In this episode, Oscar had the pleasure of speaking with Binyam Raja, Global Practice Manager for Transport, World Bank.

The conversation focused on a crucial aspect of the SAF industry: promoting production in non-OECD countries and expanding the global network of SAF production. Binyam shared valuable insights on the World Bank's efforts to support developing economies in participating in the SAF value chain, highlighting the economic and environmental benefits this could bring.

We explored several key topics, including:

1. The World Bank's role in conducting feasibility studies and techno-economic analyses in countries like Kenya, South Africa, Nigeria, and Ethiopia.
2. The World Bank's efforts to integrate the climate agenda into developing countries' transport sectors
3. The importance of blended finance and risk-sharing mechanisms to attract private investment.
4. Regional approaches to aggregating demand and harmonizing policies.
5. The potential for SAF production to contribute to rural development and sustainable agriculture (including the potential of cacti as a feedstock in the Arid Sahel region) 
   • Balancing SAF production with food security concerns
   • Potential for SAF to improve agricultural productivity and contribute to reforestation efforts

Binyam also discussed the World Bank's efforts to create partnerships between various stakeholders, including governments, private sector entities, and other multilateral development banks, to accelerate SAF adoption in developing countries. 

This episode offers a comprehensive look at the global potential for SAF production and the steps being taken to make it a reality in emerging markets. If you are interested in risk mitigation strategies in Non-OECD countries, the importance of demand aggregation and how SAF can be a regenerative source for both the land and emerging economies.

If you enjoyed this episode, make sure you check out our previous one with Frank Schreurs, GAFT: https://www.buzzsprout.com/2202964/15507196

In this episode of the SAF Podcast, Oscar chats with Frank Schreurs, co-founder of GAFT, about the innovative approaches his company is taking to revolutionize sustainable aviation fuel (SAF). Joining us from his holiday in Sweden, Frank provides a detailed look into GAFT's mission and the challenges the aviation fuel industry faces.

Frank's career spans over two decades in the energy sector, including significant experience in oil trading, M&A, and biodiesel production. This rich background set the stage for his entrepreneurial journey into sustainable fuels. GAFT, originally a CO2 utilization company, evolved into a pioneering firm addressing the critical issue of feedstock shortages for SAF production. Frank explains how GAFT utilizes second-generation sugars, crude glycerin, and advanced electrolysis processes to create local, sustainable feedstocks from CO2 and electricity turning them into valuable lipid feedstocks for HEFA SAF production.

Frank explains GAFT's strategy to license their technology to Biofuel producers so they can upscale their crude glycerin bi-product, whilst also pursuing their own first of a kind facility to produce their lipid feedstock.

A significant portion of the discussion focuses on the challenges of securing reliable and sustainable feedstock supplies. With Europe importing a majority of its used cooking oil from Asia, Frank highlights the inherent issues of dependence on external sources and potential sustainability fraud. GAFT's innovative technology aims to mitigate these risks by producing feedstocks locally, ensuring a more stable and transparent supply chain and producing feedstock that can be put straight into existing refining infrastructure.

Frank also shares insights into the investment landscape, acknowledging the hurdles but expressing optimism due to strategic interest from both financial and technology sectors. They have so far been backed by the EIC and are currently working on the series A which can find the FOAK facility and expand the team.

This episode is a must-listen for those concerned about the Used Cooking Oil importation situation and this could provide another solution to scaling the HEFA pathway and de-coupling it from Asian feedstock importation.

If you enjoyed this episode, catch our recent discussion with Mukund Karanjikar, CleanJoule: https://www.buzzsprout.com/2202964/15427620

On this week's episode you get not one, but two Oscars as Oskar Meijerink, SkyNRG  to discuss the transition from procurement to production with Oscar on The SAF Podcast.

Oskar has been with SkyNRG since he left university where he wrote a dissertation on project finance for Sustainable Aviation Fuels. He has since been working on the project side, being kept busy with a HEFA project being developed in Delfzijl, Biomass Fischer-Tropsch facility in the Pacific northwest and their eSAF facility under development in Amsterdam.

