The Sustainable Aviation Buyers Alliance (SABA) announced the largest ever collection of deals to purchase high-integrity SAF certificates (SAFc). Close to 20 companies have committed to a collective investment of nearly 50 million gallons (~150kt) of SAFc over five years, representing close to $200 million of investment in the SAF market.
As one of the four fuel providers chosen to supply SAF to meet the volumes of the agreement, SkyNRG will contribute to shaping the growing demand for low-emissions air transport solutions for companies around the world.
While the SABA-led transaction is a major milestone, it also exposed the significant work still required to fulfill global ambitions for the decarbonization of air travel.
SkyNRG is honored to be working alongside SABA, which has proven to be a critical player in lowering barriers to entry in the SAF world for corporates.
Read more about the agreement here.
What is SAFc?
SAFc is a term that refers to SAF certificates, which are the environmental attributes linked to the delivery of physical SAF. SAFc can be created both for Scope 1 and Scope 3 claims, and they provide credible evidence for SAF buyers to use in their reporting.
SkyNRG played a key role in developing the SAFc framework through its participation in the World Economic Forum’s Clean Skies for Tomorrow Working Group.
Book and Claim framework
The Book & Claim model is a common practice where a sustainability claim made by a company is separated from the physical flow of these goods.
This means that SAF is not physically transported and entered into the specific aircraft of the person covering the fuel premium. Instead, it goes into the fuel system at an airport close to the SAF production facility. The volume of SAF that is produced and entered into the hydrant system is tracked and verified, after which corresponding carbon emissions factors are calculated and allocated to the person/organizations that cover the premium.
