Amex Global Business Travel (Amex GBT) and Shell Aviation announced an agreement with Google to source sustainable aviation fuel (SAF) environmental attribute information through the SAF registry Avelia.
Avelia is the leading blockchain-powered book and claim solution that aims to scale SAF, reducing the life cycle greenhouse gas emissions of aviation, and enabling greater participation in the sector’s decarbonisation efforts.
“Sustainable aviation fuel represents a critical unlock for decarbonising the hard-to-abate aviation sector and we recognise the importance of long-term agreements to increase demand and expand its availability. We view this as a key opportunity to support the broader ecosystem through this book and claim effort, while making progress towards reducing our own aviation emissions,” said Vrushali Gaud, global director of Climate Operations, Google.
Avelia brings together airlines and businesses worldwide to bridge the gap between a concentrated SAF supply and a dispersed demand, by expanding access to SAF’s life cycle greenhouse gas emissions reduction benefits, relative to conventional jet fuel, across the aviation value chain.
The environmental attributes information is securely tracked and allocated through blockchain on the Avelia SAF registry.
Avelia’s ‘book and claim’ model enables businesses to buy the carbon savings of clean fuel, even when SAF is not physically available at their departure airport – provided that the SAF is injected into the aviation fuelling system elsewhere. This approach enables a broader range of stakeholders to access and potentially benefit from SAF, helping to accelerate aviation decarbonisation.
66 corporations and airlines have already joined Avelia, with more than 1,300 retirements executed.