Oskar shares the progress of each location, why they are working across pathways, the process of choosing where to place SAF refineries and what feedstocks to use. All of these decisions are critical if projects are to get to Final Investment Decision. This is something we explore in detail as we explore the challenges of finding investment and what building blocks need to be put in place to best position projects to receive favourable investment decisions. We also touch on the recent Topco investment by Macquarie Asset Management and how encouraging this is for inevestor sentiment on the companies overall strategy.

We end the episode by reflecting on the demand side of the market and how SkyNRG's history in this with their Fly on SAF solution and how critical a component understanding of market demand is when considering SAF production.  Having already helped over 40 airlines reach sustainability goals, as well as corporate customers, travel companies and airline customers decarbonise their air travel, Oskar highlights why the understanding of the demand environment drove them towards getting involved on the supply side.

This is a fantastic episode that gets into the real detail of building SAF projects and the opportunities and challenges that they present.

If you liked this episode, listen to our recent podcast with Mihir Dange, XCF Global Capital and Wray Thorn, Focus Impact Partners, to find out what the investor and producer dynamic is like in the everyday https://www.buzzsprout.com/2202964/14904940

Host and Producer: Oscar Henderson, SAF Investor

This week Mihir Dange from XCF Global Capital and Wray Thorn from Focus Impact Partners join Oscar on The SAF Podcast to discuss their recent merger and expecting public offering later this year.

 Mihir's storied past, shaping programmes for yellow taxi medallion drivers to his latest venture into sustainable aviation fuel with XCF, intersects with Wray's fervent support for socially progressive companies through Focus Impact Partners. 

The discussion meanders from how Mihir and Wray first connected to what their daily working relationship look like now as they work towards listing later in the year. We also delve into XCF's business model and how they can be so confident of their aggressive growth plan with their modular approach and four facilities being developed. We look at the importance of long term supply certainty and the other factors that are critical for receiving investment.

Make sure you stay tuned to the end to find out what advice they would both give to investors looking to invest in the SAF industry and producers looking for investment.

This is a fantastic opportunity to hear from both a producer and an investor about the fulcra on which production and investment decisions hinge.

If you enjoyed this episode, check out our recent discussion with the Renewable Transport Fuel Association looking at the policy landscape in the UK and the role Revenue Certainty Mechanisms have to play: https://www.buzzsprout.com/2202964/14826429-the-saf-podcast-supporting-production-through-revenue-certainty-mechanisms.mp3?download=true

Host & Producer: Oscar Henderson, SAF Investor

This week on The SAF Podcast, Gaynor Hartnell and Tom Reid from the Renewable Transport Fuel Association (RTFA) discuss the UK Sustainable Aviation Fuel policy landscape with Oscar Henderson. They bring to the table a wealth of knowledge, leading us through the intricate world of renewable fuel revenue certainty mechanisms. With imminent announcement on the UK Sustainable Aviation Fuel (SAF) mandate, these two experts dissect how these policies are critical to fuel supply and market dynamics.

We dive into how revenue certainty mechanisms work, the importance of providing stability without infringing on natural market dynamics and how Contracts for Difference (CFDs) in the renewable energy markets have set the platform for long standing certainty and longevity when CFDs are enacted in the Sustainable Aviation Fuel sector.

As the industry stands on the precipice of significant government decisions, our guests unravel the complexities of the SAF market, examining the challenges and opportunities that lie ahead. They break down the urgency of transitional support, emphasizing the need for adaptable and forward-thinking policies.

This is a fascinating conversation with two long standing industry experts, so if you enjoyed this conversation. We are going to be having Gaynor and Tom back on the Podcast when the UK government have have made their policy announcement, breaking down all the details and getting some great insight how domestic SAF production can be accelerated. 

So make sure you keep and eye out for the follow up episode coming soon.

If you like this episode, you should try our discussion with Natasha Mann, Future Energy Global here: https://www.buzzsprout.com/2202964/14508344

Host & Producer: Oscar Henderson, SAF Investor

On this week's episode of The SAF Podcast, we are going to share a full discussion that occurred at SAF Investor London looking into "Finding Project Finance". Al Whyte, moderated a panel including; Wray Thorn, Focus Impact Partners, Andrew Eckhardt, Cranmore Partners, James Falzon, European Bank for Reconstruction and Development, Martin Forman, Sumitomo Mitsui Banking Corporation and Kevin Bogenreif, Summit Next Gen, all share their thoughts on the challenges of financing Sustainable Aviation Fuel (SAF) projects. 

