STOCK TITAN

Alaska Airlines and SkyNRG sign partnership to advance sustainable aviation fuel made from municipal solid waste

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary

Alaska Airlines has partnered with SkyNRG Americas to enhance investment in sustainable aviation fuel (SAF) through a memorandum of understanding (MOU). The initiative aims to reduce carbon emissions and improve SAF production viability in the Pacific Northwest. Under the MOU, initial focus will be on developing dedicated SAF facilities that utilize municipal solid waste and renewable energy. This collaboration continues Alaska's commitment to sustainability, having already implemented SAF since 2010. The partnership aims to drive policy changes and further advance the SAF industry.

Positive
  • Partnership with SkyNRG Americas to focus on sustainable aviation fuel production.
  • Commitment to reduce carbon emissions and environmental impact.
  • Existing history of SAF use since 2010 demonstrates company leadership in sustainability.
Negative
  • None.

SEATTLE, April 14, 2021 /PRNewswire/ -- Alaska Airlines and SkyNRG Americas today announced the signing of a memorandum of understanding (MOU) committing to increased investment in sustainable aviation fuel (SAF). The MOU builds on a long history of Alaska leadership advancing SAF and partners the airline with the global SAF pioneers at SkyNRG Americas.

"This is a critical next step in our long-term plan to reduce carbon emissions and our impact on the planet," said Diana Birkett Rakow, Alaska Airlines' vice president of public affairs and sustainability. "We have been working for more than a decade to advance SAF technology and viability, and we're excited to partner with SkyNRG's experienced team to advance truly sustainable production of SAF, develop supply in the Pacific Northwest, and engage partners for a commercially viable and scalable future for sustainable fuels."

"We are thrilled to collaborate with Alaska Airlines for the production of sustainable fuels," said John Plaza, CEO of SkyNRG Americas. "Alaska Airlines is already one of the most fuel-efficient airlines in the U.S., and an ideal partner not only to support SAF demand but also to help drive necessary policy changes that will encourage development of the SAF industry across the Pacific Northwest and the nation as a whole." 

Under the MOU, SkyNRG Americas will initially focus on the development of dedicated SAF production facilities to supply Western U.S. airports. These facilities will use commercially available technologies that enable the use of municipal solid waste and other waste-based inputs as feedstocks, as well as incorporating green hydrogen and renewable energy for minimizing carbon intensity. Beyond the focus of building out SAF production capacity, SkyNRG Americas and Alaska Airlines will continue to build awareness and understanding of SAF technologies, and advocate for public policies to accelerate the development of the SAF industry and infrastructure. 

This collaboration builds on the Alaska-Microsoft partnership announced in October 2020, aiming to use SAF to offset Microsoft employee travel between Seattle and San Francisco, San Jose and Los Angeles. 

About Sustainable Aviation Fuel

Aviation is one of the most challenging industries to decarbonize in the transportation sector. While there are exciting opportunities for innovation in electric and hybrid hydrogen-electric aircraft, especially for smaller and regional aircraft, medium and long-haul air travel will continue to require high-quality, low carbon liquid fuel supplies for many decades to come.

Sustainable Aviation Fuel is a low carbon replacement for fossil-based jet fuel that is certified to meet ASTM Standards for jet fuel safety. It is approved for use globally as a drop-in fuel with maximum blending levels of 50% with Jet A fuel. Alaska Airlines has been an early adopter of SAF beginning in 2010 with test flights and continuing use of regular SAF offtake at San Francisco International Airport today.

SAF can be produced using various renewable resources, but this collaboration is focused on SAF made from municipal solid waste (MSW) and other waste-based feedstock sources. With this strategy, SkyNRG's SAF will reduce greenhouse gas emissions by more than 80%, burn cleaner in jet engines, and reduce particulate matter by 90%. There are significant volumes of MSW available throughout the U.S that end up buried in landfills for decades. SkyNRG considers MSW and the associated waste streams that result from landfilling garbage as attractive feedstocks for the production of low carbon SAF. Of critical importance for Alaska and SkyNRG will be the continued work to maximize recycling and reduce waste streams before any conversion of MSW to SAF occurs.

SkyNRG Americas has a strong commitment to best practices in sustainability, including requiring all its production facilities to follow comprehensive and rigorous sustainability standards, such as the Roundtable of Sustainable Biomaterials (RSB). SkyNRG Americas will be consistently advised by experts from its independent Sustainability Board and will have its operations and projects certified by RSB.

About Alaska Airlines
Alaska Airlines and its regional partners serve more than 120 destinations across the United States and to Mexico, Canada and Costa Rica. The airline emphasizes Next-Level Care for its guests, along with providing low fares, award-winning customer service and sustainability efforts. On March 31, 2021, Alaska became the 14th member of oneworld. With the global alliance and Alaska Airlines' additional partners, guests can travel to more than 1,000 destinations on more than 20 airlines while earning and redeeming miles on flights to locations around the world.  Learn more about Alaska at newsroom.alaskaair.com and blog.alaskaair.com. Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).

About SkyNRG Americas
SkyNRG Americas is an industry-leading team of experts in the field of biofuels and aviation innovation. SkyNRG has been a leader of the Sustainable Aviation Fuel industry for the last 15+ years, with a collective focus on strategies to pioneer the clean energy revolution and transforms the aviation industry. SkyNRG takes a no-compromise approach to sustainability. Replacing fossil jet fuels with SAF is what SkyNRG aims for, guaranteeing social and environmental sustainability throughout the supply chain.  For more information, visit https://skynrgamericas.com/about-us/.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/alaska-airlines-and-skynrg-sign-partnership-to-advance-sustainable-aviation-fuel-made-from-municipal-solid-waste-301268473.html

SOURCE Alaska Airlines

FAQ

What is the recent partnership between Alaska Airlines and SkyNRG?

Alaska Airlines signed an MOU with SkyNRG Americas to boost investment in sustainable aviation fuel (SAF).

What is the goal of the Alaska Airlines and SkyNRG partnership?

The partnership aims to reduce carbon emissions and advance SAF production technology.

When was the MOU between Alaska Airlines and SkyNRG signed?

The MOU was signed on April 14, 2021.

How does sustainable aviation fuel (SAF) benefit Alaska Airlines?

SAF significantly reduces greenhouse gas emissions compared to traditional jet fuel.

What feedstocks will be used for SAF production under the Alaska-SkyNRG collaboration?

The production will primarily use municipal solid waste and other waste-based feedstocks.

Alaska Air Group, Inc.

NYSE:ALK

ALK Rankings

ALK Latest News

ALK Stock Data

8.26B
126.38M
0.46%
88.21%
7.02%
Airlines
Air Transportation, Scheduled
Link
United States of America
SEATTLE