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IAG to boost sustainable aviation fuel use
International Airlines Group (IAG) says it will become the first European airline group to commit to powering 10 per cent of its flights with sustainable aviation fuel by 2030.
The Group plans to buy one million tonnes of sustainable jet fuel per year, enabling it to cut its annual emissions by two million tonnes by 2030.
This equates to removing one million cars from Europe’s roads each year.
In addition, IAG will become the first airline group worldwide to extend its net zero commitment to its supply chain.
The Group will be working with its suppliers to enable them to commit to achieving net zero emissions by 2050 for the products and services they provide to IAG.
"It’s clearly challenging to transition to a low carbon business model but, despite the current pandemic, we remain resolute in our climate commitments," said CEO Luis Gallego.
"Government support is critical to meet this target by attracting investment to construct sustainable aviation fuel plants that will deliver enough supply for the airline industry".
Grant Shapps, Transport Secretary, said: "IAG’s commitment is clear evidence of the progress we are making. These kinds of initiatives, along with our work through the Jet Zero Council, will help us rapidly accelerate towards our net zero targets."
Sustainable jet fuel produces at least 70% less carbon emissions than fossil fuel.
IAG is investing US$400 million in the development of sustainable aviation fuel over the next 20 years.
The Group is partnering with sustainable aviation fuel developers, LanzaJet and Velocys.
This includes Europe’s first household waste-to-jet fuel plant in the UK which will start operations in 2025.
British Airways will also purchase sustainable jet fuel from LanzaJet’s US plant to power some of its flights from late 2022.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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