Shell signed a couple of deals for the supply of SAF
Shell Aviation Fuels (LON:SHEL) this week announced two sustainable aviation fuel (SAF) deals, one with JetBlue (NASDAQ:JBLU) and one with Air Greenland.
The agreement with JetBlue will allow the American low-cost airline to deliver 10 million gallons (37.85 million liters) of blended SAF to Los Angeles International Airport over the next two years. There is an option to purchase up to 5 million gallons in the third year.
Shell noted that as it aims for 10% of aviation jet fuel sales to come from SAF by 2030, it is building supply chain capabilities to blend, process and distribute this type of fuel.
JetBlue has also set a target for SAF to be 10% of total fuel by 2030 and has called for more political efforts to expand SAF use at airports outside of California.
In addition, JetBlue and Shell will partner to offer SAF certificates to corporate customers to reduce travel emissions through Avelia, SAF’s digital blockchain-based registration and enrollment solution developed by Shell and Accenture.
The second deal for the supply of SAF was agreed by a joint venture between Shell DCC and Shell Aviation Denmark. Air Greenland will immediately start using SAF on flights between Sondre Stromfjord/Kangerlussuaq and Copenhagen Airport. It says that SAF will account for about 5% of fuel use on the route to and from Copenhagen in 2023, exceeding upcoming EU mandates.
“In light of the fact that the EU is discussing a SAF mandate starting at two percent in 2025, this is indeed a big step that we are now taking with Air Greenland,” said joint venture chief executive Ulrik W. Brendstrup.
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