.
Intended to show clear demand for SAF and demonstrate how the private sector can drive change and help finance aviation’s goals of decarbonizing, the book-and-claim program launched last year with one million gallons of SAF available for corporate customers, enough to fuel nearly 15,000 transatlantic flights.
While SAF production is slowly increasing, it still represents less than one percent of the jet fuel consumed and is more costly than conventional jet-A, thus limiting demand.
Shell and Amex GBT partnered up to help resolve these issues by joining the fuel provider’s airline customers and the latter’s more than 19,000 corporate customers to offset the cost of SAF and increase its use. That demand in turn would encourage capital development in new production facilities and technologies required to achieve economies of scale.
The system uses a blockchain-powered digital SAF accounting program to provide transparent tracking of the environmental benefits of the fuel as it is delivered into the fueling network. It will eliminate problems such as double counting of benefits for corporations looking to log their verified lifecycle emissions reductions derived from SAF.
“Business travel is a crucial passenger segment for aviation, accounting for around 15 percent of air travel globally and generating around 40 percent of revenues,” explained Andrew Crawley, Amex GBT’s president. “To have Google join our growing SAF program demonstrates how corporate collaboration can accelerate aviation’s transition to net-zero and enable more sustainable travel.”
Google is the latest company to join the sustainable aviation fuel (SAF) program developed by American Express Global Business (Amex GBT) and Shell Aviation.
Intended to show clear demand for SAF and demonstrate how the private sector can drive change and help finance aviation’s goals of decarbonizing, the book-and-claim program launched last year with one million gallons of SAF available for corporate customers, enough to fuel nearly 15,000 transatlantic flights.
While SAF production is slowly increasing, it still represents less than one percent of the jet fuel consumed and is more costly than conventional jet-A, thus limiting demand.
Shell and Amex GBT partnered up to help resolve these issues by joining the fuel provider’s airline customers and the latter’s more than 19,000 corporate customers to offset the cost of SAF and increase its use. That demand in turn would encourage capital development in new production facilities and technologies required to achieve economies of scale
“Business travel is a crucial passenger segment for aviation, accounting for around 15 percent of air travel globally and generating around 40 percent of revenues,” explained Andrew Crawley, Amex GBT’s president. “To have Google join our growing SAF program demonstrates how corporate collaboration can accelerate aviation’s transition to net-zero and enable more sustainable travel.”