{"id":739872,"date":"2023-03-14T09:05:53","date_gmt":"2023-03-14T13:05:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/jetblue-and-shell-aviation-announce-agreement-bringing-new-supply-of-saf-to-lax\/"},"modified":"2023-03-14T09:05:53","modified_gmt":"2023-03-14T13:05:53","slug":"jetblue-and-shell-aviation-announce-agreement-bringing-new-supply-of-saf-to-lax","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/jetblue-and-shell-aviation-announce-agreement-bringing-new-supply-of-saf-to-lax\/","title":{"rendered":"JetBlue and Shell Aviation Announce Agreement Bringing New Supply of SAF to LAX"},"content":{"rendered":"

<\/p>\n

JetBlue and Shell Aviation Announce Agreement Bringing New Supply of SAF to LAX<\/b><\/p>\n

New Purchase Agreement Demonstrates Supply Chain Investment in SAF by Shell Aviation, and Growing Demand for SAF<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nJetBlue (Nasdaq: JBLU) and Shell Aviation today announced a new collaboration bringing additional supply of sustainable aviation fuel (SAF) to Los Angeles International Airport (LAX), targeting commencement of delivery in the first half of 2023. Within the terms of the agreement, JetBlue is expected to take delivery of 10,000,000 gallons of blended SAF at LAX over the next two years and an option to purchase up to 5,000,000 gallons more in the third year, either at LAX or other airports in JetBlue\u2019s network.\n<\/p>\n

\nSAF is a type of renewable fuel that exists today that drops directly into existing aircraft and infrastructure with no impact to safety or performance. SAF can be produced from a wide array of renewable sources such as agricultural wastes and used cooking oils and can lower lifecycle greenhouse gas emissions by roughly 80% in its neat form when compared to traditional petroleum-based fuels.\n<\/p>\n

\n\u201cWe\u2019ve long said we need multiple key stakeholders to step up to reach our aggressive emissions reduction goals. This deal with Shell is a key signal of the growing engagement of the major fuel producers to begin converting conventional jet fuel to SAF,\u201d said Robin Hayes, chief executive officer, JetBlue. \u201cShell\u2019s involvement, with their expertise in energy markets and logistics, is a validation of the SAF market\u2019s potential and highlights how critical the SAF transition of our hard-to-decarbonize industry is to establishing a more sustainable future of flight.\u201d\n<\/p>\n

\nShell has announced its ambition to have 10% of its aviation jet fuel sales as SAF by 2030. To meet this goal, Shell is building supply chain capabilities to blend, handle and distribute SAF and enable more customers access to SAF, helping to accelerate the pace of decarbonizing the aviation sector.\n<\/p>\n

\n\u201cIt\u2019s terrific to be supporting JetBlue once again in its decarbonization efforts. Like Shell, JetBlue understands that SAF will be the key technology to help decarbonize flight,\u201d commented Jan Toschka, President of Shell Aviation. \u201cLAX is a critical North American airport hub and we\u2019re delighted to be able to provide JetBlue and corporations on its Sustainable Travel Partners program access to SAF, allowing them to lower their emissions while jointly contributing to investments in SAF.\u201d\n<\/p>\n

\nSupporting and growing SAF availability is critical to reaching larger airline industry goals and JetBlue\u2019s own goal to reach net zero by 2040, 10 years earlier than industry targets. This along with JetBlue\u2019s other existing sustainability commitments will apply to the airline\u2019s planned integration of Spirit Airlines into its operation. JetBlue will continue to do its part to encourage a diverse and competitive SAF market and encourage the build-up of available supply and the economies of scale needed for SAF prices to compete with traditional fuel sources.\n<\/p>\n

\n\u201cWe envision a future of a robust, regular, and diversified supply of SAF delivered all around our network, incrementally replacing conventional fuels and driving down emissions in our operation. We\u2019ve publicly committed to cutting our per-seat emissions in half by 2035, and a viable SAF market at scale is a key component to meet this goal,\u201d said, Sara Bogdan, director sustainability and ESG, JetBlue. \u201cWorking with Shell will not only help grow the availability of SAF in the long-term, but also ensure this transition is sustainable from a business perspective, by building the connections and infrastructure to help keep the cost of SAF competitive with traditional fuel.\u201d\n<\/p>\n