Our experts delve into the critical aspects of price discovery, feedstock costs, and the necessity for robust commercial structures. With technology as a cornerstone in SAF production and regulatory frameworks steering the market, we highlight how these factors shape investor interest and confidence in green initiatives.

Finally, we explore the landscape of financing emerging technologies and the strategies to navigate this terrain. From small commercial plants acting as stepping stones to full-scale ventures, we examine how credit officers gain confidence in new tech and the critical role of government support programs. Our panel reflects on the exciting opportunities and potential roadblocks, emphasizing that well-structured projects with predictable revenue streams are the keys to unlocking funding and driving sustainable projects to fruition. 

Hope for all those not able to come to London you enjoy this fantastic discussion. 

Moderator: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

This week on The SAF Podcast, Oscar is delighted to be joined by Oliver Booth from Sightline Climate. The conversation reveals the layers of complexity in defining climate tech and exploring the nature of the climate capital stack, and how it relates to Sustainable Aviation Fuel.

The episode begins with Oliver giving a great summary of the findings of their 2023 end of year report for private investments and what this means for SAF producers trying to find investment. As the discussion continues , we draw critical connections between the past clean tech boom and today's investor discernment, which now favours high-impact and sensibly-valued companies. Plus, Oliver spotlights the unique strategies and partnerships crucial to scaling renewable hydrogen production—a key component in the quest for eco-friendly skies.

Our discussion takes a global turn as we evaluate energy market trends from Asia's HEFA advancements to Africa's potential for technological leaps, similar to its rapid adoption of mobile technology. Oliver's expertise provides a hopeful outlook for the resilience of private investments in green tech, despite market unpredictability. By the end of our conversation, it's clear: the fusion of financial acumen and environmental responsibility is the roadmap for fuelling a sustainable future in the skies and beyond.

You can find the Sightline Climate End of Year report here: https://www.ctvc.co/32bn-and-30-drop-as-market-hits-pause-in-2023/

If you enjoyed this discussion, check out our previous episode with Jim Lockheed, JetBlue Ventures here: https://www.buzzsprout.com/2202964/14019163

Host: Oscar Henderson, SAF Investor 

In this episode the SAF Investor team of Alasdair Whyte, Fayaz Hussain and Oscar Henderson give you a quick round up and review of last week's first SAF Investor London conference.

A diverse gathering of producers, investors, customers and many other companies integral to the industry's development gathered to discuss the major issues the industry faces in scaling production.

We discuss our highlight moments from the conference, key takeaways that we have, our favourite discussions as well as what surprised us. This is a great snapshot of what happened over the two days as the industry continues to strive to activate capital to scale production. We also go over the first SAF Investor Awards, which were given to companies making ground breaking and industry leading investments and deals pushing SAF development on.

You can find the session videos from the conference on our website. https://www.safinvestor.com/144526/saf-investor-london-2024-presentations/

It is safe to say SAF Investor London will be back next year...maybe sooner than that, so watch this space.

If you would like to feature on an upcoming episode of the podcast, we would love to hear from you, reach out to oscar@corporatejetinvestor.com

Hosts: Alasdair Whyte, Fayaz Hussain and Oscar Henderson, SAF Investor
Producer: Oscar Henderson, SAF Investor

This episode Oscar sits down with Wendy Owens of Hexas Biomass. Wendy, a trailblazer with a captivating career journey, unveils the potential of Xanograss and the Xanofiber it creates which can be used for sustainable construction and as a biofuel feedstock. Her insights offer a flight path into how non-food, second-generation bioenergy crops could revolutionise the SAF supply chain and fulfill the soaring global energy demands.

Wendy articulates the significance of maximising every part of the Xanograss to enhance cost efficiency in SAF production, exploring Wendy's mantra of 'using the whole buffalo' in biomass optimisation. Our conversation navigates through the strategic partnerships Hexas is cultivating with growers, ensuring their profitability and the sustainability of local economies. We spotlight the local nature of biomass production, ensuring that the Xanograss doesn't roam far from home—preferably within 60 miles of its utilisation, encompassing partnerships spanning the U.S. and Europe.

