{"id":511913,"date":"2021-07-12T11:37:05","date_gmt":"2021-07-12T15:37:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/jetblue-expands-use-of-sustainable-aviation-fuel-as-part-of-its-strategy-to-achieve-net-zero-carbon-emissions-by-2040\/"},"modified":"2021-07-12T11:37:05","modified_gmt":"2021-07-12T15:37:05","slug":"jetblue-expands-use-of-sustainable-aviation-fuel-as-part-of-its-strategy-to-achieve-net-zero-carbon-emissions-by-2040","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/jetblue-expands-use-of-sustainable-aviation-fuel-as-part-of-its-strategy-to-achieve-net-zero-carbon-emissions-by-2040\/","title":{"rendered":"JetBlue Expands Use of Sustainable Aviation Fuel as Part of its Strategy to Achieve Net-Zero Carbon Emissions by 2040"},"content":{"rendered":"

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JetBlue Expands Use of Sustainable Aviation Fuel as Part of its Strategy to Achieve Net-Zero Carbon Emissions by 2040<\/b><\/p>\n

\n— JetBlue Launches New Partnership with World Energy and World Fuel Services to Fuel Flights from its Los Angeles Focus City with Sustainable Aviation Fuel —\n<\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nJetBlue (Nasdaq: JBLU) has entered into a new relationship with World Energy and World Fuel Services for sustainable aviation fuel (SAF) at Los Angeles International Airport (LAX). JetBlue\u2019s LAX flights using SAF started this month. This increase in the airline\u2019s usage of SAF includes 1.5 million gallons of blended SAF a year for at least three years, accounting for approximately five percent of JetBlue\u2019s LAX fuel.\n<\/p>\n

\nRenewable fuel options will play a critical role in the aviation industry\u2019s transition to lower-carbon operations. This is the latest step for JetBlue as the airline works to achieve its ambitious and comprehensive environmental social governance (ESG) targets, including a goal of net-zero carbon emissions by 2040. Last year, JetBlue became the first major U.S. airline to achieve carbon neutrality on all domestic flying, today primarily through carbon offsets while the SAF industry continues to grow, and lower-carbon technologies to reduce direct emissions.\n<\/p>\n

\n\u201cJetBlue is facing climate change head on and preparing our business for a new climate reality,\u201d said Sara Bogdan, director of sustainability and environmental social governance. \u201cSustainable aviation fuel is one of the most promising ways to rapidly reduce air travel emissions and help our industry move toward our net-zero goals. We are focused on growing our use of sustainable aviation fuel to replace conventional fossil-based jet fuel in our focus cities as it becomes available. It has not historically had the same policy support as other low carbon fuels and comes at a premium today. We\u2019re excited by the prospect of additional policy support to help grow and scale sustainable aviation fuel, helping to usher in a lower-carbon future for aviation.\u201d\n<\/p>\n

\nThis follows JetBlue\u2019s move to fuel flights from San Francisco International Airport (SFO) with SAF with another fuel provider. World Energy, a zero-now solutions provider for transport and the industry\u2019s first commercial-scale producer of SAF, is supplying JetBlue fuel at LAX from its facility in Paramount, Calif. JetBlue is World Energy\u2019s second U.S. commercial airline partner to incorporate SAF into its regular operations. Made from inedible agricultural waste, World Energy\u2019s SAF is certified by the Roundtable on Sustainable Biomaterials to reduce emissions by up to 80 percent per gallon before being blended with petroleum jet fuel. Delivery of the fuel into LAX will be managed by World Fuel Services, JetBlue\u2019s fuel management company.\n<\/p>\n

\n\u201cJetBlue is taking aggressive action utilizing tools available today to deliver on their net-zero carbon emissions goals,\u201d said Bryan Sherbacow, chief commercial officer, World Energy. \u201cExpanding commercial use of sustainable aviation fuel is critical in changing the industry\u2019s carbon outcomes. World Energy is excited to partner with JetBlue in fueling their success in transitioning to a zero-carbon aviation industry.\u201d\n<\/p>\n

\n\u201cWe are honored to support JetBlue\u2019s comprehensive sustainability strategy through our steady supply of sustainable aviation fuel,\u201d said Brad Hurwitz, senior vice president \u2013 supply and trading, World Fuel Services. \u201cSince 2014, World Fuel Services has delivered more than 22.1 million gallons of cleaner-burning, low-carbon sustainable aviation fuel. With World Energy, we continue to focus on increasing sustainable aviation fuel availability and supply chain efficiency for aviation.\u201d\n<\/p>\n

\nJetBlue views robust oversight of key ESG issues as good for business and for generating long-term value, and recognizes that customers expect clean, efficient, and affordable travel. That\u2019s why JetBlue is helping lead the path in sustainable aviation.\n<\/p>\n

\nLAX is one of JetBlue\u2019s most successful and busiest markets, climbing to 40 flights per day to 23 markets this summer, allowing significant growth opportunities for the airline\u2019s network. With support from Los Angeles World Airports (LAWA), JetBlue plans to embark on meaningful expansion at LAX over the next five years \u2013 both domestically and internationally into multiple markets with plans to reach about 70 flights per day by 2025.\n<\/p>\n

\n\u201cLos Angeles World Airports (LAWA) is committed to achieving ambitious sustainability goals, including net-zero carbon emissions and 100% renewable energy for LAX facilities by 2045,\u201d said Justin Erbacci, chief executive officer, LAWA. \u201cWe are thrilled that JetBlue is supporting this bold agenda to help combat climate change through the use of sustainable aviation fuel.\u201d\n<\/p>\n

JetBlue\u2019s Decarbonization Strategy<\/b><\/p>\n

\nCarbon neutrality on its domestic flights is just one way JetBlue is preparing for a changing climate and ensuring a more sustainable business for its crewmembers, customers, shareholders and communities. JetBlue\u2019s carbon reduction efforts focus on decreasing emissions through fuel-efficient operations and aircraft, growing usage of SAF, and supporting the next generation of low-emissions aircraft technologies.\n<\/p>\n

\nEarlier this year the airline announced emission reduction targets, including efforts to:\n<\/p>\n

Reduce direct emissions:<\/b><\/p>\n