delta sustainable aviation fuel

1 airline named among Americas Most Sustainable Companies by Barrons in 2020, the only U.S. airline included in the 2021 S&P Global Sustainability Yearbook and has received the Vision for America Award by Keep America Beautiful and Captain Planet Foundation's Superhero Corporate Award. January 30, 2020 | Jim Lane. This iswhyinvestments,guided by a stronglong-term vision,are so critical. Statements made in this release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments or strategies for the future, should be considered forward-looking statements under the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Deloitte is one of Deltas first corporate customers to purchase SAF facilitated by Delta. We expect our path toward achievement of this ambitious climate goal to include fleet, sustainable aviation fuel, operational improvements and offsets. Technical analysis done at ICAO shows that SAF has the greatest potential to reduce CO 2 emissions from International Aviation.. ICAO is working to facilitate SAF development and deployment through four main streams: DG Fuels is committed to developing and supporting initiatives that provide practical and sustainable benefits to businesses, the environment and local communities, said Michael C. Darcy, Chief Executive Officer of DG Fuels. Under a new agreement, DG Fuels, LLC plans to establish a new SAF supply stream that could provide Delta with 385 million gallons of unblended sustainable aviation fuel, while helping to expand availability of SAF in the underserved marketplace. A carbon offset is a verified, quantifiable emissions reduction as a result of an investment in a project designed to avoid, reduce or remove carbon dioxide from the atmosphere. In addition to exploringinvestments inSAF andresearch and developmentfornew technologies,Deltaplans to spend more than $30 millionto address13millionmetric tonsofcarbon dioxide emissions from March1 to Dec. 31,2020throughanoffset portfolio. Delta hasexecutedindustry-leadingSAFagreements with corporate customers totake collective action for the greater good of our planet. United's original purchase agreement for SAF was in 2013. Delta and DG Fuels, LLC are taking an important step together to expand the availability of sustainable fuel, with a new low-emissions SAF, which is critical to achieving a more sustainable future for aviation. With this partnership, we are seeing the entirety of the travel industry invested in creating a sustainable future for aviation, said Deltas Amelia DeLuca, Managing Director Sustainability. Chevron, Delta Air Lines, and Google today announced a memorandum of understanding (MOU) to track sustainable aviation fuel (SAF) test batch emissions data using cloud-based technology. Delta was the No. Deltas thoughtful approach to understanding the research ecosystem will help support research and development for the industry, saidSteven Barrett,Head of MITs Laboratory for Aviation and the Environment. For more information, visit www.bcdgroup.com. The premier agreement helps address emissions from BCD employee travel and, as one of the largest travel management agencies in the world, bolsters the future of sustainability in the travel industry. In its pure form, it can reduce life cycle carbon emissions up to 80 percent compared to petroleum-based jet fuel and is a key component in Deltas commitment to becoming carbon neutral. Read more:neste.com. Deltas commitment to sustainability is about joining arms to create a better world as the industry works to reach its sustainability goals. Delta was the No. For instance, the company has replaced more than 200 older aircraft with new planes that are 25 percent more fuel efficient. The premier agreement helps address emissions from BCD employee travel and, as one of the largest travel management agencies in the world, bolsters the future of sustainability in the travel industry. Cellulosic biomass feedstock SAF is the key to scaled deployment that moves the needle for the aviation industry in reducing its carbon footprint, said Christopher J. Chaput, President and CFO of DG Fuels. For more information, visit Delta.com/sustainability. Read More: https://news.delta.com/deltas-deal-gevo-pushes-saf-goal-forward. Delta is working toward more sustainable aviation by leveraging existing solutions and technologies, investing in the future of Sustainable Aviation Fuel and actively engaging with next-generation solutions. fact: Chevron's outlook is that SAF is expected to be the favored option for carbon reduction in jet fuel. Collaborations like this, between Delta and Deloitte, further support SAF development and represent the growing demand for innovations in clean fuel technologies. DG Fuels will provide