We then address the rewilded lands and the burgeoning bioeconomy Xanograss can help sustain. Wendy shares her vision for regenerating lands degraded by exploitation, where the cultivation of bioenergy crops can reinvigorate ecosystems and revitalise the local economies of Southeast Asia and northern Africa. By rewilding marginalised spaces and creating localized SAF production hubs, we spotlight a future where environmental restoration aligns seamlessly with economic growth and global energy transition.

If you enjoyed this episode, why not try our discussion with Natasha Mann, Future Energy Global: https://www.buzzsprout.com/2202964/14508344

SAF Investor London

This conference serves as a nexus for innovators, customers, financiers, regulators, suppliers, and advisors, forging partnerships that will drive change. SAF Investor London 2024 isn't a conference for debating the merits of SAF; it's about convening the dealmakers who can effect real transformation.

Join over 200 leaders in the SAF Industry for two days of stimulating debates, discussions and plenty of networking.

You can find out more about SAF Investor and our conference in London here: https://www.safinvestor.com/

Host & Producer: Oscar Henderson, SAF Investor

With SAF being the only current solution to decarbonising air travel on existing aircraft, should the owners of around half the global fleet, the aircraft lessors, be putting more skin in the game?

This is a large component to this week's episode where Al spoke to Natasha Mann, CEO, Future Energy Global.

Natasha launched Future Energy Global in early 2024, but she has a long history in the aviation after experience with Fairchild Dornier and Airbus as well as her time in aircraft leasing at GECAS.

Now Natasha is focusing on the Sustainable Aviation Fuel industry by creating  a pre-purchasing system which aims to simultaneously reduce the cost of capital for the producer, increase airline access to SAF and make aircraft lessor portfolios more green inline with the aggressive ESG requirements of their underlying Institutional Investors.

Natasha gives a great explanation as to why lessors should be more involved in the SAF space and how Future Energy Global plans to bring capital in to SAF production whilst also lowering the cost of SAF for the consumer.

If you liked this episode, check out our previous discussion with Nicole Sautter, American Express Global Business Travel: https://www.buzzsprout.com/2202964/14463484

SAF Investor London

This conference serves as a nexus for innovators, customers, financiers, regulators, suppliers, and advisors, forging partnerships that will drive change. SAF Investor London 2024 isn't a conference for debating the merits of SAF; it's about convening the dealmakers who can effect real transformation.

Join over 200 leaders in the SAF Industry for two days of stimulating debates, discussions and plenty of networking.

You can find out more about SAF Investor and our conference in London here: https://www.safinvestor.com/

Host: Al Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

This latest episode of The SAF Podcast Oscar is joined by Nicole Sautter, Director of Global Sustainability, American Express Global Business Travel (AMEX GBT).

Corporate customers have a strong role to play in signalling ongoing demand for Sustainable Aviation Fuel. We discuss why AMEX GBT got involved in SAF. They have also been integral in setting up the blockchain backed book and claim system, Avelia, to help both grow the access to SAF and ensure it is sourced and claimed accurately. This has been set up alongside investment into United Airline Ventures Sustainable Flight Fund to help the development of new refining technologies.

We discuss all this and whether Nicole thinks business/corporate travellers or mandates are more important to developing the future of SAF than mandates.

Nicole is very optimistic about the future role of SAF in Business travel and this conversation highlights how AMEX GBT are really leading the way in making business travel sustainable.

If you enjoy this episode check out our other discussion with Austin Willis, Willis Lease Finance Corporation here: https://www.buzzsprout.com/2202964/14367471

SAF Investor London

This conference serves as a nexus for innovators, customers, financiers, regulators, suppliers, and advisors, forging partnerships that will drive change. SAF Investor London 2024 isn't a conference for debating the merits of SAF; it's about convening the dealmakers who can effect real transformation.

Join over 200 leaders in the SAF Industry for two days of stimulating debates, discussions and plenty of networking.

