Tuesday 16 May 2023

Airbus and Masdar ink SAF deal before COP28

Airbus and Masdar ink SAF deal before COP28

Airbus has signed a deal with Masdar to grow the sustainable aviation fuel (SAF) market – with the aviation company stating that using the cleaner fuel can reduce greenhouse gas emissions by 95%.

The two companies will collaborate on SAF, green hydrogen and carbon capture technologies to reduce their carbon footprint.

The SAF market is projected to grow by more than $14 billion (£11bn) by 2032 – with both companies stating their desire to get ahead of the trend and help it blossom.

COP28 President-Designate Sultan Al Jaber is also the Chairman of Masdar and was present for the signing of the deal.

Mikail Houari President for Airbus in the Middle East, said: “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.”

Written by

Bruna Pinhoni

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