American Express Global Business Travel is teaming up with energy giant Shell and professional services company Accenture to create a new platform for purchasing sustainable aviation fuel.
The three companies have launched Avelia, which is a "book-and-claim" platform for sourcing SAF, which reduces carbon emissions from flights compared with traditional kerosene jet fuel.
Book-and-claim allows travelers to pay for SAF and claim the benefits, even if SAF is not available at their departure airport, with the fuel instead being fed into another aircraft in an airport where SAF is available.
Avelia aims to share the costs and benefits of SAF across the business travel sector by giving airlines access to the "buying capacity" of corporate customers who are willing to share the higher cost of purchasing SAF, which is currently four to five times higher than normal jet fuel.
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The platform, which uses blockchain-based technology, has been developed by Shell and Accenture, with the support of the Energy Web Foundation. Working with Amex GBT will allow Avelia to aggregate global business demand for SAF to help increase supply and use of the fuel.
"A truly viable route to decarbonizing air travel is now open for business. We're calling on all companies to join us and share the costs and benefits of SAF across the travel and aviation sectors," says Amex GBT CEO Paul Abbott in a statement. "Airlines will gain access to the buying capacity of businesses, drawing from Amex GBT's 19,000 customers around the world."
The pilot phase of the program aims to demonstrate the "credibility" of the book-and-claim model by using blockchain technology to account for and track the environmental benefits from using SAF for both the corporate client and the airline.
"SAF is a key enabler of decarbonisation in the aviation industry, and it’s available today. However, it's currently scarce and costs more than conventional jet fuel," Shell Aviation president Jan Toschka says in a statement. "Avelia will help trigger demand for SAF at scale, providing confidence to suppliers like us to further increase investment in production, and in turn helping to lower the price point for these fuels."
"Our vision for the Avelia platform is to bring together airlines, corporates, cargo players and SAF suppliers in a trusted ecosystem that no individual company could build or access on its own," Europe strategy lead for Accenture Rachel Barton adds. "Blockchain technology will be piloted to help ensure trust via data integrity, validate proof of ownership and enable transparent tracking of the environmental benefits of SAF for customers."
* This article originally appeared on BTN