You can find out more about SAF Investor and our conference in London here: https://www.safinvestor.com/

Host: Oscar Henderson, SAF Investor

This week Al sat down with Austin Willis, CEO, Willis Lease Finance Corporation to discuss their diversification into Sustainable Aviation Fuel production. The conversation unpacks the transformative journey of Willis Lease, from its roots leasing engines to a broad-spectrum powerhouse, and shines a spotlight on their pioneering endeavour to produce sustainable aviation fuel in Teesside, UK. With a blueprint for a greener horizon, Willis Lease is charting a course for 2026, aiming to power the skies with synthetic fuels.

This episode is  a realistic look at the hurdles and headwinds the aviation industry faces as we transition into sustainable practices. Austin Willis gives us a technician's tour into the intricate world of Power-to-Liquid technology, the cornerstone of their sustainable fuel vision. He shares the environmental and economic challenges, from feedstock scarcity to investment complexities, offering an inside look at the mechanisms of de-risking such ventures. It's a conversation that goes beyond combustion engines and into financial engines that will drive or delay the advent of low-carbon flight.

Austin is optimistic as we discuss the forthcoming construction of the SAF plant and the broader mission of Willis Sustainable Fuels, illuminating the role they play in the global effort to decarbonize aviation.

If you enjoyed this episode, catch our previous discussion with Jean Paquin and how SAF+ International Group are approaching their e-fuel production facility in Montreal, Canada: https://www.buzzsprout.com/2202964/13512160

SAF Investor London

This conference serves as a nexus for innovators, customers, financiers, regulators, suppliers, and advisors, forging partnerships that will drive change. SAF Investor London 2024 isn't a conference for debating the merits of SAF; it's about convening the dealmakers who can effect real transformation.

Join over 200 leaders in the SAF Industry for two days of stimulating debates, discussions and plenty of networking.

You can find out more about SAF Investor and our conference in London here: https://www.safinvestor.com/

Host: Al Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

On this week's episode Mukund Karanjikar, CEO, CleanJoule joins Oscar on The SAF Podcast to discuss their approach to accessing biomass to create sustainable aviation fuel.

Listen in to hear Mukund's thoughts on the debate around the availability of waste biomass as a feedstock to accommodate demand levels and the importance of Carbon Intensity (CI) scores. We also look at the role that government grants have had in helping CleanJoule get to their current stage, since their founding in 2009. Mukund highlights how critical these grants are, highlighting the example of Tesla and other start ups that rely on government funding.

We also look at the signals of long term certainty and how the current form of the Inflation Reduction Act could do more in financial support for producers, potentially looking at aligning with oil prices to truly unlock SAF production, rather than the maximum $1.75 currently available. We also discuss how targets like the SAF Grand Challenge and mandates align with financial incentives to to give longer term certainty to investors, and what we can expect to see in 2027 when the current tax incentives expire.

We end the discussion by looking at the private consortium that invested in them including three airlines (Frontier, Wizz Air and Volaris) and two decarbonisation investment funds (GenZero and Cleanhill Partners). This is an optimistic tale of airlines engaging in securing their decarbonised future and poses the inevitable question of should/could they be doing more?

This is a fantastic discussion, but if you want to hear about another key industry in developing the SAF market, listen to our recent episode with Sven Rieve, Air bp: https://www.buzzsprout.com/2202964/15390671

Host and Producer: Oscar Henderson, SAF Investor

 On this episode of The SAF Podcast we shake the format up as Al is joined by Mukul Hariharan, United Airlines Ventures and Robert Birdsey, Green Front Energy. If you've ever pondered the financial gears that turn behind the scenes of sustainable aviation fuel (SAF) projects, look no further.

Tackling the intricacies of renewable fuel supply chains and the hurdles of scaling up from small-scale to large-scale projects, our guests offer a pragmatic lens through which to view the renewable energy sector. They share the need for strategic planning and flexibility to cater to diverse markets, and they dissect the evolving relationship between project financiers and the dynamic renewable fuels market. 

The conversation then pivots to the nuanced art of renewable energy procurement for corporates, underscoring the balance between policy, market certainty, and technology de-risking. Their insights paint a vivid picture of the patience and strategic thinking needed to navigate the current policy and market conditions impacting renewable fuel infrastructure financing.

Our episode wraps with sage advice for those making their foray into the renewable energy industry. For tech companies, it's about staying grounded in scientific rigor and capital efficiency. For project developers, the key lies in starting with proven concepts and integrating newer technologies as they mature. 

