Seven organisations have co-invested in a US$200 million sustainable aviation fuel (SAF) financing fund – one of two freshly launched vehicles focused on accelerating the production of the resource. Airbus, Air France-KLM, Associated Energy, BNP Paribas, Mitsubishi HC Capital, and Qantas collaborated with Burnham Sterling Asset Management to establish the Sustainable Aviation Fuel Financing Alliance (SAFFA) investment fund, in which Airbus is the anchor investor. Investments will be diversified across various SAF production pathways and regions, with the SAFFA having made its first investment in Crysalis Biosciences – a tech company dedicated to renewing US chemical manufacturing infrastructure with innovative fuel and chemical production technologies. In separate news, Spanish multinational tech firm Amadeus presented an investment proposal for Clear Sky’s debut sustainable aviation fund. Focused on SAF, carbon removal, alternative propulsion, ground operation innovation and materials recycling, the vehicle will look to catalyse the deployment of hundreds of millions of dollars across initiatives including tech companies in the venture space, project infrastructure and underlying innovations. “The journey toward sustainability in the travel industry is one we must undertake together,” said Decius Valmorbida, President of Travel at Amadeus. “We can only reach our goals collaboratively, and the potential investment outlined today is an excellent example of this approach in action … We believe solutions like alternative fuels and robust offset mechanisms will be central to the future of travel.”
Today, #AirFranceKLM, @Airbus and their partners co-invested in a Sustainable Aviation Fuel financing Fund aimed at accelerating the availability of SAF.
Find out more: https://t.co/M66yGzLheo pic.twitter.com/ErL0SLLcVP— Air France-KLM Group (@AirFranceKLM) July 23, 2024
