Airbus and Abu Dhabi Future Energy Company (Masdar) have inked a contract to promote the expansion of the worldwide market for sustainable aviation fuel.
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Chairman of Masdar, and President-Designate of COP28, as well as Guillaume Faury, CEO of Airbus, and Mohamed Jameel Al Ramahi, CEO of Masdar, attended the signing event.
The agreement was signed by Mohammad Abdelqader El Ramahi, Chief Green Hydrogen Officer, Masdar, and Mikail Houari, President, Airbus Africa, and Middle East.
The agreement emphasizes areas of cooperation between the two businesses, including support for the creation and application of “book and claim” solutions, Green Hydrogen, Sustainable Aviation Fuels (SAF), and Direct Air Capture technologies.
Through the use of direct air capture devices, synthetic SAF could be created by combining ambient CO2 with hydrogen. According to Precedence Research, the usage of SAF based on Green Hydrogen and Direct Air Capture is expected to cut greenhouse gas emissions by up to 95% when compared to conventional jet fuel. The global market for sustainable aviation fuel is anticipated to reach over US$14 billion by 2032.
Chief Executive Officer of Masdar commented, “This MoU with Airbus further amplifies Masdar’s commitment to accelerating the reduction of global carbon emissions and pioneering worldwide efforts towards decarbonization. We look forward to working closely with Airbus to support the development of the global sustainable aviation fuel market and to exploring the adoption of creative low-carbon solutions in support of net zero.”
President of Airbus Africa and Middle East said, “Sustainable Aviation Fuel (SAF) is one of the best solutions for reducing the aviation sector’s carbon footprint and this agreement will support in advancing its much-needed development and growth. At Airbus, we continue to lead the industry towards a more sustainable future. We are committed to contributing to driving innovation to support the ambition set by IATA, ATAG, and ICAO to reach “net zero carbon emissions by 2050.”
“We have a legacy of successful collaborations in the UAE that has contributed to advancing the country’s aerospace sector capabilities. This new agreement with Masdar marks yet another milestone in the partnership between Airbus and the UAE,” he added.
The CO2 emissions of international air travel can be drastically reduced with an easily accessible sustainable aviation fuel. It can be utilized as a drop-in fuel without requiring changes to the engines, aircraft, or storage and refueling facilities that are already in place. The global aviation sector must move toward net-zero emissions by incorporating the fuel gradually, which is expected to dramatically reduce the CO2 emissions of air travel.
Masdar also revealed that the Masdar-led initiative focusing on green hydrogen to produce sustainable aviation fuel (SAF) is actively working with licensors to certify a new production pathway for SAF from methanol earlier this year during Abu Dhabi Sustainability Week.
Passenger expectations for seamless and personalised travel experiences have evolved and with the help of…
The effects of climate change have been taking a toll across all industries and aviation…
SITA, the global leader in technology solutions for the air transport industry, has appointed Selim…
Victor, an on-demand private jet charter company, has announced that following two years in partnership…
Boeing has named Wael Zaoud to the newly established position of Boeing Global managing director…
Saudia Group has announced its participation in Egypt International Airshow 2024, which will be held…