Shell Aviation and AmEx form alliance to increase supply of SAF
The parties will design a model aimed at increasing the supply and use of SAF and accelerating the aviation industry’s pathway towards net-zero emissions (NZE).
This collaboration combines the buying power of airlines and GBT’s corporate business travel customers at scale to drive a step change in production and usage of SAF.
Lower or zero carbon technologies such as hydrogen and electric flight are unlikely to impact at scale until mid-century. This leaves SAF as the only viable, in-sector, option for reducing emissions in the short to medium term.
Anna Mascolo, president of Shell Aviation, said: “We want to help decarbonise the aviation sector and believe this collaboration could deliver new solutions for our customers to reach net-zero emissions. SAF has incredible potential to drive the decarbonisation of aviation. Even if all publicly announced projects today actually materialise, SAF would still account for just one percent of the jet fuel market by 2030.”
GBT chief executive Paul Abbott said: “Our approach with Shell could provide a turnkey solution for corporations working towards net-zero emissions. We believe aggregating corporate and airline demand is the most efficient way to drive the volume of investment needed to bring change at scale. By working with Shell, we aim to enable corporations and airlines to plot a course towards their own emissions targets, while acting as climate leaders and creating real change.”
This collaboration will help drive transformation of the aviation and corporate travel sector, support a net-zero emissions future and deliver a new solution to customers in support of their own energy transition and carbon reduction ambitions.
Both Shell and GBT have set their own individual targets to become net-zero emissions businesses by 2050, in step with society.