Shell, Accenture and Amex GBT launch one of the world’s first blockchain powered digital book-and-claim solutions for scaling sustainable aviation fuel (SAF)

Shell, Accenture and Amex GBT launch one of the world’s first blockchain powered digital book-and-claim solutions for scaling sustainable aviation fuel (SAF)

Notes to editors

  • Meant to enhance and also job together with airline companies’ present company SAF programs, Avelia intends to share the prices and also advantages of SAF throughout the industry. Airline companies will certainly get to the purchasing capability of organizations happy to share SAF’s recurring cost costs– attracting from Amex GBT’s 19,000 clients from 140 nations, consisting of countless tiny to tool sized organizations and also 40 of the leading 100 firms by traveling invest– and also corporates wanting to decrease discharges from their organization traveling will certainly have accessibility to SAF.
  • * Lasting air travel gas can be made from plant or pet product. R & d is additionally underway to locate methods to create commercial amounts of SAF artificially, utilizing hydrogen gotten from low-emission resources and also co2 caught from various other commercial procedures or the air.
    • SAF supplies considerable capacity for decarbonisation without the demand to customize existing framework – when utilized cool it can decrease lifecycle discharges by approximately 80% contrasted to standard jet gas. 2
    • Presently SAF is 2 to 8 times extra costly than jet gas. With gas accountancy for a considerable share of airline company prices and also in the reduced margin setting, airline companies have a hard time to soak up the additional price of decarbonisation.
  • Organization traveling is distinctly placed to play a crucial function in developing a more powerful need and also assisting de-risk financial investment in manufacturing and also brand-new SAF modern technologies. Organization traveling creates an extra focused sector than recreation guests 3 and also the typical company guidebook generates 4.3 times extra earnings than a common recreation reservation. 4
  • ** Book-and-claim permits vacationers to spend for SAF, and also assert the advantages, also if SAF is not offered at their separation airport terminal. SAF will certainly rather be fed right into one more airplane in a flight terminal where offered.
    • As soon as book-and-claim is accepted by sector bodies as an appropriate kind of discharges decrease, Avelia can make it possible for airline companies and also firms that pick SAF to confirm, document and also report the connected discharges decrease advantages of SAF in the direction of their volunteer ESG coverage, no matter where on the planet the SAF is utilized to sustain a trip.
    • Avelia utilizes a blockchain-powered book-and-claim technique that adheres to the Smart Products Centre and also MIT’s Facility for Transport & Logistics SAF Standards. 5

Discover extra concerning Avelia at: https://aveliasolutions.com/

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1 The variety of one-way private organization tourist trips has actually been determined based upon the adhering to presumptions; a carbon strength of SAF of 22 gCO2e/MJ, a trip range in between London and also New York City of 5541km, and also a discharges aspect for a long-haul trip of 0.102 kgCO ₂ e/passenger-km based upon UK DEFRA 2021 discharges aspects for company coverage.

2 IATA, Sustainable Aviation Fuels

3 Covering, ‘Decarbonising Aeronautics: Removed for Liftoff’

4 Oliver Wyman, ‘Airline Economic analysis 2020-2021

5 Smart Products Centre and also MIT Facility for Transport & Logistics, The Sustainable Aviation Fuel (SAF) Greenhouse Gas Emission Accounting and Insetting Guidelines

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