CAAS, SIA and Temasek said in a joint media release that a total of 1,000 SAF credits will be sold.
SIA’s corporate customers and freight carriers can purchase SAF credits directly from SIA, reducing carbon emissions associated with their flights.
Freight carriers, on the other hand, can sell credit to downstream customers to reduce carbon emissions from their business operations.
The sale of credits is part of the CAAS-SIA-Temasek pilot announced last November to promote the use of sustainable aviation fuels in Singapore.
Starting in the third quarter of this year, the one-year trial will use a blend of refined jet fuel and Neat SAF, which refers to unmixed or undiluted sustainable fuel, for all SIA and Scoot flights from Changi Airport. Will fly.
Credits are generated from 1,000 tonnes of decent SAF and are expected to reduce carbon dioxide emissions by 2,500 tonnes.
All credits purchased will help reduce 2.5 tonnes of carbon dioxide emissions, according to media announcements.
“With the launch of SAF credits, customers such as businesses, individual travelers and freight carriers can contribute to the environment and reduce carbon dioxide emissions,” he added.
SIA will also partner with Climate Impact X to introduce a bundle portfolio of SAF credits and carbon credits.
According to the media release, this product is designed to meet the company’s demand for SAF while balancing affordability.
To ensure transparency, SAF Credits are registered as part of a pilot project within Roundtable, a global membership organization for sustainable biomaterial booking and billing systems.