Masdar and Airbus to support the development and growth of the global SAF market
Published by Bella Weetch,
Editorial Assistant
Hydrocarbon Engineering,
Masdar, one of the world's leading clean energy companies, has signed an agreement with Airbus, one of the largest aeronautics and space companies in Europe, to support the development and growth of the global sustainable aviation fuel (SAF) market.
The signing ceremony was held in the presence of His Excellency Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President-Designate, Guillaume Faury, Chief Executive Officer, Airbus, and Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar. The agreement was signed by Mohammad Abdelqader El Ramahi, Chief Green Hydrogen Officer, Masdar and Mikail Houari, President, Airbus Africa and Middle East.
The agreement highlights areas of collaboration between the two companies, including SAFs, green hydrogen, direct air capture technologies, as well as supporting the development and implementation of 'book and claim' solutions.
Direct air capture technologies enable the capturing of atmospheric CO2 which could, in combination with hydrogen, be used to produce synthetic SAF. The use of SAF based on green hydrogen and direct air capture is estimated to reduce greenhouse gas emissions by up to 95% when compared to conventional jet fuel, with the global SAF market expected to grow to over US$14 billion by 2032, according to Precedence Research.
Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar, said: "This MoU with Airbus further amplifies Masdar's commitment to accelerating the reduction of global carbon emissions and pioneering worldwide efforts towards decarbonisation. We look forward to working closely with Airbus to support the development of the global sustainable aviation fuel market and to exploring the adoption of creative low-carbon solutions in support of net zero."
Mikail Houari, President, Airbus Africa and Middle East, said: "SAF is one of the best solutions for reducing the aviation sector's carbon footprint and this agreement will support in advancing its much-needed development and growth. At Airbus, we continue to lead the industry towards a more sustainable future. We are committed to contributing to driving innovation to support the ambition set by IATA, ATAG and ICAO to reach net zero carbon emissions by 2050."
"We have a legacy of successful collaborations in the UAE that has contributed to advancing the country's aerospace sector capabilities. This new agreement with Masdar marks yet another milestone in the partnership between Airbus and the UAE," he added.
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/17052023/masdar-and-airbus-to-support-the-development-and-growth-of-the-global-saf-market/
You might also like
Repsol takes its multi-energy to major music festivals in Spain and Portugal
Repsol has joined forces with the six most important music promoters in Spain to jointly promote the use of different multi-energy solutions initially in 77 events.