Delta with 385 million gallons of a new low-emissions sustainable aviation fuel, a vital resource needed for aviation to reach its sustainability goals. This will be achieved primarily through sustainable aviation fuels and new technology . Emirates Operates Milestone Demonstration Flight Powered with Neste MY Sustainable Aviation Fuel, in Partnership with GE Aerospace, Boeing, Honeywell and Virent, to Support 100% SAF Certification. Achieving thisambitiousgoalwill requiresignificant capital investment, support from government partners, research and development frommanufacturersand evolution of some of theworlds largest industries. For more information, visit www.bcdtravel.com. "This first-of-its-kind investment for Southwest furthers our efforts to support the commercialization of affordable, lower-carbon SAFon a life-cycle basis compared to conventional jet fuelwhich can help the aviation industry reach its ultimate goal of carbon neutrality by 2050." Delta Air Lines commits to publicly report on non-CO2e impacts of aviation over its target timeframe. More information on Deltas sustainability efforts are available in its 2021 Environmental, Social and Governance Report. Neste aims at helping customers to reduce greenhouse gas emissions with its renewable and circular solutions by at least 20 million tons annually by 2030. Statements made in this release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments or strategies for the future, should be considered forward-looking statements under the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. The blended sustainable aviation fuel is expected to be available for use by Delta starting in 2024. Delta will need to secure 400 million gallons annually by the end of 2030 to meet its 10% SAF procurement commitment and approximately 4 billion gallons annually if it were to fly solely on SAF. Read More: https://news.delta.com/delta-spotlights-sustainable-heights-recent-flight. Delta is on a journey to decarbonize our industry our Flight to Net Zero but its not a task that happens overnight. DELTA NEWS ON THE GO. 1 airline named among America's Most Sustainable Companies by Barron's in 2020, the only U.S. airline included in the 2021 S&P Sustainability Yearbook and has received the. In the short term,Deltaintends to achievecarbonneutralitybydirectlyreducing emissionsthroughfleet and operational efficienciesandaddressingremainingemissions throughcarbon offsetprojectinvestmentsthat maintain,protectandexpand forests. Department of Energy Honors 12 From NREL. Read More: https://news.delta.com/delta-launches-flight-net-zero-signs-partnership-cwt. The report was informed by the reporting standards of the Sustainability Accounting Standards Board and the Task Force on Climate-Related Financial Disclosures, and future iterations of the report will continue to build on ESG content and analysis. Sustainable aviation fuels (SAF) are attractive to the aviation industry because they provide a large reduction of greenhouse gas emissions with little changes to current technology. In 2020, we retired more than 200 aircraft and are replacing them with aircraft that are 25 percent more fuel-efficient than the models that are being replaced. Its a decades-long process requiring collaboration across our business and with other industries. From being the first and only U.S. airline to voluntarily cap greenhouse gas emissions at 2012 levelstolast years commitment tobethe first carbon-neutral airline globally, Delta has a longstanding commitment to sustainable air travel. "When Delta committed to being carbon neutral, we also committed to continued. Delta has also earned a spot on the FTSE4Good Index forsixconsecutive years and theDow Jones Sustainability North America Indexfortenconsecutive years. Delta's goal is to replace 10 percent of its jet fuel refined from fossil fuel with sustainable aviation fuel by the end of 2030. Two projectsin Deltasoffsetportfolio areRimbaRaya and Keo Seima,which protect forests through a community-driven conservation model involving local communities in Indonesia and Cambodia. Right now, there's only enough sustainable aviation fuel on the market to supply one day of Delta's operations. Sustainable Aviation Fuels The U.S. Department of Energy Bioenergy Technologies Office (BETO) empowers energy companies and aviation stakeholders by supporting advances in research, development, and demonstration to overcome barriers for widespread deployment of low-carbon sustainable aviation fuel (SAF). Now celebrating 175 years of service, Deloittes network of member firms spans more than 150 countries and territories. Many airlines and fuel companies are investing in SAFs. The newaircraftreplacing those planesare25percent more fuel efficient