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. It can leverage existing technology and infrastructure, such as fuel delivery pipelines, and work with current fleet models. 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. These risks and uncertainties include, but are not limited to, those described in our filings with the Securities and Exchange Commission, including in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020. Sustainable aviation fuel is produced from bio feedstocks that can reduce greenhouse gas lifecycle emissions significantly compared to conventional jet fuel. Read More: https://news.delta.com/chevron-delta-air-lines-and-google-announce-intent-measure-sustainable-aviation-fuel-emissions-data. Sustainable aviation fuel is produced from biofeedstocks that can reduce lifecycle carbon intensity significantly when compared to conventional jet fuel. Travel management companies, especially those as globally focused as BCD Travel, are noting the importance of traveling sustainably. 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 hasworkedwith leadersinside and outside the aviation sector toshapeitsplansand will announcemultiple partnershipsin the second quarter. As a company that connects people with opportunity, Delta recognizes its role in growing empathy, respect and care for the planet and the people within it. 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. Although these technologies arestill in the early stages ofdevelopmentandarenot expected to enter service anytime soon, Delta isevaluating partnershipstoaccelerate andsupport their advancement. Our goal is to decarbonize aviation. Sustainable aviation fuels can be made from soybean oil and a number of other feedstocks, including oilseeds, grease and waste fats, in conventional petroleum refineries. Here's what to know about SAF and why it's key to . We expect our path toward achievement of this ambitious climate goal to include fleet, sustainable aviation fuel, operational improvements and offsets. With the right policies and incentives in place, we can unlock a future where sustainable aviation fuel is a viable climate solution that benefits air travel and beyond.. Such statements are not guarantees or promised outcomes and should not be construed as such. Jet fuel is the No. 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). Deltas commitment to sustainability is about joining arms to create a better world as the industry works to reach its sustainability goals. 2022 is shaping up to be a pivotal year for our world, and that includes Delta and you. That includes10 million beginning in 2024 fromGevoand 60 million beginning in 2025 fromNorthwest Advanced Bio-Fuels, representinga projected1.7 percent ofDeltastotalannualfuelconsumption, adjusted for 2019 flying levels. Increased production will improve the economies of scale for these sustainable fuels, which made up less than 0.1 percent of the 96 . Now. These Delta investments provide the necessary financial stabilityforprojects to protect forests and their vast capacity to store carbon the original technology provided by nature, saidGeraldProlman, CEO of Everland LLC. It means investing in our future through direct action now. Delta Air Linesaudaciouscommitment to carbon neutralityfrom March 2020 onwardis coming tofruition withswift impact throughimmediateactionscoupled withlong-term investmentsto combat climate change. Delta continued building momentum in 2022 on its journey to connect people to a more sustainable future of flying. 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Delta was the No. Yet these newer, more efficient aircraft are needed to help the industry become more sustainable and meet net-zero emissions pledges. SAF is existing technology that is crucial for the industry to achieve its net-zero goals said Pam Fletcher, Deltas Chief Sustainability Officer. This partnership marks Deltas latest step in integrating its environmental, social and governance goals across its entire business strategy. Deltawill investin the acceleration ofthree promising advancementscriticaltoa cleaner future of commercial aviation. Americas Most Sustainable Companies by Barrons, Dow Jones Sustainability North America Index, Deltas deal with Gevo pushes SAF goal forward, Delta invests in TPG Rise Climate to accelerate innovative climate solutions, No one better connects the sky': Delta returns to CES, 10 ways Delta advanced the more sustainable future of flying in 2022. spotlighting how customersare gettinginvolved. Neither of these come with an easy solution and will take time and resources to drive real impact, which is why we must be transparent about the progress we make.. Delta has even started executing industry-leading. The global aviation industry is a hard-to-abate sector, meaning it is innately difficult to decarbonize. For instance, the company has replaced more than 200 older aircraft with new planes that are 25 percent more fuel efficient. To drive forward a new chapter for aviation, Delta is joining the Aviation Climate Taskforce (ACT) a new nonprofit founded to tackle eliminating carbon dioxide emissions in aviation. However, the market remains nascent due to limited supply and high costs. The blended sustainable aviation fuel is expected to be available for use by Delta starting in 2024. DALLAS, April 22, 2021 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today announced memoranda of understanding with two leading energy companies, Marathon Petroleum Corporation (NYSE: MPC), and Phillips 66 (NYSE: PSX), intended to facilitate the development and production of commercialized sustainable aviation fuel (SAF). Read More: https://news.delta.com/delta-leaders-reflect-accelerating-airlines-sustainability-goals. Deltas 2021 Environmental, Social and Governance (ESG) Report, opens in a new window offers the latest data and insight into the companys efforts to advance its purpose of connecting people with opportunity while expanding the understanding of the planet and with the people within it. The new agreement reflects Deltas dedication to driving the growth of sustainable fuels as it works toward reducing aviation's carbon emissions over the long term. 