Rolls-Royce profits boosted by airplane sales
30th July 2012
Lufthansa Group has partnered with HCS Group to produce Sustainable Aviation Fuel (SAF) in Speyer, Germany. Starting 2026, the HCG Group will supply the Lufthansa Group with SAF produced from its site in Speyer, operated by Haltermann Carless.
The HCS Group will initially produce 60,000 metric tons of SAF per year.
With this new initiative, the Lufthansa Group aims at supporting SAF ‘Made in Germany’ complying with Europe's Renewable Energy Directive - RED II.
Under this directive, member states of the European Union have specific national renewable energy targets whereby progress is measured every two years. The RED II section further defines a series of sustainability and greenhouse gas emission criteria that bioliquids used in transport must comply with to be counted towards the overall 14% target and to be eligible for financial support by public authorities.
By singing this LoI with HCS Group Lufthansa stands to gain on two main grounds, first the SAF manufacturing site is located near its Frankfurt Airport hub and secondly the deal underlines Lufthansa Group’s goal of ramping up SAF usage.