Raven SR has signed a memorandum of understanding (MOU) to supply sustainable aviation fuel (SAF) to Japan Airlines (JAL) for major global routes.
The MoU provides for an initial 50,000 tons of SAF supply in the first year, 2025, with annual incremental increases to 200,000 tons for year 10.
The supply will be produced by Raven SR at facilities planned for major global markets outside Japan to serve specific international routes of JAL.
"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. "We expect that our agreement with JAL to supply SAF in strategic markets globally will enable buying local fuel produced from local waste. We see growing interest in such efficiency and circularity in renewable fuel distribution for aviation and other transportation sectors."
ITOCHU is one of several strategic investors in privately held Raven SR, and the two companies maintain a strong partnership, including plans for commercial production and sales of renewable fuels worldwide.
By converting various types of local waste, such as green waste, municipal solid waste, organic waste, and methane from municipal solid waste, into clean fuels, Raven SR offers a sustainable solution for the reliable and long-term production of SAF.
The Japanese airline industry is required by the country's General Assembly of the International Civil Aviation Organisation (ICAO) to reach a goal of achieving net-zero CO2 emissions from aircraft by 2050. Starting in 2024, Japanese airlines must reduce or offset 15% of emissions from 2019 levels.
Raven SR's use of waste as feedstock for its SAF production is expected to stabilise both the supply and pricing of SAF. Additionally, the third-generation synthetic SAF produced using Raven SR's proprietary technology is projected to reduce CO2 emissions compared to conventional jet fuel and extend the lifespan of jet engines.
The Raven SR technology is a non-combustion thermal, chemical reductive process that converts organic waste and landfill gas to hydrogen and Fischer-Tropsch synthetic fuels.
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