Southwest Airlines and Sunoco, a division of Energy Transfer Partners (NYSE: ETP), have signed an agreement that will see them collaborate to develop fuel produced from renewable resources. The 15-year deal is the first time in history that any airline has committed to buying exclusively sustainable aviation fuel.,
The agreement is a testament to Southwest Airlines’ commitment to being part of the aviation industry’s sustainability, and the fuel company’s support for sustainable practices. Because it has been around since 2005, people have come to rely on it so much that they barely think about what fuels their flights anymore. This means a lot less waste going into landfills in addition to reducing costs for airlines and travelers alike.,
The “velocys” is the speed at which an aircraft travels. Southwest Airlines has announced that they will be using sustainable aviation fuel for their flights for 15 years.
WHY IT RATES: Southwest Airlines maintains its commitment to environmentally responsible travel. — Donald Wood is a senior writer at Breaking News.
Southwest Airlines Co. signed a 15-year offtake deal for 219 million gallons of sustainable aviation fuel with Velocys Renewables LLC (“Velocys”) (SAF). According to Velocys, the SAF could create 575 million gallons of net-zero1 fuel and prevent 6.5 million metric tons of CO2 during the course of the agreement when mixed with conventional jet fuel.
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Southwest intends to start buying SAF from Velocys Bayou Fuels in Natchez, Mississippi, as early as 2026. Southwest and Velocys have also created a long-term strategic partnership as part of the offtake deal, allowing Southwest to acquire considerable quantities of SAF from future Velocys operations.
“This agreement is a significant step forward in our environmental sustainability strategy, bringing us closer to our goal of replacing 10% of our total jet fuel consumption with sustainable aviation fuel by 2030,” said Michael AuBuchon, Southwest Airlines’ Senior Director of Fuel Supply Chain Management. “This new strategic connection with Velocys might offer Southwest with large extra amounts of sustainable aviation fuel in the future.”
Henrik Wareborn, CEO of Velocys, stated, “Our 15-year offtake deal with Southwest Airlines will allow them to use the lowest carbon intensity sustainable aviation fuel disclosed to date.” “The SAF generated at the Bayou Fuels facility will use a sustainable feedstock (forestry leftovers from plantation forests) and renewable energy from a nearby solar facility, as well as a carbon capture contract that will store over 500,000 tons of CO2. It’s also projected to have a sulfur content that’s 99 percent lower than traditional jet fuel, lowering sulfur emissions.”
Southwest understands the need of a commercially successful SAF in the company’s plan to reach carbon neutrality by 2050. Southwest is one of the most well-known airlines in the world, and it works hard to maintain a triple bottom line emphasis on people, performance, and the environment.
SOURCE: A news statement from Southwest Airlines.
Southwest Airlines has announced a 15-year agreement with sustainable aviation fuel producers. The airline will be using the fuels for its flights and employees.
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