per seat mile than the aircraft they replace. Scaling up sustainable aviation fuel production to at least 3 billion gallons per year by 2030 by supporting producers . BCD Group is a market leader in the travel industry. The companies hope to create a common, more transparent model for analyzing potential greenhouse gas emissions reductions that could then be adopted by organizations considering SAF programs. "While Delta continues to take actions toward our long-term goal of reducing carbon . The . Read More: https://news.delta.com/delta-commits-set-science-based-target-align-paris-agreement. Delta will welcome a Chief Sustainability Officer in 2022, continuing its commitment to build a sustainable future for air travel. Navigation can be closed using the escape key, Always Climbing: 2021 ESG Report highlights Deltas accelerated progress toward a people-centric future, Delta spotlights sustainable heights on recent flight, Delta leaders reflect on accelerating the airlines sustainability goals, Earth Month: How Delta is doing our part for a sustainable future, Deltas deal with Gevo pushes SAF goal forward, A decarbonized future for flight: Delta and Airbus collaborate to pull forward the future of hydrogen fuel, Delta announces a new program to build a more resilient, transparent and effective supply chain, Delta invests in TPG Rise Climate to accelerate innovative climate solutions, Delta Air Lines releases Climate Lobbying Report, A message to SkyMiles members from CEO Ed Bastian: Innovating for travel's future, Delta to welcome Chief Sustainability Officer, Delta joins First Movers Coalition to drive breakthrough technologies and sustainable fuels, Delta invests in net-zero aviation through Aviation Climate Taskforce, Delta joins Drawdown Georgia Business Compact, Delta details climate change fight at Global Citizen, Delta joins coalitions driving net-zero future, New campaign shines light on Deltas carbon neutrality, Delta Commits to set a Science Based Target to align with the Paris Agreement, Chevron, Delta Air Lines, and Google Announce Intent to Measure Sustainable Aviation Fuel Emissions Data, Increase Industry Transparency, Delta signs first multi-year SAF agreement with CTM, reaches collective purchase of 300,000 gallons with corporate partners, Delta launches Flight to Net Zero, signs partnership with CWT, Delta's ESG Report: Powering purpose-driven goals to be a catalyst for change, Delta and BCD Travel sign industry-first global travel management sustainable fuel agreement, sustainable fuel agreements with corporate customers, Deltas 2021 Environmental, Social and Governance (ESG) Report, https://news.delta.com/delta-announces-new-program-build-more-resilient-transparent-and-effective-supply-chain, https://news.delta.com/delta-invests-tpg-rise-climate-accelerate-innovative-climate-solutions, https://news.delta.com/delta-air-lines-releases-climate-lobbying-report, https://news.delta.com/message-skymiles-members-ceo-ed-bastian-innovating-travels-future, https://news.delta.com/delta-welcome-chief-sustainability-officer, https://news.delta.com/delta-joins-first-movers-coalition-drive-breakthrough-technologies-and-sustainable-fuels, https://news.delta.com/delta-invests-net-zero-aviation-through-aviation-climate-taskforce, https://news.delta.com/update-our-path-net-zero, https://news.delta.com/delta-details-climate-change-fight-global-citizen, https://news.delta.com/delta-joins-coalitions-driving-net-zero-future, https://news.delta.com/new-campaign-shines-light-deltas-carbon-neutrality, https://news.delta.com/delta-commits-set-science-based-target-align-paris-agreement, https://news.delta.com/chevron-delta-air-lines-and-google-announce-intent-measure-sustainable-aviation-fuel-emissions-data, https://news.delta.com/delta-launches-flight-net-zero-signs-partnership-cwt, https://news.delta.com/deltas-esg-report-powering-purpose-driven-goals-be-catalyst-change, https://news.delta.com/delta-and-bcd-travel-sign-industry-first-global-travel-management-sustainable-fuel-agreement. Flight to Net Zero encompasses Deltas climate leadership through its carbon neutrality goal. Delta takes the stage during Global Citizen Live on Sept. 25 to share our carbon-neutral message and describe our science-based efforts to reduce greenhouse gas emissions in partnership with the Science Based Target Initiative. The agreement is part of the airlines longstanding commitment to work with customers to reach collective goals for the greater good of our planet. Hear from three Delta leaders about why this journey matters, what were doing now and where were headed. Using sustainable aviation fuel won't significantly reduce greenhouse gas emissions. 