IAG ANNOUNCES NEW E-SAF DEAL WITH INFINIUM AND REMAINS ON TRACK TO DELIVER 2030 TARGET [Yahoo! Finance]
INTL CONSL AIRLNS S/ADR (ICAGY)
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Source: Yahoo! Finance
e-SAF is expected to reduce lifecycle greenhouse gas emissions by approximately 90% compared to today's conventional jet fuel. (Source: PR Newswire) e-SAF is manufactured through a process that converts water, waste CO2 and renewable power into fuel. This new class of fuel is not encumbered by feedstock limitations, has a higher degree of emissions reduction versus conventional jet fuel and has a relatively low land and water-use footprint. (Source: PR Newswire) This deal supports the scale-up of e-SAF, which is key to reaching IAG's 10% 2030 SAF goal. IAG is also investing in new aircraft and implementing fuel efficiency initiatives, purchasing and investing in SAF and advancing carbon removals to reduce emissions from its operations. (Source: PR Newswire) The e-SAF will be produced at Infinium's Project Roadrunner facility, located in the United States in West Texas. Project Roadrunner is set to be the largest global producer of e-SAF once fully operational. (Source: PR Newsw
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