Aviation biofuel

Asia-Pacific Sustainable Aviation Fuel (SAF) Industry Report 2024: Market to Reach $39.23 Billion by 2033, Growing at a CAGR of 58.99% Fueled by Volatile Jet Fuel Prices and Conversion Technologies

Retrieved on: 
Wednesday, February 14, 2024
Acquisition, Air travel, Aviation, Growth, Biomass, Hydrogen, SAF, Climate change, Aviation fuel, Benchmarking, Aviation biofuel, Partnership, Airline

DUBLIN, Feb. 13, 2024 /PRNewswire/ -- The "Asia-Pacific Sustainable Aviation Fuel Market: Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 13, 2024 /PRNewswire/ -- The "Asia-Pacific Sustainable Aviation Fuel Market: Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
  • The Asia-Pacific (APAC) region is witnessing a significant surge in the adoption and interest in Sustainable Aviation Fuel (SAF).
  • The favored strategy for the companies has been merger and acquisition to strengthen their position in the sustainable aviation fuel market.
  • Key players in the APAC sustainable aviation fuel market analyzed and profiled in the study involve major sustainable aviation fuel offering companies providing sustainable aviation fuel and different manufacturing technology.

Avolon Reports Strong Full Year Results

Retrieved on: 
Thursday, February 8, 2024
Professional Services, Air, Transport, Finance, Partnership, Aviation, Growth, Airbus A320neo family, Airbus A330neo, Adjustment, KBRA, Boeing, Total, Aviation biofuel, Sale, Fitch, Aircraft

*Adjusted EBITDA is a non-GAAP measure.

Key Points: 
  • *Adjusted EBITDA is a non-GAAP measure.
  • Avolon’s Sustainability Report for 2023 is also published today and can be accessed here .
  • Record operating cashflow and a sharp increase in net income are testament to our success in 2023.
  • Against an attractive market backdrop, Avolon has an industry-leading platform and robust balance sheet to drive future earnings growth.”

Azzera Celeste: Certified for 2023 Aviation Emissions Compliance by Verifavia

Retrieved on: 
Tuesday, February 6, 2024
Carbon, Aircraft, Certification, Aviation, Professional, Aviation biofuel, Human, ETS, Airport, SAF, Audit

MONTREAL and ZURICH, Feb. 6, 2024 /PRNewswire-PRWeb/ -- Azzera, a leader in sustainability solutions for aviation, is pleased to announce the successful completion of an independent audit of its CELESTE platform conducted by Verifavia, a leading environmental validation and verification body.

Key Points: 
  • Verifavia, part of the Normec Group, is renowned for its thorough emissions verifications, servicing a broad portfolio of over 330 airline clients and 150+ airports in more than 110 countries.
  • The company's expertise in verifying major emissions trading schemes, including the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), European Union Emissions Trading System (EU ETS), Swiss Emissions Trading System (CH ETS) and United Kingdom Emissions Trading System (UK ETS), positions it as a trusted verifier.
  • This audit proved the accurate functionality of the CELESTE platform and confirmed its alignment with the 2023 emissions compliance reporting period.
  • The Azzera CELESTE platform automatically segregates flights into the correct carbon compliance market of CORSIA, EU ETS, UK ETS and CH ETS, saving aviation operators countless hours.

LANZAJET CELEBRATES GRAND OPENING OF THE WORLD'S FIRST ETHANOL TO SUSTAINABLE AVIATION FUEL PRODUCTION FACILITY

Retrieved on: 
Sunday, February 4, 2024
All Nippon Airways, Ethanol, Agriculture, Mitsui & Co., Energy, ANA, Aviation biofuel, Government, Climate change, Shell, Carbon, Breakthrough Energy, Suncor Energy, Aviation, Microsoft, Economics, SAF, Gasoline

SOPERTON, Ga., Feb. 4, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility on January 24, 2024.

Key Points: 
  • SOPERTON, Ga., Feb. 4, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility on January 24, 2024.
  • LanzaJet's ethanol-based technology is the world's first next-generation SAF technology capable of scaling production to the levels needed to decarbonize aviation.
  • LanzaJet Freedom Pines Fuels serves as a blueprint for utilizing first-of-its-kind innovation to scale SAF production and enables LanzaJet's aspiration for 1 billion gallons of SAF production by 2030.
  • "LanzaJet's facility will help accelerate the SAF industry and provide new economic opportunities for producers for a more sustainable future."

