In Colorado, Bank of America said that together with Boom Supersonic, Boston Consulting Group, JPMorgan Chase & Co., Meta and clean energy nonprofit RMI are joining together through the Sustainable Aviation Buyers Alliance (SABA) to purchase sustainable aviation fuel certificates at scale. The SAF involved in the SABA transaction is produced by World Energy and reduces lifecycle carbon emissions by 84% compared to conventional jet fuel. SABA members are purchasing SAF certificates linked to 850,000 gallons of this high-integrity SAF, which is being used to fuel JetBlue flights this year. Following the successful completion of this first joint procurement, SABA is launching its second competitive procurement process where it seeks to procure SAF certificates across a five-year timeframe. This second process will be open to all airlines and fuel providers. SABA expects to increase its annual collective demand by more than 10 times compared to this first process. “Our support and purchase of SAF through SABA is one way in which we are working to meet our goal of utilizing SAF for at least 20% of the company’s annual employee aviation fuel usage by 2030, while spurring broader demand to make SAF more accessible and affordable,” said Alex Liftman, Global Environmental Executive at Bank of America.
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