Masdar and Airbus sign agreement to support development and growth of global sustainable aviation fuel market

Abu DhabiUnited Arab Emirates, May 16, 2023 /PRNewswire/ — Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading clean energy companies, has signed an agreement with Airbus, Abu Dhabi’s largest aerospace company Europe and a global leader supporting the development and growth of the global Sustainable Aviation Fuel market.

The signing ceremony was held under the witness of Dr. Sultan Ahmed JaberMinister of Industry and Advanced Technology, Chairman Masdar and COP28 Airbus President Designate Guillaume Faury and Mohammad Jameel Al Ramahhi, CEO, Masdar.The agreement is governed by Mohammad Abdulkadir RamahhiChief Green Hydrogen Officer at Masdar and Mikael HouariPresident of Airbus Africa and middle East.

The agreement highlights areas of collaboration between the two companies, including sustainable aviation fuel (SAF), green hydrogen, direct air capture technology, and support for the development and implementation of “book and claim” solutions.

Direct air capture technology captures atmospheric CO2, which can be combined with hydrogen to produce synthetic SAF.Using SAF based on green hydrogen and direct air capture is estimated to reduce greenhouse gas emissions by up to 95% compared to conventional jet fuel, the global sustainable aviation fuel market is expected to grow by $14 billion According to Precedence Research, by 2032.

Mohammad Jameel Al RamahhiCEO, Masdar, “This MoU with Airbus further strengthens Masdar’s commitment to accelerate the reduction of global carbon emissions and lead global decarbonization efforts. We look forward to working closely with Airbus to support the development of the global sustainable aviation fuel market, And explore the adoption of creative low-carbon solutions that support net zero.”

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Mikael HouariPresident of Airbus Africa and middle Eastsaid: “Sustainable aviation fuel (SAF) is one of the best solutions for reducing the carbon footprint of the aviation industry, and this agreement will support its much-needed development and growth. At Airbus, we continue to lead the industry towards a more Drive innovation to support the goal of net zero carbon emissions by 2050 set by IATA, ATAG and ICAO.

He added: “We have a tradition of successful cooperation in the UAE, which has helped advance the country’s aerospace capabilities. This new agreement with Masdar marks another milestone in the partnership between Airbus and the UAE .”

Sustainable aviation fuel is a ready-to-use solution that can significantly reduce CO2 emissions from global air transport. It can be used as a direct fuel without modifying existing storage and refueling infrastructure, aircraft or engines. It is estimated that a global phase-in of this fuel will go a long way toward reducing air transport’s CO2 emissions and is key to a net-zero future for the global aviation industry.

Earlier this year, during Abu Dhabi Sustainability Week, Masdar also announced that a Masdar-led initiative focused on the production of sustainable aviation fuel (SAF) from green hydrogen is actively working with licensors to A new production pathway for certifying sustainable aviation fuel (SAF). Methanol.

Founded in 2006, Masdar is a clean energy powerhouse in the UAE, active in more than 40 countries around the world, and has invested in a series of renewable energy projects with a total installed capacity of approximately 20 gigawatts (GW).

About Masdar

Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy champion and one of the largest companies of its kind in the world, is committed to advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges . Founded in 2006, Masdar is now active in more than 40 countries, helping them achieve their clean energy goals and drive sustainable development. Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala) and Abu Dhabi National Energy Company (TAQA), and under this ownership, the company aims to own at least RM100 watts of renewable energy portfolio capacity (GW), and annual green hydrogen production capacity of 1 million tons by 2030.

For more information, please visit: http://www.masdar.ae and connect: facebook.com/masdar.ae and twitter.com/masdar

About Airbus

Airbus pioneers sustainable aerospace to build a safe and united world. The company is constantly innovating to deliver efficient, technologically advanced solutions in aerospace, defense and connected services. In commercial aircraft, Airbus provides modern and fuel-efficient passenger aircraft and related services. With disruptive technologies and clean fuel alternatives, Airbus is committed to working with global partners to bring zero-emission commercial aircraft to market by 2035. Airbus is also a leader in European defense and security and one of the world’s leading aerospace companies. In the field of helicopters, Airbus provides the most efficient civil and military rotorcraft solutions and services worldwide.

This information is provided by Daniel J. Edelman, Inc. on behalf of Masdar. More information from the Department of Justice, Washington DC.

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