Aer Lingus plans to modernize further with A32neo aircraft and A321neo XLR. In recent years the Irish flag carrier has invested in new generation, more fuel-efficient, aircraft such as Airbus A321neo. In addition to its investment in SAF, a critical focus of Aer Lingus’ sustainability program is the modernization of its fleet. “Because our fuel is fungible and drop-in ready, it’s expected to have an immediate impact to help our partner airlines achieve their sustainability targets ahead of schedule.” “Gevo’s sustainable aviation fuel delivers renewable energy to a transportation sector that is actively seeking to reduce its carbon intensity,” said Dr. The agreement with Aer Lingus further increases Gevo’s global impact by adding to its range of airline partners. By using the Argonne GREET model to provide a lifecycle inventory of carbon, Gevo has a business model designed to reduce greenhouse-gas emissions to net-zero over the entire lifecycle of each gallon of advanced renewable fuel, including its SAF, and that includes the emissions resulting from burning the fuel in engines to power transportation. Gevo expects to continue to pursue its stated goal of producing and commercializing one billion gallons of SAF by 2030. The introduction of SAF as a renewable fuel source is instrumental for the airline in realizing its ambitions. As part of International Airlines Group (IAG), Aer Lingus has pledged to achieve net-zero carbon emissions by 2050 and has committed to powering 10% of its flights using sustainable aviation fuel (SAF) by 2030. The expected value for the Agreement is deemed to be $173 million, inclusive of the value from environmental benefits for Gevo.Īer Lingus, the Irish flag carrier is committed to a lower-carbon future. Aer Lingus expects to commence fuelling its aircraft with SAF from Gevo in 2026. The Agreement provides for Aer Lingus to purchase 6.3 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. (NASDAQ: GEVO) is pleased to announce a new fuel sales agreement with Aer Lingus, which is owned by International Airlines Group (IAG). ENGLEWOOD, Colo., J(GLOBE NEWSWIRE) - Gevo, Inc.
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