In Connecticut, Aircastle Limited announced that it has made an investment commitment to the United Airlines Ventures’ Sustainable Flight Fund. Aircastle now joins 21 other corporate partners who represent various parts of the aviation supply chain that have committed over $200 million in capital to invest in a roster of companies developing cutting edge technologies […]
In Singapore, The Straits Times reported that an Airbus’ A350-1000 aircraft will be using sustainable aviation fuel as part of its flying displays at Singapore Airshow 2024, which runs from February 20 to February 22. The fuel, which is supplied by Shell Aviation, is a 35% blend, using a mix of used cooking oil and […]
In California, research firm PMI reported that the global sustainable aviation fuel market size is expected to reach a value of $3 billion by 2034, up from an expected value of $1.1 billion this year. According to the research firm, the global SAF market is forecast to expand at a CAGR of 11.60% during the […]
In Belgium, the Destination 2050 alliance said that following the inclusion of SAF as a ‘strategic net zero technology’ under the EU Net Zero Industry Act, the five leading European aviation associations representing Europe’s airlines, airports, civil aeronautics industry and air navigation service providers, are calling on EU policymakers to go further to ensure Europe […]
In Australia, Jet Zero Australia announced the the execution of a first-of-a-kind license and engineering agreement for Australia between Jet Zero and LanzaJet. The agreement will progress the development of Project Ulysses, a North Queensland SAF project using LanzaJet’s Alcohol-to-Jet (ATJ) technology, that converts the bioethanol into SAF and renewable diesel. The project is the […]
In Ireland, Research and Markets reported that the Asia-Pacific sustainable aviation fuel market is estimated to reach $39.23 billion by 2033 from $380 million in 2023. According to the research, the SAF market in the region is forecast to expand at a CAGR of 58.99% during the forecast period 2023-2033. “Growth in the sector is […]
In the UK, Velocys, a SAF technology company, announced that it has begun a new chapter following the completion of its take-private on 18 January 2024. As part of the transaction, a new consortium of growth investors, including Carbon Direct Capital, Lightrock, GenZero and Kibo Investments, has infused Velocys with US$40 million of growth capital. […]
In Iowa, the American Carbon Alliance (ACA) issued a statement in response to the Farm to Fly Act announcement. “The development of SAF not only benefits the environment but also opens new markets for farmers. The cultivation of these markets is absolutely crucial for the viability of small and medium-sized farming operations, which have been […]
In the United Arab Emirates (UAE), Gulf Business reported that the Dubai Municipality has partnered with global companies to create a project that transforms waste into sustainable aviation fuel (SAF). This initiative, signed at the World Governments Summit 2024, with ENOC, BESIX Middle East, and Marubeni Middle East and Africa Power, paves the way for […]
In New York, Natixis Corporate & Investment Banking (Natixis CIB) announced its investment in the United Airlines Ventures Sustainable Flight Fund. Natixis CIB joins a group of 22 investors consisting of industry leaders across the aviation value chain including OEMs, airlines, fuel producers, technology and engineering specialists, banks, aircraft lessors and travel management. “Our commitment […]