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. As Delta invests in future technologies, carbonoffsetsareaviable, proven and immediateway tomake an impacttoday, saidDeltasSue Kolloru, V.P. Aemetis, Inc. | Aemetis Signs Offtake Agreement with Delta Air Lines for 250 Million Gallons of Sustainable Aviation Fuel Aemetis, Inc. is an industrial biotechnology company producing renewable chemicals and fuels using patented microbes and processes. Delta is also investing in new, more fuel-efficient aircraft to optimize the use of jet fuel. Jan. 26, 2023. Sustainable aviation fuel (SAF) is a carbon-reduction solution that is available for use in aircraft and helicopters operating today. Pleaseseewww.deloitte.com/us/aboutfor a detailed description ofDeloitteslegal structure. 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. This is just the beginning. This partnership is one way Delta is engaging major stakeholders driving toward their own goals of carbon neutral air travel, so we can make a real and lasting sustainable impact.. It's produced from sustainable feedstocks and is very similar in its chemistry to traditional fossil jet fuel. "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." To ensure all stakeholders see the results of their engagement, the company is making transparency the cornerstone of its approachwhich it intends todemonstratethroughbest-in-class reporting, collaboration across industries and fund management. The agreement is part of the airlines longstanding commitment to work with customers to reach collective goals for the greater good of our planet. "While Delta continues to take actions toward our long-term goal of reducing carbon . Sustainable aviation fuel (SAF) has been . SAF production creates good-paying jobs in manufacturing, improves the environmental quality for all, and fosters rural economic opportunity for feedstocks and pathways, said Patrick R. Gruber, Ph.D, Gevos Chief Executive Officer. In the short term,Deltaintends to achievecarbonneutralitybydirectlyreducing emissionsthroughfleet and operational efficienciesandaddressingremainingemissions throughcarbon offsetprojectinvestmentsthat maintain,protectandexpand forests. As Delta works to solve its largest impact on the environmentcarbon dioxide emissionsitplans toinvest ininnovativesolutions, likecarbon capture and storage andsustainable aviation fuels(SAF). *Non-CO2e effects which may also contribute to aviation induced warming are not included in this target. Delta Air Lines is driving forward a new chapter of sustainable aviation by investing through its pension plans in TPG Rise Climate, a multibillion-dollar impact investing fund focused on supporting climate solutions at scale. From being the first and only U.S. airline to voluntarily cap greenhouse gas emissions at 2012 levels to last years commitment to be the first carbon-neutral airline globally, Delta has a longstanding commitment to sustainable air travel. Many of these projects are REDD+ (Reducing Emissions from Deforestation and forest Degradation) projects backed by a United Nations framework that aims to curb climate change. No one person or company or country alone can make the impact necessary to put our planet on a sustainable track for the future. Jan. 30, 2023. 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. It was the only U.S. airline included in the 2021 S&P Global Sustainability Yearbook. Americas Most Sustainable Companies by Barrons, Dow Jones Sustainability North America Index, No one better connects the sky': Delta returns to CES, Delta invests in TPG Rise Climate to accelerate innovative climate solutions, Deltas deal with Gevo pushes SAF goal forward, 10 ways Delta advanced the more sustainable future of flying in 2022, Delta CEO Ed Bastian invites business leaders to join OneTen coalition. 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. * Science Based Targets initiative is a coalition that defines and promotes emissions reductions goals that climate scientists predict is needed to keep global warming to well below 2 degrees Celsius. 1 contributor to Deltas carbon footprint and the chief focus of our efforts to reduce our emissions and manage our environmental impact. SAF is blended with conventional jet fuel to reduce overall emissions while meeting FAA regulations. Delta was the No. 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. Learn how Deloittes more than 330,000 people worldwide connect for impact at www.deloitte.com. For more information, visit Delta.com/sustainability. Uniting across industriestocreate amore sustainablefutureis imperative. Using sustainable aviation fuel won't significantly reduce greenhouse gas emissions. Sustainable Aviation Fuels The Port of Seattle became the first United States airport operator to set a specific timetable and goals for transitioning all airlines at SEA to commercially competitive sustainable aviation fuels. Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of the date of this release, and which we undertake no obligation to update except to the extent required by law. Please see www.deloitte.com/aboutto learn more about our global network of member firms. The collaboration with BCD Travel continues to underscore the significant positive environmental impact that can be achieved through collaboration. More than 50 airlines, oil companies and other companies, including Delta, BP and Boeing, pledged on Wednesday to replace 10% of global jet fuel supply with sustainable aviation fuel (SAF) by 2030. 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. On behalf of the entire team at Gevo, I want to congratulate our partners at Delta for their leadership in continuously pushing the aviation industry towards net-zero emissions. By using SAF, the agreement represents a lifecycle emissions reduction of approximately 1,000 metric tons of carbon dioxide, equivalent to carbon sequestered by 1,306 acres of U.S. forests or 756 football fields in one year. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the Deloitte name in the United States and their respective affiliates. Read More: https://news.delta.com/delta-invests-tpg-rise-climate-accelerate-innovative-climate-solutions. Delta and Deloitte are one step closer to sustainable business travel, thanks to a sustainable aviation fuel (SAF) agreement covering a portion of Deloittes business travel. We focus on building our fleet to have the longest, most sustainable life possible to make the most of our planets resources. Read More: https://news.delta.com/update-our-path-net-zero. According to the carrier, "United is years ahead of all US airlines in using and investing in sustainable aviation fuel." In fact, the airline says that the supply agreements it has for this type of fuel represent more than half of the commercial aviation industry's total agreements. The tech, says Velocys, will reduce greenhouse gas emissions by 70% for every metric ton of sustainable jet fuel . All Delta Sky Clubs use eco-friendly packaging for to-go foods. Technological innovation, partnerships and coalitions will be required to help us achieve this goal. Delta Air Lines is driving forward a new chapter of sustainable aviation by investing through its pension plans in TPG Rise Climate, a multibillion-dollar impact investing fund focused on supporting climate solutions at scale. Dozens of aviation and energy companies - including Delta, American Airlines and BP - recently committed to replace 10% of global jet fuel with SAF by 2030. Read More: https://news.delta.com/delta-welcome-chief-sustainability-officer. "Sustainable aviation fuels represent the most meaningful solution currently available to reduce climate impact for the "hard-to-decarbonize" aviation industry" - Sara Bogdan, Head of Sustainability and ESG for JetBlue. Delta was the No. Today, there is only enough SAF available on the market to support one day of Deltas operations at pre-pandemic levels. We use compostable stirrers onboard and removed wrappers from cutlery and amenity kits, eliminating 30K lbs. To request prior reports, a CRR prior to 2018, please contact sustainability@delta.com. 1 airline named among America's Most Sustainable Companies by Barron's in 2020. NREL develops and helps deploy sustainable aviation solutions that can be scaled globallyfrom net-zero-carbon energy sources to infrastructure optimization and aircraft propulsion technologies. The low-emission jet fuel will power a Delta Air Lines flight, marking a seminal moment in the ongoing development and distribution of SAF in the U.S. On a United flight today from Chicago to Washington, D.C., for the first time ever with passengers aboard, one engine will be filled with 100% sustainable aviation fuel instead of fossil fuels. of waste annually. The market is so underdeveloped that allSAFproduced in 2020 would only power Deltas fleet for one daypre-COVID. 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. The agreement is part of the airlines longstanding commitment to work with customers to reach collective goals for the greater good of our planet. Collaborations like this, between Delta and Deloitte, further support SAF development and represent the growing demand for innovations in clean fuel technologies. Read More: https://news.delta.com/delta-joins-first-movers-coalition-drive-breakthrough-technologies-and-sustainable-fuels. "When Delta committed to being carbon neutral, we also committed to continued. Sustainable aviation fuels provide significant environmental benefits because the lifecycle carbon footprint can be up to 75 percent less than conventional jet fuel. The low-carbon and high . To do this means more sustainable fuel, better efficiency, and new technology. Our offsetprojectsare making ameasurableand meaningfuldifference byprotectingforests,conservingwildlife andhelpingcommunities developaround the world.. From welcoming a new CSO and developing innovative partnerships, to advancing sustainable aviation fuel markets and further reducing single-use plastics onboard, work across the global carrier in 2022 has set Delta . Commitment to Transparency This partnership significantly increases Delta's access to sustainable aviation fuel while expanding the alternative fuel market. Read More: https://news.delta.com/new-campaign-shines-light-deltas-carbon-neutrality. 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.
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