News: QAN Qantas Fuels Decarbonisation Plans With New Corporate Program

Nov 11 (Reuters) - Qantas Airways (QAN) :

• FUELS DECARBONISATION PLANS WITH NEW CORPORATE PROGRAM
• HAS JOINED FORCES WITH FIVE LARGE COMPANIES IN AUSTRALIA
• HAS JOINED FORCES WITH FIVE LARGE COMPANIES IN AUSTRALIA TO SHOW THE DEMAND THAT EXISTS FOR A LOCAL SUSTAINABLE AVIATION FUEL (SAF) INDUSTRY
• COALITION WILL INITIALLY CONTRIBUTE TO INCREMENTAL COST OF UP TO 10 MILLION LITRES OF SAF SOURCED BY QANTAS AT LONDON’S HEATHROW AIRPORT,
• THE NATIONAL CARRIER LAUNCHED THE SUSTAINABLE AVIATION FUEL COALITION
• LAUNCHED SAF COALITION PROGRAM WITH AUSTRALIA POST, BOSTON CONSULTING, KPMG AUSTRALIA, MACQUARIE GROUP & WOODSIDE ENERGY SIGNING AS FOUNDATION MEMBERS
• MEMBERS TO PAY A PREMIUM TO REDUCE AROUND 900 TONNES OF THEIR AIR CARBON EMISSIONS EACH YEAR
• COALITION WILL INITIALLY CONTRIBUTE FROM 2025 TO FURTHER 20 MILLION LITRES EACH YEAR SOURCED OUT OF LOS ANGELES AND SAN FRANCISCO
• WILL CONTINUE DISCUSSIONS WITH A NUMBER OF OTHER COMPANIES LOOKING TO JOIN THE COALITION
• CURRENTLY IN NEGOTIATIONS WITH A NUMBER OF OFFSHORE SUPPLIERS TO SOURCE ADDITIONAL SUPPLIES OF SAF
• QANTAS COMMITTED TO USING 10 PER CENT SAF IN ITS OVERALL FUEL MIX BY 2030 AND APPROXIMATELY 60 PER CENT BY 2050
• WILL CONTINUE DISCUSSIONS WITH A NUMBER OF OTHER COMPANIES LOOKING TO JOIN THE COALITION

(([email protected];))