Masdar and Airbus Collaborate to Accelerate Sustainable Aviation Fuel Market Growth
Masdar, a clean-energy firm headquartered in the UAE, has recently entered into a memorandum of understanding (MoU) with Airbus to foster the advancement and expansion of the global sustainable aviation fuel market. This collaboration between the two companies encompasses various areas, including sustainable aviation fuel (SAF), green hydrogen, direct air capture (DAC) technologies, as well as the facilitation of book-and-claim solutions, as confirmed by Masdar, which is based in Abu Dhabi.
The CEO of Masdar, Mohamed Jameel Al Ramahi, expresses the company's dedication to expediting the reduction of worldwide carbon emissions and spearheading efforts in global decarbonization through this MoU with Airbus. Al Ramahi further highlights the anticipation of a close partnership with Airbus in driving the development of the global sustainable aviation fuel market and exploring innovative low-carbon solutions in support of achieving net-zero goals.
DAC technologies play a crucial role in capturing atmospheric carbon dioxide, which, when combined with hydrogen, can be employed to create synthetic sustainable aviation fuel (SAF). Masdar, referring to research conducted by Precedence Research, estimates that SAF derived from green hydrogen and DAC technologies has the potential to decrease greenhouse gas emissions by up to 95% compared to conventional jet fuel. Additionally, Masdar foresees the global SAF market expanding to over $14 billion by 2032.
In a previous announcement earlier this year, Masdar revealed its collaboration with licensors in the certification of a novel production pathway for sustainable aviation fuel derived from methanol.