1 airline named among America's Most Sustainable Companies by Barron's in 2020, the only U.S. airline included in the 2021 S&P Sustainability Yearbook and has received the Vision for America Award by Keep America Beautiful and Captain Planet Foundation's Superhero Corporate Award. It is part of the airlines longstanding commitment to work with customers to reach collective goals for the greater good of our planet. The low-carbon and high . The goal is to power every flight fueled at SEA with at least a 10% blend of sustainable aviation fuel (SAF) by 2028. This partnership significantly increases Delta's access to sustainable aviation fuel while expanding the alternative fuel market. These projectsprevent deforestation toensure that some of the worlds largest forests remainintactand continue to absorb and store carbon dioxide. Read more about Deltas efforts to grow the SAF market on the Delta News Hub. This partnership is the first multi-year SAF commitment for Delta and builds on the growing list of travel management companies and corporate partners that share in Deltas commitment to bolster the future of sustainable air travel. That is equaltothecarbonsequesteredby17 millionacresof U.S. forests in one year,enough tocoverthe state ofWest Virginia. The companyhasagreedto purchasea future supply of70 million gallons of sustainable aviation fuel per year. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (DTTL), its network of member firms, and their related entities. While current events may have drawn the immediate focus away from sustainability efforts, this does not mean that airlines' commitments to biofuel have wavered. 2022 is shaping up to be a pivotal year for our world, and that includes Delta and you. Numerous airlines, aircraft makers and fuel companies are working to create SAFs. Strategic Corporate Initiatives. The agreement is part of the airlines longstanding commitment to work with customers to reach collective goals for the greater good of our planet, 10 ways Delta advanced the more sustainable future of flying in 2022, Delta, DG Fuels partner in pivotal expansion of sustainable fuel market, Delta, Neste, Colonial Pipeline show how current infrastructure is ready for SAF, Delta spotlights sustainable heights on recent flight, Delta leaders reflect on accelerating the airlines sustainability goals, Deltas deal with Gevo pushes SAF goal forward, Delta invests in TPG Rise Climate to accelerate innovative climate solutions, Delta joins First Movers Coalition to drive breakthrough technologies and sustainable fuels, Delta invests in net-zero aviation through Aviation Climate Taskforce, Chevron, Delta Air Lines, and Google Announce Intent to Measure Sustainable Aviation Fuel Emissions Data, Increase Industry Transparency, Delta signs first multi-year SAF agreement with CTM, reaches collective purchase of 300,000 gallons with corporate partners, Delta launches Flight to Net Zero, signs partnership with CWT, Delta and BCD Travel sign industry-first global travel management sustainable fuel agreement, Delta and Takeda partner to reduce 2021 aviation emissions via sustainable fuel agreement. Alongside 30 aviation leaders, Delta and United last week joined Mission Possible Partnership in an initiative that lays out an ambitious pathway for phasing out fossil jet fuel by 2050. NWABF plans first delivery of the fuel by the end of 2023. Deltas continued focus on sustainability, especially during a pandemic that has severely impacted its business, speaks volumes, said Joe Ucuzoglu, Deloittes U.S. CEO. Increased production will improve the economies of scale for these sustainable fuels, which made up less than 0.1 percent of the 96 . Delta was the No. One company alone cannot solve this challenge, making partnerships critical. Delta Air Lines is continuing its commitment as a sustainability leader in our home state, joining a coalition of Georgia businesses committed to developing a just, competitive and sustainable transition to net-zero emissions by 2050. Delta has also earned a spot on the FTSE4Good Index for six consecutive years and theDow Jones Sustainability North America Indexfor ten consecutive years. The companies hope to create a common, more transparent model for analyzing potential greenhouse gas emissions reductions that could then be adopted by organizations considering SAF programs. Delta is also investing in new, more fuel-efficient aircraft to optimize the use of jet fuel. Carbon capture and storagetechnologyneed to progress to serve the expected demand for carbon dioxide removal from the atmosphere, especially for hard-to-abate sectors like aviation. In addition, the projects promote sustainable livelihoods, conserve critically endangered species, support the preservation of indigenous communities culture and traditions, and