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Avolon participating in SAF feasibility study for Ireland
Aircraft leasing company Avolon has collaborated with Boeing, ORIX Aviation, SFS Ireland and SkyNRG, to conduct a feasibility study into Sustainable Aviation Fuel (SAF) production in Ireland.
The study is being led by SFS Ireland and SkyNRG to identify opportunities for a commercial-scale SAF production.
The study will be completed in 2023.
IATA, the trade association of the world’s airlines, sees SAF playing a key role in helping aviation reach its net zero target by 2050 – a target that has been set by its member airlines – contributing to 65% of the reduction in emissions needed.
Andy Cronin, Avolon CEO commented: “It’s imperative that the aviation sector delivers on its promise to invest in innovation to reduce its carbon footprint. We are delighted to be partnering with a team of global experts that have a shared ambition of being at the forefront of sustainable innovation that will reshape the future of aviation.”
Sheila Remes, Boeing Vice President, Environmental Engagement and Business Development commented: “We will need a massive increase in the amount of SAF if we are to reach our industry’s commitment to net zero carbon emissions by 2050. Scaling SAF is paramount. Ireland’s growth in renewable energy makes it a prime location for SAF production.”
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