Wizz Air bets on SAF to fulfill sustainability goals
In Hungary, AeroTimes reported that Hungarian low-cost airline Wizz Air is betting on SAF to fulfill with the company’s sustainability goals.
“We’ve got a very clear SAF strategy, and we have taken a portfolio approach. First we have offtake agreements with a number of major SAF suppliers, energy companies, such as Neste, Cepsa and OMV in order to secure SAF supplies in the future. But also, because of supply limitations, we have taken a bit of an approach that is a bit different to that of our competitors: we have recently announced two equity investments in the SAF space,” said Yvonne Moynihan, Corporate and ESG Officer at Wizz Air Group.
One of these projects is Firefly, a startup that plans to produce SAF in the United Kingdom using sewage sludge as feedstock, according to the report. The other investment is United States-based CleanJoule, another SAF production startup, which was made as part of a consortium including two other low-cost airlines of the Indigo Partners family, Volaris and Frontier. CleanJoule aims to produce SAF out of agricultural residues and waste biomass.
“We are doubling down on making sure we are not going to be restricted by either cost or supply in the future and we will be able to meet the EU mandates that start coming into play in 2025. The first significant threshold is going to be 2% by 2025 and 6% by 2030, and we want to make sure we are ready. We want to be a first mover because we know that SAF will be in high demand in the near future,” the executive said.
Category: SAF
