Asian airlines explore greener jet fuel amid post-COVID recovery
As global aviation recovers from the devastation caused by COVID-19, Asian airlines are testing the use of lower-carbon fuels to limit the environmental impact of the industry. Singapore Airlines announced in early July that it has begun testing what has become known as sustainable aviation fuel. A biofuel made from waste cooking oil and plants, it will be supplied by Finland's Neste. The airline will burn 1,000 tons of SAF over the next year, which is equivalent to about eight of the company's Boeing 787-10 Dreamliner jets in terms of onboard fuel, targeting a reduction in carbon dioxide emissions by 2,500 tons. It has a goal of achieving zero emissions by 2050. Flights departing from the country, including those by its low-cost carrier Scoot, will use the greener fuel. Lee Wen Fen, the airline's senior vice president, said, "SAF is a key decarbonization lever, and this [test] demonstrates our commitment to achieve net-zero carbon emissions by 2050." Singapore is trying to promote SAF across the city-state. In February, the government established the International Advisory Panel on Sustainable Air Hubs, which is expected to come up with a plan to establish a SAF market by early 2023. Malaysia Airlines operated its first passenger flight using SAF in early June in conjunction with World Environment Day. The IATA announced in late June that global air travel in 2022 is expected to reach 3.8b passengers, up approximately 70% from the previous year, with the number of passengers hitting 80% of pre-pandemic levels. Asian countries are easing entry restrictions, including for tourists, and recovery in airline demand will provide a much-needed tailwind for earnings in the aviation sector. With recovery in sight, airlines are starting to focus on decarbonization as a key to future competitiveness. Passengers may gravitate toward airlines with green credentials and governments may start to push the industry to adapt. It is estimated that replacing all aircraft fuel with SAF would reduce carbon dioxide emissions by 70% to 90%. Story has more.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2022-07-19/general/asian-airlines-explore-greener-jet-fuel-amid-post-covid-recovery
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Asian airlines explore greener jet fuel amid post-COVID recovery
As global aviation recovers from the devastation caused by COVID-19, Asian airlines are testing the use of lower-carbon fuels to limit the environmental impact of the industry. Singapore Airlines announced in early July that it has begun testing what has become known as sustainable aviation fuel. A biofuel made from waste cooking oil and plants, it will be supplied by Finland's Neste. The airline will burn 1,000 tons of SAF over the next year, which is equivalent to about eight of the company's Boeing 787-10 Dreamliner jets in terms of onboard fuel, targeting a reduction in carbon dioxide emissions by 2,500 tons. It has a goal of achieving zero emissions by 2050. Flights departing from the country, including those by its low-cost carrier Scoot, will use the greener fuel. Lee Wen Fen, the airline's senior vice president, said, "SAF is a key decarbonization lever, and this [test] demonstrates our commitment to achieve net-zero carbon emissions by 2050." Singapore is trying to promote SAF across the city-state. In February, the government established the International Advisory Panel on Sustainable Air Hubs, which is expected to come up with a plan to establish a SAF market by early 2023. Malaysia Airlines operated its first passenger flight using SAF in early June in conjunction with World Environment Day. The IATA announced in late June that global air travel in 2022 is expected to reach 3.8b passengers, up approximately 70% from the previous year, with the number of passengers hitting 80% of pre-pandemic levels. Asian countries are easing entry restrictions, including for tourists, and recovery in airline demand will provide a much-needed tailwind for earnings in the aviation sector. With recovery in sight, airlines are starting to focus on decarbonization as a key to future competitiveness. Passengers may gravitate toward airlines with green credentials and governments may start to push the industry to adapt. It is estimated that replacing all aircraft fuel with SAF would reduce carbon dioxide emissions by 70% to 90%. Story has more.<br/>
