Korean Air signs MOU with Hyundai Oilbank to produce and consume SAF

In South Korea, Korean Air signed a Memorandum of Understanding (MOU) with Hyundai Oilbank, a leading petroleum and refinery company in Korea, regarding the manufacturing and usage of sustainable aviation fuel (SAF).

Through the partnership, Korean Air hopes to not only counter climate change caused by the aviation industry through the use of SAF, but also help commercialize SAF and explore other business opportunities. 

Korean Air and Hyundai Oilbank will work to develop a foundation for biofuel manufacturing and its usage; explore opportunities for SAF usages in the market; raise awareness about SAF; and propose relevant policies.