Raven signs 10 year deal with Japan Airlines
Japan Airlines has signed a 10 year memorandum of understanding (MOU) to buy Sustainable Aviation Fuel (SAF) from Raven SR.
Raven SR will supply 50,000 tons of SAF in 2025 growing this to 200,000 tons each year after 10 years.
Itochu, the Japanese trading house and an investor in Raven SR, helped negotiate the MOU. It was also involved in a similar contract with All Nippon Airways.
“We are grateful our strategic partner Itochu introduced us to JAL to initiate this landmark agreement for long-term SAF supplies that will foster growth for Raven SR on a global basis and help JAL with its carbon reduction commitments,” said Matt Murdock, CEO of Raven SR.
Raven SR plans to convert general waste – including green waste, municipal solid waste, organic waste, and methane from municipal solid waste – into SAF. Its first project will be in California where it plans to start producing SAF in 2025. Raven SR plans to grow its SAF production by 200,000 tons/year until 2034 with projects in both the US and Europe.