TotalEnergies + Airbus ink a SAF partnership: Airbus and Total Energies have inked a partnership wherein TotalEnergies will supply Airbus with more than half of its needs in Europe for sustainable aviation fuel (SAF), according to a statement. TotalEnergies aims to produce some 1.5 mn tons of SAF per year by 2030, the release states. The partnership also includes the establishment of a research program working on the development of 100% sustainable fuels.

TotalEnergies and Airbus have a relationship: TotalEnergies has been supplying Airbus with SAF for its aircraft deliveries in Toulouse since 2016, the statement notes. It also provided SAF for a long-haul flight between Paris and Montreal in 2021 and the first A321neo flight using a 100% SAF last March.

REMEMBER- Emirates president Tim Clark flagged the need to scale up SAF production last month, arguing that the airline's ability to use SAF is capped by limited production capacity due to a lack of investments. Progress on SAF production is dependent on “science, the scalability and the investment” from governments and the private sector, he stated.

Indonesia includes coal power plants in a new green investment plan: Indonesia has created a new rulebook for green investments which, in a controversial move, includes coal power plants used in nickel processing, Reuters reports. The decision comes as part of a revision to a 2022 document outlining sustainable investments. It categorizes investment in three ways: green aligns with climate goals, amber supports the transition to a low-carbon economy, and red is harmful to the environment. Captive coal power plants are classified as amber.

The plants must meet certain criteria: Each plant must be built by 2031 and cease operations by 2050, the newswire writes. They must also reduce greenhouse gas (GHG) emissions by 35% compared to 2021 levels within 10 years of operation.

Climate activists are not happy: The decision from Indonesia's Financial Services Authority has faced criticism from green groups since it was first suggested last year. The growth of nickel processing facilities has spurred increased investment in remote captive power stations in the country. Despite global banks divesting from coal projects, Indonesian lenders persist in financing them due to their economic significance.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • US’s D.light + Chapel Hill Denham funding off-grid solar expansion in Nigeria: D.light, a company that provides transformational household products, and Nigerian investment firm Chapel Hill Denham have announced the closure of a USD 7.4 mn securitized financing facility to scale up D.light's affordable solar-powered products for low-income households in Nigeria. (Statement)
  • Mining giant Rio Tinto secures Australia’s largest renewables PPA: British-Australian mining firm Rio Tinto — the world’s second largest metals and mining corporation — has inked a power purchase agreement (PPA) to offtake 80% of power generated from Australian renewables firm Windlab’s planned 1.4 GW wind plant to power its Gladstone operations in Queensland, Australia. (Statement)
Tags: