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A two-part report from global agribusiness banking specialist Rabobank predicts that the transition to SAF, which is commonly made from agricultural products and byproducts, will be the largest contribution to cutting aviation emissions over the next 10 years.
The Tourism and Transport Forum (TTF), Airbus, and zero-emissions aircraft firm AMSL Aero have all backed the sustainability funding, which aims to promote domestic production of SAF and other green fuels like renewable hydrogen.
Wagner Sustainable Fuels has started design and construction on a new SAF blending facility at Wellcamp and will work with Boeing to collaborate on growing SAF capabilities to meet rising local airline demand for jet fuel, which is tipped to grow by 75 per cent over the next 25 years.
The fuel, produced at Neste’s Singapore refinery, will be supplied to Air New Zealand at LAX by 30 November after being blended with conventional jet fuel to meet required specifications. The deal is nine times larger than Air New Zealand’s first SAF shipment from Neste in 2022.
The facility in the Latrobe Aerospace Technology Precinct at Latrobe Regional Airport, backed by investment from the Victorian state government, will be used for Dovetail’s goal of retrofitting regional aircraft with batteries and hydrogen fuel cells for zero-emissions aviation.
Project Ulysses, to be built in northern Queensland, aims to produce 102 million litres of alcohol-based SAF and 11 million litres of renewable diesel per year. Jet Zero has now secured investment from Japanese energy conglomerate Idemitsu Kosan as a new strategic shareholder.
PROFILES
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