Prada Group announces first investment in SAF credits

Published by Poppy Clements, Editorial Assistant
Hydrocarbon Engineering, Monday, 15 April 2024 08:30

Prada Group has announced its first investment in sustainable aviation fuel (SAF) credits, utilising DHL Global Forwarding’s GoGreen Plus service. In 2023, the partnership with DHL allowed Prada Group to save approximately 4500 t of CO₂, which would correspond to 7% of the Group’s total transport associated emissions.

Today SAF is one of the most effective ways to decarbonise the aviation industry, allowing for a reduction of greenhouse gas emissions by at least 80% compared to conventional aviation fuel.

DHL follows an insetting approach, utilising sustainable fuels to reduce emissions directly at the source. Air carriers use sustainable biofuels on behalf of DHL, leading to reductions in emissions. These emission reductions are transferred to DHL, who then allocates them to the shippers in the form of certificates.

The SAF utilised by DHL for the Prada Group, produced from waste sources, such as used cooking oil and food waste, is certified by the International Sustainability & Carbon Certification (ISCC), independent initiative that promotes sustainable, traceable, deforestation-free, and climate-friendly supply chains.

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/15042024/prada-group-announces-first-investment-in-saf-credits/

NTU Singapore, ExxonMobil and A*STAR launch corporate lab for low-carbon solutions

Monday 29 April 2024 09:00

ExxonMobil, NTU Singapore, and the Agency for Science, Technology and Research (A*STAR) have established the ExxonMobil-NTU-A*STAR Corporate Lab to lower carbon emissions and contribute to resource efficiency.

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