Commercial, Sourcing Renewables - September 30, 2021
JetBlue to Source SAF for 30% of Its NYC Airport Fuel Use
JetBlue announced Sept. 28 a new offtake agreement of sustainable aviation fuel that will increase its SAF usage to nearly 8% by the end of 2023.
This agreement will accelerate the airline’s previous targets for SAF commitments and will put it ahead of its target to convert 10% of its total fuel usage to SAF by 2030. JetBlue entered into an agreement with SG Preston for at least 670 million gallons of blended SAF over 10 years, nearly doubling its previous SAF commitment from the supplier.
The deal is expected to allow JetBlue to convert 30% of its fuel use at John F. Kennedy International Airport, LaGuardia Airport and Newark Liberty Airport to SAF, representing the first large-scale volume of domestically produced SAF for a commercial airline at a New York airport. The fuel is expected to reduce JetBlue’s emissions by an estimated 80% per gallon compared to petroleum-based fuels, or nearly 1.5 million metric tons of CO2.
The fuel should start being delivered in 2023 and continue over a 10-year period. JetBlue expects to invest more than $1 billion in purchasing SAF over the term of the agreement.
This also marks the largest near-term SAF for delivery in the Northeast and will be JetBlue’s largest single jet fuel contract.
“We are well past the point of vague climate commitments and corporate strategies. Earlier this year, we set specific, dated, and aggressive emissions targets. And now we are physically changing the fuel in our aircraft to meet these commitments,” JetBlue CEO Robin Hayes said in a statement. “At JetBlue, we’re heavily investing in SAF because we see it as our most promising means of rapidly and directly reducing aircraft emissions in the near term. With this expanded agreement with SG Preston, nearly eight percent of JetBlue’s total fuel use will be SAF, putting us well ahead of pace in reaching our goal of 10 percent SAF usage by 2030.”