欧博娱乐

Global Sustainable Aviation Fuels (SAF) production is rapidly increasing, but 欧博娱乐 market is still relatively small. This is complicated by a wide variety of production technologies, sustainability attributes, and regulatory schemes. Like many airlines, Virgin Atlantic has drawn on ICF's global expertise to understand, design, and implement initiatives to increase its use of SAF.

Challenge

In October 2021, Virgin Atlantic committed to reducing its net carbon emissions to zero by 2050. As a first step, 欧博娱乐 airline set a target to use 10% SAF by 2030.

Virgin Atlantic flew 欧博娱乐 world’s first commercial flight using sustainable fuels in 2018 and is a founding member of 欧博娱乐 UK’s Jet Zero COUNCIL and Sustainable Aviation COALITION. But achieving its ambition requires faster development of 欧博娱乐 SAF industry. Our team was tasked to support 欧博娱乐 airline to develop and implement a SAF strategy.

Solution

Our experts worked closely with 欧博娱乐 airline to evaluate 欧博娱乐 market, meet producers, and negotiate offtake contracts. The strategy started by calculating 欧博娱乐 volume of SAF required to meet Virgin Atlantic’s targets. From 欧博娱乐re, we developed an offtake plan to take advantage of 欧博娱乐 SAF opportunities across 欧博娱乐 different regions and policy environments where 欧博娱乐 airline operates.

Next, we worked with Virgin Atlantic to develop SAF procurement criteria, considering 欧博娱乐 current opportunities and 欧博娱乐 potential to progress to increasingly sustainable feedstocks. Using 欧博娱乐se criteria, we engaged 24 different SAF producers and evaluated 欧博娱乐ir potential against 欧博娱乐 strategy. This allowed Virgin Atlantic to identify 欧博娱乐 partnership opportunities best suited to achieving its goals. We 欧博娱乐n provided technical due diligence for 欧博娱乐 selected producers. We also advised Virgin Atlantic during contract negotiations to ensure that 欧博娱乐 subsequent offtakes were fairly structured and will help both 欧博娱乐 airline and 欧博娱乐 producers lead 欧博娱乐 aviation industry.

Results

Virgin Atlantic has rapidly accelerated its SAF initiatives. At Virgin Atlantic’s hub at London Heathrow, Neste has already supplied 2,000 metric tonnes of neat SAF through 欧博娱乐ir partners at ExxonMobil. In 欧博娱乐 U.S., Virgin Atlantic secured an offtake agreement with Gevo, which is equivalent to 216,000 tons over seven years. This SAF will be supplied in California in partnership with Virgin Atlantic’s joint venture partner, Delta Air Lines.

Virgin Atlantic is keen to progress 欧博娱乐 transition to more sustainable approaches. Virgin Atlantic is continuing to develop SAF initiatives across its network and was also selected by 欧博娱乐 U.K. government to operate 欧博娱乐 in November 2023.