Directional Aviation, Alder Fuels, 4Air and Flexjet have collaborated to launch a new type of Sustainable Aviation Fuel (SAF), supported by blockchain technology to prove its carbon reduction credentials.
Private aviation investment company, Directional Aviation announced an undisclosed financial investment in SAF producer, Alder Fuels yesterday (September 15). The investment will allow Alder to expand production of the second generation SAF and supply it to Flexjet and other private aviation operators.
Kenn Ricci, principal, Directional Aviation said: “Our investment in Alder Fuels and our partnership to develop the use of digital technology to record the use of SAF is an example of private aviation that aims to commit to sustainability and identify solutions to reduce carbon emissions that help the entire aviation industry.
A new renewable fuel, Alder Greencrude (AGC) SAF Alder Fuels, uses sustainable biomass such as regenerative grasses, forest residues and agricultural waste products instead of using fats, oils and fats.
According to Alder Fuels, AGC reduces greenhouse gas emissions by more than 80% compared to petroleum jet fuel and can be converted to SAF using existing bio and petroleum refinery infrastructure.
A fractional ownership operator, Flexjet will be the first user of business aviation and has committed to get 12% of its annual fuel consumption from SAF by 2030.
Flexjet CEO Michael Silvestro said that over the past two years, the company has achieved carbon neutral flight operations through offsetting initiatives. “However, we want to take the next step, not just offsetting emissions but actually reducing them directly in our operations by taking real steps now.,” he said.
Flexjet will also pilot a blockchain transparency tool. “The use of SAF produced with Alder’s advanced Greencrude will help us achieve this goal and the transparent tool developed by Alder Fuels and 4Air will be a real proof of concept,” Silvestro added.
4Air and Alder Fuels will collaborate on the deployment of a blockchain-powered tool to track SAF usage from source to wing tank. It will provide transparency on SAF production and document compliance with regulatory programs, environmental, social and governance (ESG) targets and carbon reduction milestones for business aviation.
Kennedy Ricci, president, 4Air said: “The use of blockchain technology to transparently and permanently record the sustainable use of aviation fuel is an innovative application that will help users with regulatory and voluntary compliance and provide greater transparency on the benefits of SAF as a way to reduce climate-changing aircraft carbon emissions.”
The need for industry-wide adoption of SAF is growing. Earlier this year, the US government launched the ‘SAF Grand Challenge’ setting US SAF production targets of 3 billion gallons by 2030 and 35 billion gallons by 2050.
The new Inflation Reduction Act also supports this. The US government will provide tax credits for each gallon of SAF produced that demonstrates a 50% or greater reduction in life-cycle greenhouse gas emissions from petroleum jet fuel.
The process for AGC has been validated by the Department of Energy’s National Renewable Laboratory (NREL), with Alder claiming the fuel has the potential to be carbon negative when using regenerative crops. Blockchain technology tools are designed to verify sustainability claims for new fuels and help users qualify for tax credits from the US government.
According to Alder Fuels, AGC SAF meets current aviation specifications and is in the process of being globally certified as a 100% drop-in replacement for petroleum-based jet fuel.
Bryan Sherbacow, CEO and president, Alder Fuels said: “As we make the transition from fossil to sustainable energy throughout our economy, transparency is critical. Here’s how we build trust and integrity to power the adoption curve – and what we’re doing.