EQS-News: Capcora supports Norsk e-Fuel in structuring offtake and investment agreements

Retrieved on: 
Tuesday, January 30, 2024
CO2, Partnership, Norwegian Air Shuttle, SMS, International, Aviation biofuel, Plant, Aviation, Engineering, Airline

Norsk e-Fuel today announced major partnership milestones by closing significant agreements on offtake and investment.

Key Points: 
  • Norsk e-Fuel today announced major partnership milestones by closing significant agreements on offtake and investment.
  • Capcora, a German consulting company, provided strategic advisory services to Norsk e-Fuel.
  • E-Fuel project developer Norsk e-Fuel has signed several landmark agreements.
  • Henning Prigge, Director at Capcora comments, “We are delighted to have provided strategic advisory to Norsk e-Fuel in structuring the offtake and investment agreements.

Valero Energy Reports 2023 Fourth Quarter and Full Year Results

Retrieved on: 
Thursday, January 25, 2024
Chemicals, Plastics, Automotive, Oil, Gas, Manufacturing, Alternative Energy, Energy, Alternative Vehicles, Fuels, Diamond, Table, Fuel oil, Health, DGD, SAF, Aviation biofuel, VLO, Safety, Valero Energy, Ethanol, Growth, Holding company

Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter of 2023, compared to $3.1 billion, or $8.15 per share, for the fourth quarter of 2022.

Key Points: 
  • Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter of 2023, compared to $3.1 billion, or $8.15 per share, for the fourth quarter of 2022.
  • The Refining segment reported operating income of $1.6 billion for the fourth quarter of 2023, compared to $4.3 billion for the fourth quarter of 2022.
  • Operating income was lower than the fourth quarter of 2022 due to lower renewable diesel margin in the fourth quarter of 2023.
  • Adjusted operating income was $205 million for the fourth quarter of 2023, compared to $69 million for the fourth quarter of 2022.

WHAT PEOPLE ARE SAYING ABOUT THE GRAND OPENING OF LANZAJET FREEDOM PINES FUELS

Retrieved on: 
Thursday, January 25, 2024
Carbon, Senior, Aviation, Government, Microsoft, Partnership, Shell, Economics, SAF, IAG, Aviation biofuel, Climate change, Suncor Energy, Ethanol, Breakthrough Energy, Organization, United Nations, Climate, Economic development, Ecology, Inflation, United, Biofuel, ATJ, Renewable energy

SOPERTON, Ga., Jan. 25, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, today joined government officials, industry leaders, and investors to celebrate the grand opening of LanzaJet Freedom Pines Fuels in Soperton, Georgia.

Key Points: 
  • SOPERTON, Ga., Jan. 25, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, today joined government officials, industry leaders, and investors to celebrate the grand opening of LanzaJet Freedom Pines Fuels in Soperton, Georgia.
  • "LanzaJet is serious about urgently meeting the moment to decarbonize aviation and Freedom Pines Fuels is evidence of that.
  • "The opening of LanzaJet Freedom Pines Fuels marks a pivotal moment in our journey towards a cleaner aviation future.
  • "On behalf of everyone at Zeton, we congratulate LanzaJet on this milestone achievement with their Grand Opening Ceremony of the Freedom Pines Fuels plant.

LANZAJET CELEBRATES GRAND OPENING OF FREEDOM PINES FUELS PLANT, THE WORLD'S FIRST ETHANOL TO SUSTAINABLE AVIATION FUEL PRODUCTION FACILITY GOVERNMENT, CORPORATE, AND COMMUNITY

Retrieved on: 
Wednesday, January 24, 2024
Pacific Northwest National Laboratory, Aviation, ANA, Mitsui & Co., Shell, Suncor Energy, History, All Nippon Airways, PNNL, Government, Economics, SAF, IAG, Carbon, Climate change, Human, Aircraft, Aviation biofuel, Ethanol, Breakthrough Energy, International Airlines Group, Virgin Atlantic, Climate, United Nations, Agriculture, United, Energy, Renewable energy

SOPERTON, Ga., Jan. 24, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, today joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility.

Key Points: 
  • SOPERTON, Ga., Jan. 24, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, today joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility.
  • With its proprietary ethanol to SAF technology, LanzaJet Freedom Pines Fuels serves as a blueprint for utilizing first-of-its-kind innovation to scale SAF production and combat the worsening climate crisis.
  • "LanzaJet Freedom Pines Fuels is proof of the energy transition accelerating in real time," said Jennifer Holmgren, LanzaJet Board Director and Chief Executive of LanzaTech.
  • LanzaJet Freedom Pines Fuels is fully funded and has committed offtake agreements for all fuel produced in the next 10 years.

