Airbus, Qantas to Invest in Sustainable Fuel Facility
30 Março 2023 - 6:31AM
Dow Jones News
By Mauro Orru
Airbus SE and Qantas Airways Ltd. agreed to invest in a biofuel
refinery in Queensland, Australia, to turn agricultural by-products
into sustainable aviation fuel, as airlines scale up efforts to cut
emissions as demand for air travel rebounds after years of
restrictions and border closures.
The European plane maker said Thursday that it would invest 2
million Australian dollars ($1.3 million) along with Qantas as part
of an initial AUD6 million capital raising to conduct a feasibility
study and early-stage project development.
The facility will harness alcohol-to-jet technology from
sustainable aviation fuel technology company LanzaJet to produce up
to 100 million litres of sustainable aviation fuel a year.
Construction of the facility is slated to begin next year.
"This is one of several projects that we are looking to fund
this year, all of which will help accelerate the development of a
local SAF industry in Australia," said Andrew Parker, Qantas's
Chief Sustainability Officer.
Airbus and Qantas last year committed to investing up to US$200
million to fast-track the development of a sustainable aviation
fuel industry in Australia.
Earlier this week, Germany's Deutsche Lufthansa AG committed to
covering at least 5% of its fuel requirements with sustainable
aviation fuel by the end of the decade, as part of its wider goal
of halving its net CO2 emissions by 2030 compared to 2019, and
achieve a neutral CO2 balance by the middle of the century.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
March 30, 2023 05:16 ET (09:16 GMT)
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