{"id":73765,"date":"2023-09-27T00:00:00","date_gmt":"2023-09-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/09\/27\/dhl-partners-with-german-firm-on-safs-alibaba-plans-to-list-logistics-unit-on-hong-kong-stock-exchange-plus-azerbaijan-turkey-eye-land-corridor-via-armenia\/"},"modified":"2023-09-27T00:00:00","modified_gmt":"2023-09-27T00:00:00","slug":"dhl-partners-with-german-firm-on-safs-alibaba-plans-to-list-logistics-unit-on-hong-kong-stock-exchange-plus-azerbaijan-turkey-eye-land-corridor-via-armenia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/09\/27\/dhl-partners-with-german-firm-on-safs-alibaba-plans-to-list-logistics-unit-on-hong-kong-stock-exchange-plus-azerbaijan-turkey-eye-land-corridor-via-armenia\/","title":{"rendered":"DHL partners with German firm on SAFs + Alibaba plans to list logistics unit on Hong Kong Stock Exchange. PLUS: Azerbaijan, Turkey eye land corridor via Armenia"},"content":{"rendered":"

DHL and Sasol partner up with Germany\u2019s HH2E on SAF production: <\/strong> German logistics firm DHL and South Africa\u2019s Sasol \u2014 the world\u2019s largest producer of fuels and chemicals from coal and gas \u2014 have entered an agreement with Berlin-based clean energy supplier HH2E<\/a> to expand the production of sustainable aviation fuels (SAF) in Germany, according to a company statement<\/a>. Under a new JV, the three companies will capitalize on green hydrogen production in the country to generate up to 200k tons of SAF annually from a planned production plant in the eastern part of the country, with plans to later expand volumes up to 500k tons per year. <\/p>\n

French Aerospace company Airbus \u2014 which <\/strong>is already partnering<\/a><\/strong> with UAE renewables giant Masdar on SAF production \u2014 also intends to join the consortium <\/strong> to use the jet fuel in a bid to meet EU climate targets mandating that 2% of fuel available at EU airports be sourced from SAF in 2025, and 70% by 2050<\/a>. Meanwhile, Sasol, which has set a target to slash its emissions by 30% by 2030, signed an agreement<\/a> with Danish decarbonization company Topsoe in June to set up another SAF JV also relying on green hydrogen.<\/p>\n

\n

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Chinese <\/strong> e-commerce <\/strong> gian <\/strong> t <\/strong>Alibaba<\/a><\/strong> is planning to list its Hong Kong logistics arm <\/strong>Cainiao<\/a><\/strong> on the Hong Kong Stock Exchange <\/strong>as part of a plan to restructure and split itself into six units, Reuters<\/a> reports. The company has submitted an application to list Cainiao, but the size of the offering and financial terms have not been finalized, the outlet writes, noting only that Alibaba \u2014 which currently owns a 69.54% stake \u2014 will retain more than 50% of the Cainiao shares. Cainiao has been eyeing an IPO since early May, where Reuters<\/a> reported at the time that the logistics arm aimed to raise between USD 1-2 bn.<\/p>\n

Azerbaijan + Turkey eye land corridor through Armenia: <\/strong> Azerbaijan\u2019s President Ilham Aliyev and Turkish President Recep Tayyip Erdogan have discussed the prospects of creating a land corridor between their countries via Armenia, Reuters<\/a> reports. The corridor could be situated in Azerbaijan\u2019s autonomous Nakhchivan area located in between Armenia, Turkey, and Iran, the outlet writes, though with one caveat: Armenia opposes the corridor. Aliyev previously discussed creating the corridor back in 2021, according to Reuters. The two presidents\u2019 visit comes soon after Azerbaijani forces entered into Nagorno-Karabakh to retake control over the region.<\/p>\n","protected":false},"excerpt":{"rendered":"

DHL and Sasol partner up with Germany\u2019s HH2E on SAF production: German logistics firm DHL and South Africa\u2019s Sasol \u2014 the world\u2019s largest producer of fuels and chemicals from coal and gas \u2014 have entered an agreement with Berlin-based clean energy supplier HH2E to expand the production of sustainable aviation fuels (SAF) in Germany, according […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,145,17,604,390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-73765","post","type-post","status-publish","format-standard","hentry","category-around-the-world","tag-around-the-world","tag-aviation","tag-enterprise-logistics","tag-fuel","tag-renewable-energy","wpautop","entry"],"acf":{"mongo_id":"3b2bf71c-13f7-4279-9caf-729cc8ca59fe","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/1571.jpg,https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7112003187384950784\/","photo_position":"above","homepage_title":"","full_issue_title":"DHL partners with German firm on SAFs + Alibaba plans to list logistics unit on Hong Kong Stock Exchange. 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