Airbus leads $200m SAFFA alliance to boost SAF production news Fayaz Hussain 23 Jul 24 0 Airbus, Air France-KLM Group, Associated Energy Group, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital and Qantas Airways announced the launch of Sustainable Aviation Fuel Financing… Read more
H2Global receives no bids for eSAF tender news Fayaz Hussain 15 Jul 24 0 German environmental and climate protection foundation H2Global said that it has received no bids for its first auction to secure supply of eSAF and opened… Read more
MUFG invests in LanzaJet news Fayaz Hussain 26 Jun 24 0 Sustainable fuel technology developer LanzaJet announced that it has received investment from MUFG bank as part of its ongoing $100m funding round joining the likes… Read more
LanzaTech increases stake in LanzaJet to 36% news Fayaz Hussain 20 Jun 24 0 LanzaTech, the developer of the alcohol-to-jet (ATJ) technology, increased its ownership stake in its sustainable aviation fuel (SAF) production subsidiary LanzaJet from 23% to 36%,… Read more
SAF production to triple in 2024: IATA news Fayaz Hussain 3 Jun 24 0 The International Air Transport Association (IATA) expects sustainable aviation fuel (SAF) production to triple to 1.5m tonnes in 2024 – accounting for 0.24% of the… Read more
IATA to establish SAF registry news Fayaz Hussain 3 Jun 24 0 The International Air Transport Association (IATA) announced that it plans to setup a sustainable aviation fuel registry to report and account for remission reductions. “The… Read more
Stratos, AIA join hands to help decarbonise aviation news Fayaz Hussain 23 May 24 0 Monaco-based aircraft asset manager Stratos said it is partnering with the Aviation Impact Accelerator (AIA) to identify operational and financial levers required to help the… Read more
Preem secures €240m to expand biofuel production at Lysekil site news Fayaz Hussain 21 May 24 0 Swedish energy firm Preem announced that it has secured a loan agreement of approximately €240m($260.5m) to finance the expansion of its renewable fuel production capacity… Read more
Groupe ADP invests $20m in LanzaJet news Fayaz Hussain 16 May 24 0 LanzaJet announced a $20m investment from Groupe ADP in a first-of-its-kind collaboration within the industry which will help LanzaJet expand its sustainable aviation fuel (SAF)… Read more
Japan Airport Terminal-Euglena to develop SAF supply chain news Fayaz Hussain 8 May 24 0 Japanese microalgae technology company Euglena announced that it has signed an agreement with Japan Airport Terminal to jointly consider building a supply chain toward commercialising… Read more
Neste CEO Matti Lehmus steps down news Fayaz Hussain 30 Apr 24 0 Neste announced that Matti Lehmus, company’s president and CEO since May 2022, will be stepping down and the company has started search for his replacement. … Read more
Neste’s Q1 revenue drops to €4.8bn news Fayaz Hussain 25 Apr 24 0 Finnish renewable fuels company Neste saw its revenue decline in the first quarter of 2024 owing to lower market prices. Revenue for the quarter reached… Read more
Microsoft’s Climate Innovation Fund invests in LanzaJet to scale SAF news Fayaz Hussain 23 Apr 24 0 LanzaJet, a frontrunner in sustainable fuel technology, has secured additional funding from Microsoft’s Climate Innovation Fund to bolster the company’s efforts to globally deploy its… Read more
Cepsa raises €750m financing for biofuel, hydrogen plans news Fayaz Hussain 5 Apr 24 0 Spanish multinational oil and gas company Cepsa has successfully raised €750m from bond issue to bolster production of 2G biofuels including sustainable aviation fuel, HVO… Read more
Solarig to set up SAF plant in Spain with €780m investment news Fayaz Hussain 4 Apr 24 0 Madrid-based renewable energy firm Solarig said it will set up a sustainable aviation fuel (SAF) plant with a production capacity of 60,000 tonnes per annum… Read more