\nJetBlue and Shell will also be working to offer corporate customers additional ways to simultaneously reduce emissions associated with their flying while helping ensure transparency and accountability. Through Avelia, one of the world\u2019s first blockchain-powered digital SAF book-and-claim solutions for business travel, organizations will be able to directly address their corporate travel emissions with the purchase of JetBlue-issued SAF certificates. Developed by Shell and Accenture, with the support of the Energy Web Foundation (EWF), Avelia includes American Express Global Business Travel\u2019s world-leading travel management services to aggregate global business demand for SAF, which will increase SAF supply and help accelerate the aviation industry\u2019s pathway towards net zero emissions.\n<\/p>\n

\nThe additional SAF provided through Shell Aviation at LAX will increase the airline\u2019s SAF supply at the airport, bringing SAF to approximately 15 percent of JetBlue\u2019s total LAX jet fuel uptake. JetBlue also regularly flies on SAF out of San Francisco and in 2022 signed agreements with three additional SAF producers for future supply, continuing to look at future SAF partnerships with a particular interest in encouraging SAF in the Northeast.\n<\/p>\n

\nWhile JetBlue\u2019s successes with SAF in California are critical to the airline’s goal to convert 10% of its total fuel to be SAF by 2030, the airline acknowledges the vast majority of SAF being delivered today is to California airports as a result of the state\u2019s low-carbon fuel program. To expand SAF usage to other airports, additional federal and state level programs to encourage the voluntary use of lower carbon fuels through incentives will also likely be key in changing the economics for the SAF producers and the airline purchasers.\n<\/p>\n

JetBlue\u2019s Focus on the Environment<\/b><\/p>\n

\nJetBlue depends on natural resources and a healthy environment to keep its business running smoothly. Not only do we all rely on those natural resources, but tourism also relies on having beautiful, natural and preserved destinations for customers to visit. The airline focuses on issues that have the potential to impact its business. Customers, crewmembers and community are key to JetBlue’s sustainability strategy. Demand from these groups for responsible service is one of the motivations behind changes that help reduce the airline\u2019s carbon output and overall environmental impact. For more on JetBlue\u2019s sustainability initiatives, visit www.jetblue.com\/sustainability<\/a>.\n<\/p>\n

About JetBlue<\/b><\/p>\n

\nJetBlue is New York’s Hometown Airline\u00ae, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue carries customers to more than 100 destinations throughout the United States, Latin America, Caribbean, Canada and United Kingdom. For more information and the best fares, visit jetblue.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230314005696\/en\/<\/a><\/span><\/p>\n

JetBlue Corporate Communications
\n<\/b>
Tel: +1.718.709.3089
\n
corpcomm@jetblue.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Transportation Sustainability Environment Alternative Energy Energy Travel Air Transport<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

JetBlue and Shell Aviation Announce Agreement Bringing New Supply of SAF to LAX New Purchase Agreement Demonstrates Supply Chain Investment in SAF by Shell Aviation, and Growing Demand for SAF NEW YORK–(BUSINESS WIRE)– JetBlue (Nasdaq: JBLU) and Shell Aviation today announced a new collaboration bringing additional supply of sustainable aviation fuel (SAF) to Los Angeles International Airport (LAX), targeting commencement of delivery in the first half of 2023. Within the terms of the agreement, JetBlue is expected to take delivery of 10,000,000 gallons of blended SAF at LAX over the next two years and an option to purchase up to 5,000,000 gallons more in the third year, either at LAX or other airports in JetBlue\u2019s network. SAF is a type … <\/p>\n

Continue reading “JetBlue and Shell Aviation Announce Agreement Bringing New Supply of SAF to LAX”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-739872","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nJetBlue and Shell Aviation Announce Agreement Bringing New Supply of SAF to LAX - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jetblue-and-shell-aviation-announce-agreement-bringing-new-supply-of-saf-to-lax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JetBlue and Shell Aviation Announce Agreement Bringing New Supply of SAF to LAX - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"JetBlue and Shell Aviation Announce Agreement Bringing New Supply of SAF to LAX New Purchase Agreement Demonstrates Supply Chain Investment in SAF by Shell Aviation, and Growing Demand for SAF NEW YORK–(BUSINESS WIRE)– JetBlue (Nasdaq: JBLU) and Shell Aviation today announced a new collaboration bringing additional supply of sustainable aviation fuel (SAF) to Los Angeles International Airport (LAX), targeting commencement of delivery in the first half of 2023. Within the terms of the agreement, JetBlue is expected to take delivery of 10,000,000 gallons of blended SAF at LAX over the next two years and an option to purchase up to 5,000,000 gallons more in the third year, either at LAX or other airports in JetBlue\u2019s network. 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