Qantas and Airbus are planning to invest up to $200 million in the development of a sustainable aviation fuel business in Australia
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Qantas Airways and Airbus said on Sunday they would invest up to $200 million to accelerate the development of a sustainable aviation fuels (SAF) industry in Australia to help meet the airline’s goal of lowering carbon emissions.
The agreement announced on the sidelines of global airline industry body IATA’s annual meeting in Doha is in line with Qantas’ target of using 10% SAF in its fuel mix by 2030 and comes after it placed a multi-billion dollar order for Airbus narrowbody and widebody planes last month.
The global airline industry, aiming to reach net-zero emissions by 2050, is relying on SAF usage to rise from around 100 million liters (26 million gallons) a year in 2021 to at least 449 billion litres a year within three decades, a mammoth and costly undertaking.
Qantas is sourcing SAF in London and Los Angeles but not in Australia.
Qantas has ordered Pratt & Whitney engines for its new Airbus narrowbody fleet.
This report’s information was first seen on Reuters; to read more, click this link.
