IATA announces plans to develop new platform the Sustainable Aviation Fuel Matchmaker
The International Air Transport Association (IATA) will launch the Sustainable Aviation Fuel (SAF) Matchmaker platform in early 2025. Announced at the World Sustainability Symposium, the platform aims to connect airlines with SAF suppliers, offering visibility into SAF availability, feedstock types, and compliance standards. IATA’s goal is to streamline SAF procurement, promoting global adoption and supporting the aviation sector’s net-zero emissions target by 2050.
The International Air Transport Association (IATA) has announced its intention to create a new platform called the Sustainable Aviation Fuel (SAF) Matchmaker, which aims to link airlines with suppliers of sustainable aviation fuel. This initiative was revealed at the World Sustainability Symposium (WSS) and is set to launch in the first quarter of 2025.
Marie Owens Thomsen, IATA’s Senior Vice President for Sustainability and Chief Economist, shared the platform’s vision: “Our goal is to establish a transparent, efficient, and accessible matchmaking platform that will facilitate the adoption of SAF as the aviation sector strives for net zero CO2 emissions by 2050. This platform will simplify the search for SAF suppliers for airlines, helping to enhance the market’s maturity and global reach through increased transparency.”
The SAF Matchmaker aims to tackle three key challenges:
1. Connectivity: The platform will enable SAF producers to list their available or anticipated SAF volumes, while airlines can indicate their interest in purchasing. However, actual transactions will be handled outside the platform.
2.Visibility: Users will have access to comprehensive information about available SAF, including production volumes, feedstock types, locations, technologies, emissions reductions, and compliance with regulatory frameworks like the Carbon Offsetting Reduction Scheme for International Aviation (CORSIA) and the European Union’s Renewable Energy Directive (EU RED).
3. Efficiency: By offering a centralized platform, the SAF Matchmaker seeks to streamline the procurement process, making it easier for airlines and suppliers to connect, while also providing valuable market insights based on user data.
Initially, the platform will focus on airlines and SAF suppliers, but IATA plans to broaden participation in the future to include governments and corporate buyers of SAF. The development of the SAF Matchmaker aligns with IATA’s ongoing efforts to advance sustainability within the aviation industry.
Source Link : https://bioenergytimes.com/iata-announces-plans-to-develop-new-platform-the-sustainable-aviation-fuel-matchmaker/
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