Dr. Sultan Ahmed Al Jaber, UAE Minister of Business and Superior Expertise, Chairman of Masdar and COP28 President-Designate, was there on the signing together with Guillaume Faury, CEO of Airbus, and Mohamed Jameel Al Ramahi, CEO of Masdar.
Al Ramahi stated, “This MoU with Airbus amplifies Masdar’s dedication to accelerating the discount of world carbon emissions and pioneering worldwide efforts in the direction of decarbonisation.”
In accordance with Priority Analysis, the worldwide SAF market is anticipated to develop to over $14 billion by 2032. SAF is an instantly obtainable answer for lowering CO2 emissions in international air transportation. It may be used as a drop-in gas with out modifying present storage and refuelling infrastructure, plane, or engines.
Mikail Houari, President of Airbus Africa and Center East, stated, “We’ve got a legacy of profitable collaborations within the UAE that has contributed to advancing the nation’s aerospace sector capabilities. This settlement will assist advancing its (SAFs) much-needed improvement and development.”
Earlier this yr, Masdar introduced that its initiative specializing in inexperienced hydrogen to supply SAF is working with licensors to certify a brand new manufacturing pathway for SAF from methanol.
What are direct air seize applied sciences?
These allow capturing atmospheric carbon dioxide, which might, together with hydrogen, be used to supply artificial SAF. The usage of SAF primarily based on inexperienced hydrogen and direct air seize is estimated to scale back greenhouse gasoline emissions by as much as 95 per cent in comparison with typical jet gas.