Berkshire Hathaway’s NetJets Europe is the first to purchase certified sustainable aviation fuel in Spain from Air bp, the international aviation fuel products and service supplier that is the aviation division of bp.
Spain is one of the largest global aviation markets.
The ISCC PLUS certified sustainable aviation fuel (SAF) was produced at AIR bp’s Castellon refinery and is available across the Air bp network in Spain.
The fuel is produced from waste based sustainable feedstocks procured by the refinery and co-processed with fossil fuel to create a synthetic low carbon fuel. SAF is certified using International Sustainability and Carbon Certification (ISCC) PLUS procedures. This is the first time that Air bp has sold SAF using the ISCC PLUS certified method.
The Co-processing is a key step in replacing fossil fuel with renewable feedstock within refineries and helping to advance the decarbonization of transport including aviation.
The ISCC PLUS certified SAF claims an attributed saving of around 80 percent carbon emissions over its lifecycle compared with conventional jet fuel it replaces.
Christian Luwisch, NetJets Europe, executive director, said, “We are proud to collaborate with Air bp to supply SAF for NetJets’ aircraft in Europe. This new partnership is an important next step in our ongoing commitment to reduce the environmental footprint of our company. Our Owners will now benefit from this supply of SAF which we expect to be in the region of 325,000 USG during the first 12 months.”
Martin Thomsen, CEO, Air bp, said, “We are excited to announce our first sale of SAF in Spain, which opens up new supply opportunities in an important aviation market. We are also delighted to have the support of our customer, NetJets Europe, which demonstrates their willingness to invest in SAF to help reduce carbon emissions. We hope this announcement will encourage more customers to purchase SAF in Spain. We believe SAF is one of the aviation industry’s key routes to reducing carbon emissions, and ISCC PLUS certified SAF is the first step towards developing new refining and commercial solutions, including those that achieve CORSIA certification, to keep decarbonizing our offers for our aviation customers.”
Air bp notes that it was involved in fueling the first SAF flight by an airline in February 2008 and since then has been enabling ground-breaking test flights and investing in sustainable alternative fuels. To date Air bp has supplied sustainable aviation fuel to over 20 airports.
© 2021 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.