Directional Aviation, a private aviation investment firm has announced making a financial investment in Alder Fuels to back the commercial scale-up of second-generation sustainable aviation fuel (SAF). As a part of the agreement, the companies will together pilot a pioneering blockchain-powered transparency tool to document the production life cycle and industry adoption of low-carbon SAF and Flexjet will become the first business aviation user of this SAF by with 12% of its annual fuel consumption from SAF by 2030
Speaking on the investment, Kenneth C. Ricci, Principal, Directional Aviation said: “Our investment in Alder Fuels and partnership on advancing the use of digital technology to document SAF use is an example of private aviation leading the way on sustainability commitments and identifying solutions to reduce carbon emissions that aid the entire aviation industry.”
Bryan Sherbacow, Chief Executive Officer and President of Alder Fuels said: “This partnership will demonstrate exactly how fuel is sourced, developed, and deployed from the sustainable biomass provider to the wingtip. We are thrilled to test and trial the technology against our offtake agreement with Flexjet and are incredibly grateful to Directional Aviation for their financial support and industry leadership.”
Flexjet Chief Executive Officer Michael Silvestro said: “The use of SAF produced with Alder’s cutting-edge green crude will help us achieve the goal of maintaining our leadership on aviation sustainability, and the transparency tool developed by Alder Fuels and 4AIR will serve as a real-world proof of concept.”
4AIR and Alder will align the use of blockchain technology tools to account for all the emission claims from the use of the SAF, generating the necessary records and transparency for compliance with regulatory frameworks, ESG standards, and other sustainability commitments.