AviationThe big three has launched a blockchain SAF programme that allows companies and business travellers to contribute to green travel.

Amex GBT, Shell and Accenture pilot sustainable aviation fuel programme

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They’re releasing over 1 million gallons of SAF that can power 15,000 flights from London to New York.
They’re releasing over 1 million gallons of SAF that can power 15,000 flights from London to New York. Photo Credit: GettyImages/Liliya Filakhtova

Amex GBT, Shell and Accenture have teamed up to launch Avelia, a platform for purchasing sustainable aviation fuel (SAF).

Avelia utilises a “book-and-claim” platform which allows both airlines and business travellers to purchase SAF credits to reduce carbon emissions and their overall environmental impact on flights.

Even if SAF is not available at the airport that the buyer of SAF is departing from, they can sleep a little easier at night knowing that the sustainable fuel is fed into another plane in an airport where SAF is available, which still drives a lower carbon footprint.

The concept behind this book-and-claim pilot aims to share the costs and benefits of SAF across the business travel sector. Airlines are able to access the "buying capacity" of corporate customers who, in a bid to travel more sustainably, are willing to share the higher cost of SAF. SAF is typically four to five times the price of normal jet fuel.

Shell and Accenture were responsible for creating the platform which uses blockchain technology. The blockchain technology will enable secured allocation of SAF’s environmental attributes to companies and airlines after the fuel has been delivered into the fuel network.

Amex GBT’s role in this partnership is to aggregate global business demand for SAF, which will increase fuel supply and usage, and further the aviation industry’s pathway towards net-zero emissions.

"A truly viable route to decarbonising air travel is now open for business. We're calling on all companies to join us and share the costs and benefits of SAF across the travel and aviation sectors," Paul Abbott, CEO of Amex GBT said. "Airlines will gain access to the buying capacity of businesses, drawing from Amex GBT's 19,000 customers around the world."

Avelia is the largest SAF book-and-claim pilot at launch, offering around 1 million gallons of SAF for companies to purchase – enough to power almost 15,000 individual business traveller flights from London to New York.

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