Azure Sustainable Fuels Announces Plans to Develop SAF-Focused Renewable Fuel Production Facility in Canada

Retrieved on: 
Thursday, January 18, 2024
FID, Economic development, Aviation, Canada Infrastructure Bank, Natural Resources, Savage, Culture, Shell, Government, Hydrogen, SAF, Aviation biofuel, CIB, Carbon, AB, Climate change, Water, Natural Resources Canada, FEED, Investment, Nature, Atmosphere, Renewable energy

"Our ambition is to develop the first SAF-dedicated renewable fuel production facility of scale in Canada, by utilizing Canadian skillsets and natural resources to achieve first production in 2027," said Douglas Cole, Azure's CEO.

Key Points: 
  • "Our ambition is to develop the first SAF-dedicated renewable fuel production facility of scale in Canada, by utilizing Canadian skillsets and natural resources to achieve first production in 2027," said Douglas Cole, Azure's CEO.
  • At the same time, we have worked closely with federal, provincial and Indigenous governments to adhere to all regulations and requirements."
  • "Yesterday in Manitoba, we announced a significant investment to seize global economic opportunities and help position Manitoba and Canada as leaders in the future of sustainable aviation fuel production.
  • "Yesterday's investment in Azure's sustainable aviation fuel projects is an important development for our economy and in the fight against climate change.

Strong Leasing Activity Underpinned by Airlines’ Demand for Aircraft and Capital

Retrieved on: 
Tuesday, January 9, 2024
Professional Services, Air, Transport, Finance, MAX, Sale, Partnership, Aviation biofuel, Airbus A330neo, Boeing, Aircraft, Aviation, Sustainalytics, Airbus A320neo family, Growth, Airline

Avolon, a leading global aviation finance company, issues an update for the fourth quarter (‘Q4’) and 2023 full year (‘FY’).

Key Points: 
  • Avolon, a leading global aviation finance company, issues an update for the fourth quarter (‘Q4’) and 2023 full year (‘FY’).
  • “Strengthening market conditions allowed us to place our orderbook and used aircraft at accretive lease rates while underwriting US$4bn of new volume through the sale and leaseback market.
  • Our balance sheet scale allowed us to order a further 200 new technology aircraft which strengthens our delivery pipeline and growth into the next decade.”
    - Ordered 200 new aircraft including 100 A321neo, 80 737MAX and 20 A330neo;
    - Entered into letters of intent for the sale and leaseback of 51 new aircraft;
    - Executed 147 lease transactions comprising new aircraft leases, follow-on leases and lease extensions;
    - Delivered 43 new aircraft and transitioned 30 aircraft to 22 customers;
    - Sold 31 aircraft in 2023 and ended the year with 25 aircraft agreed for sale;
    - Owned, managed and committed fleet of 1,035 aircraft at year end, a 24% increase year on year;
    - Raised US$4.9 billion of new debt across both the public and private markets;
    - Upsized unsecured revolving facility to US$4.8 billion, bringing total revolving debt capacity to US$6.1 billion at year end; and,
    - Published 2nd annual sustainability report, affirmed Sustainalytics rating at 16/’Low Risk’ and supported a feasibility study into the production of Sustainable Aviation Fuel in Ireland in partnership with Boeing and ORIX Aviation.
  • - Placed order for 100 A321neos and 40 737 MAX aircraft;
    - Entered into letters of intent for the sale and leaseback of 14 aircraft;
    - Executed 43 lease transactions comprising new aircraft leases, follow-on leases and lease extensions;
    - Delivered 22 new aircraft and transitioned 4 aircraft to 11 customers;
    - Sold 12 aircraft and entered into letters of intent for the sale of a further 14 aircraft;
    - Added 2 new customers, giving a total of 146 airline customers operating in 65 countries;
    - Ended the quarter with an owned and managed fleet of 577 aircraft, with total orders and commitments for 458 fuel-efficient, new technology aircraft;
    - Closed a private offering of US$400 million in senior unsecured notes due 2028; and,
    - Repriced a US$2.3 billion Term Loan B, extending $650 million of the facility from 2027 to 2028.