Abu Dhabi Future Energy Company (Masdar), a leading clean energy company, has signed an agreement with Airbus to support the development and growth of the global sustainable aviation fuel market. The signing ceremony was held in the presence of His...
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Abu Dhabi Future Energy Company (Masdar), a leading clean energy company, has signed an agreement with Airbus to support the development and growth of the global sustainable aviation fuel market.
The signing ceremony was held in the presence of His Excellency Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President-Designate, Guillaume Faury, Chief Executive Officer, Airbus, and Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar. The agreement was signed by Mohammad Abdelqader El Ramahi, Chief Green Hydrogen Officer, Masdar and Mikail Houari, President, Airbus Africa and Middle East.
The agreement highlights areas of collaboration between the two companies, including Sustainable Aviation Fuels (SAF), Green Hydrogen, Direct Air Capture technologies, as well as supporting the development and implementation of 'book and claim' solutions.
Direct Air Capture technologies enable the capturing of atmospheric CO2 which could, in combination with Hydrogen be used to produce synthetic SAF.
The use of SAF based on Green Hydrogen and Direct Air Capture is estimated to reduce greenhouse gas emissions by up to 95 percent when compared to conventional jet fuel with the global sustainable aviation fuel market expected to grow to over US$14bn by 2032, according to Precedence Research.
"This MoU with Airbus further amplifies Masdar's commitment to accelerating the reduction of global carbon emissions and pioneering worldwide efforts towards decarbonization," said Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar. "We look forward to working closely with Airbus to support the development of the global sustainable aviation fuel market and to exploring the adoption of creative low carbon solutions in support of net zero."
"Sustainable Aviation Fuel (SAF) is one of the best solutions for reducing the aviation sector's carbon footprint and this agreement will support in advancing its much-needed development and growth," Mikail Houari, President, Airbus Africa and Middle East, said. "At Airbus, we continue to lead the industry towards a more sustainable future. We are committed to contributing to driving innovation to support the ambition set by IATA, ATAG and ICAO to reach "net zero carbon emissions by 2050."
Earlier this year, Masdar announced that the initiative it leads, which focuses on green hydrogen to produce SAF, is working with licensors to certify a new production pathway for sustainable aviation fuel (SAF) from methanol.
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