maintain the natural resources on which forest communities depend.. Subscribe and follow. The partners will work to meet the specific sustainable aviation fuel timetable and goals approved by the Port of Seattle Commission in December 2017: for a minimum of 10 percent of sustainable jet fuel to be produced locally from sustainable sources within 10 years, increasing to 50 percent by 2050. Sept 30 (Reuters) - U.S. carrier Delta Air Lines Inc (DAL.N) will buy sustainable aviation fuel (SAF) from Aemetis Inc (AMTX.O) in a 10-year deal worth over $1 billion, including tax. In July of 2019, Delta flew the first of 20 carbon-neutral new aircraft delivery flights from the Airbus final assembly line in Mobile, Ala., utilizing sustainable aviation fuel and carbon offsets in coordination with Airbus and Air BP. Delta is partnering with universities, foundations, and others to explore circular economy solutions to waste. . This partnership significantly increases Deltas access to sustainable aviation fuel while expanding the alternative fuel market. Subscribeandfollow. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments and strategies reflected in or suggested by the forward-looking statements. Deltasgoal is to have an offset portfolio that includes: CarbonAvoidanceProjects:Deforestation contributes 10to 15 percentof carbon emissions globally. NIKE, Inc.andDeloitte, Deltas first and second corporatecustomers to purchaseSAFfacilitated by Delta, aresupportinga future of more sustainable business travel. The coalition is spearheaded by the U.S. State Department and the World Economic Forum and reflects Deltas leadership as the worlds first carbon neutral airline. Delta has also earned a spot on the FTSE4Good Index for six consecutive years and the Dow Jones Sustainability North America Index for ten consecutive years. . Deloittes people come together for the greater good and work across the industry sectors that drive and shape todays marketplace delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deltas goal as a founding member of the First Movers Coalition, Delta joins First Movers Coalition to drive breakthrough technologies and sustainable fuels, 2021 Environmental, Social and Governance Report, No one better connects the sky': Delta returns to CES, Deltas deal with Gevo pushes SAF goal forward, 10 ways Delta advanced the more sustainable future of flying in 2022, Delta leaders reflect on accelerating the airlines sustainability goals, Delta, Joby Aviation partner to pioneer home-to-airport transportation to customers. Delta's Commitment to Sustainability Since 2005, Delta has reduced its jet fuel consumption, leading to an 11 percent decrease in emissions as Delta works toward its long-term goal of reducing emissions by 50 percent by 2050. Earth Day is the global moment for the world to reflect on how we can all act more responsibly and innovate toward a more sustainable future. SAF is a cleaner, direct replacement for fossil jet fuel and reduces . DELTA NEWS ON THE GO. At Delta, however, that isnt something we do on just one day its a mindset that informs every decision we make. Under a new agreement, DG Fuels, LLC plans to establish a new SAF supply stream that could provide Delta with 385 million gallons of unblended sustainable aviation fuel, while helping to expand availability of SAF in the underserved marketplace. Theseinvestmentssupport the cost of running the programsand conserving more than half a million acres of forests while avoiding the release ofan average of5 million metric tons of carbon to the atmosphere per year. It was the only U.S. airline included in the 2021 S&P Global Sustainability Yearbook. However, the market remains nascent due to limited supply and high costs. Pleaseseewww.deloitte.com/us/aboutfor a detailed description ofDeloitteslegal structure. The market is so underdeveloped that allSAFproduced in 2020 would only power Deltas fleet for one daypre-COVID. The agreement is part of the airlines longstanding commitment to work with customers to reach collective goals for the greater good of our planet. In short, BCD helps their clients travel smart and achieve more. Read More: https://news.delta.com/delta-invests-tpg-rise-climate-accelerate-innovative-climate-solutions. Deltasvisioniszero-impactaviation:air travel that does not damage the environment directly or indirectly via greenhouse gas emissions, noise, waste generationor otherenvironmentalimpacts. Through this and other partnerships, Delta advocates for policy support and market incentives that will catalyze the burgeoning SAF industry, such as a feedstock and tech-neutral SAF-specific Blenders Tax Credit coupled with a robust SAF grant program.

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