Finance

Amex GBT, Shell to Collaborate on Sustainable Aviation Fuel

GBT’s corporate clients to buy sustainable aviation fuels for their business travel needs, the companies announced.

The companies say the collaboration will allow them to combine the buying power of airlines and GBT’s corporate business travel customers “to drive a step change in production and usage of SAFs.”

SAFs can be made from a variety of feedstocks and using a number of different technology pathways and have the potential to cut lifecycle emissions from aviation by up to 80 percent.

GBT chief executive Paul Abbott in a statement said: “Our approach with Shell could provide a turnkey solution for corporations working towards net-zero emissions. We believe aggregating corporate and airline demand is the most efficient way to drive the volume of investment needed to bring change at scale. By working with Shell, we aim to enable corporations and airlines to plot a course towards their own emissions targets, while acting as climate leaders and creating real change.”

Anna Mascolo, president of Shell Aviation, in a statement said: “We want to help decarbonise the aviation sector and believe this collaboration could deliver new solutions for our customers to reach net-zero emissions.

“SAF has incredible potential to drive the decarbonisation of aviation. Even if all publicly announced projects today actually materialise, SAF would still account for just one per cent of the jet fuel market by 2030. If the aviation sector wants more SAF by 2025, significant new investments are needed today. This collaboration with GBT aims to create the environment that supports new investment in SAF production and new technologies.”

Originally published by BTN Europe.

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