Five Australian firms take part in Qantas’ SAF coalition
In Australia, The Sydney Morning Herald reported that five of Australia’s biggest companies will pay a premium to offset the cost of their air travel through investing in sustainable aviation fuel.
Australia Post, KPMG, Macquarie Group, Woodside Energy and Boston Consulting Group are the first corporate partners of Qantas’s SAF coalition, in which members will reduce about 900 tons of their air carbon emissions through contributing to reducing the cost of the in-demand fuel, according to the report.
“The demand for SAF has never been higher, but supply is lagging well behind, particularly without a local industry in Australia, and that’s keeping prices several times more expensive than traditional jet kerosene,” Qantas’s head Alan Joyce said. “The more leading corporates that join our program/coalition the more feasible a local industry becomes and the more cost-effective the fuel becomes,” the executive added.
The report also stated that these five firms will initially contribute to the cost of up to 10 million liters used by Qantas on flights out of London’s Heathrow Airport.
In 2025, members of the corporate program will subsidize a further 20 million liters a year on flights out of Los Angeles and San Francisco.
Category: Fuels
