A number of firms have dedicated to investing near $200 million into the sustainable aviation gas market by agreeing to buy SAF certificates for almost 50 million gallons of the gas, the Sustainable Aviation Patrons Alliance introduced Wednesday.
The certificates would symbolize about 500,000 tons of abated CO2 emissions, in response to SABA.
The acquisition agreements span 5 years and have been made by almost 20 firms together with AstraZeneca, Autodesk, Bain & Co., BCG, Deloitte, J.P. Morgan Chase, McKinsey & Co., Meta, Morgan Stanley, Netflix, Novo Nordisk, Samsung Biologics, Watershed and Workday, together with SABA founding group RMI, in response to the alliance.
The quantity of the acquisition agreements “is roughly equal to the emissions of three,000 totally loaded passenger flights from New York Metropolis to London,” in response to SABA.
The alliance by this transaction is “advancing new fashions for purchasing and promoting SAF certificates,” with SABA members working with carriers together with Alaska Airways, JetBlue and Southwest Airways. SABA is also securing certificates by SAF options supplier SkyNRG and by buying them instantly from gas suppliers, together with World Power, in response to the alliance.
The offers “exhibit the facility of company demand to scale up investments in promising sustainable fuels that may drive decarbonization of the aviation trade,” stated SABA, which added that most of the members are new to the SAF certificates market.
This new set of agreements by SABA follows final yr’s pilot procurement program, which bought SAF certificates for almost 850,000 gallons of SAF. Nonetheless, the SAF volumes that met SABA’s necessities “got here nowhere shut” to assembly SABA buyer demand in 2024 and 2025, in response to the alliance.