Commercial, Sourcing Renewables - September 26, 2022
JetBlue to Purchase SAF
JetBlue announced plans to bolster its transition to sustainable aviation fuel (SAF) with a new agreement with AIR COMPANY, a carbon technology company creating carbon-negative alcohols and fuels from carbon dioxide.
JetBlue’s memorandum of understanding (MOU) with AIR COMPANY comes on the heels of a direct capital investment into AIR COMPANY’s Series A funding round from JetBlue’s venture capital subsidiary, JetBlue Ventures.
With this commitment, JetBlue announces its intent to purchase 25 million gallons of AIRMADE™ SAF over five years with a targeted start in 2027. AIR COMPANY joins JetBlue’s growing list of SAF partnerships as it advances its goal to convert 10% of its total fuel usage to SAF on a blended basis by 2030.
“SAF is one of the most promising avenues for addressing aviation emissions currently available. With creative thinking backed by science, AIR COMPANY’s work to leverage captured carbon, a resource distinct from other SAF feedstocks, represents the kind of innovation that can expand SAF availability and grow the market necessary to reach our industry goals.” said Sara Bogdan, director of sustainability and environmental social governance, JetBlue in a statement. “We’re excited to build upon this partnership established by JetBlue Ventures as we continue our own path to reach net-zero carbon emissions by 2040.”
SAF offers approximately 80% reduction in emissions per net gallon on a lifecycle basis while AIR COMPANY’s carbon-neutral fuel made from captured CO2 offers an additional 14% reduction for AIR COMPANY or total 94% GHG reduction.
JetBlue was the first U.S. airline to fly regularly on products provided by both commercial SAF suppliers currently in the domestic market.
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