If you enjoyed this conversation catch our previous episode with Jim Lockheed, JetBlue Ventures: https://www.buzzsprout.com/2202964/14019163

SAF Investor London

This conference serves as a nexus for innovators, customers, financiers, regulators, suppliers, and advisors, forging partnerships that will drive change. SAF Investor London 2024 isn't a conference for debating the merits of SAF; it's about convening the dealmakers who can effect real transformation.

Join over 200 leaders in the SAF Industry for two days of stimulating debates, discussions and plenty of networking.

You can find out more about SAF Investor and our conference in London here: https://www.safinvestor.com/

Host: Al Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

Welcome to 2024 and we are beginning the year by taking a look back at the big developments and news from 2023 with the SAF Investor team: Al Whyte, Oscar Henderson and Fayaz Hussain.

We discuss our favourite news items from the past year like United Airline's appointment of Oscar the Grouch as Chief Trash Officer, the policy announcement from Europe with ReFuelEU and the transatlantic flights by Virgin Atlantic and Gulfstream. We also look back at some of our disappointments form the last year and highlight that although there is so much positive news coming out of the industry, there have been some very big challenges and the mountain the industry is trying to climb looms ever larger.

We talk about  the regions and pathways  to watch for 2024, our favourite offtake agreements from the past year and what we are looking forward to in 2024...the answer may or may not surprise people.

We also reference some of the fantastic conversations we have had in the last year. If you are working in the Sustainable Aviation Fuel industry and would like to be on an upcoming episode of the podcast in 2024, email us at oscar@corporatejetinvestor.com.

SAF investor's conference is going to be running in London on the 27-28 February and if you would like to find out some more about the conference you can do so here: https://www.safinvestor.com/event/142346/saf-investor-london/

Hosts: AL Whyte, Oscar Henderson & Fayaz Hussain
Producer: Oscar Henderson

The latest episode of The SAF Podcast is this week with, Jim Lockheed, Investment Principal, JetBlue Ventures. Jim gives us an insider's perspective on the intersection of aerospace, entrepreneurship, and venture capital. From his time in the Air Force to his stint at Boeing and his foray into the world of drones, Jim's unique journey is one you wouldn't want to miss. Plus, he shares his optimism about the future of drones and VTOLs, and reveals how JetBlue Ventures scouts for groundbreaking technologies and startups in the aviation sector.

Ever wondered about the hurdles and opportunities that come with investing in sustainable technologies? We delve deep into this topic, discussing the financing gap between early-stage and project financing, the critical role of techno-economic analysis, the importance of scalability and how critical the relationship with the airline JetBlue is in making investment decisions. We also shed light on the potential of sustainable aviation fuel (SAF) to revolutionize the aviation industry and offer practical advice to scientists and entrepreneurs seeking funding for their SAF processes. We also discuss there first SAF investment, The Air Company, and what makes them special.

How do we strike a balance between financial returns and sustainability impact? Jim Lockheed shares his views on this and explains how strategic funds and partnerships can help us achieve our decarbonisation goals.

Find out more about Jim and JetBlue Ventures here: https://www.jetblueventures.com/

You can listen to our recent episode with Daniel Bloch, IATA, here: https://www.buzzsprout.com/2202964/13989712

SAF Investor London

This conference serves as a nexus for innovators, customers, financiers, regulators, suppliers, and advisors, forging partnerships that will drive change. SAF Investor London 2024 isn't a conference for debating the merits of SAF; it's about convening the dealmakers who can effect real transformation.

Join over 200 leaders in the SAF Industry for two days of stimulating debates, discussions and plenty of networking.

You can find out more about SAF Investor and our conference in London here: https://www.safinvestor.com/

Host: Al Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

 On this week's episode of The SAF Podcast  we chat with James Hygate, CEO of Firefly Green Fuels. James unveils the fascinating world of hydrothermal liquefaction technology and how it can transform sewage into bio crude and biochar, opening the gateway to a new era of sustainable aviation fuel (SAF) production.

As we navigate through the conversation, James sheds light on his background in Biofuels, including making his own refinery in his house when he was younger, Firefly's  business model that involves converting sewage sludge currently provided by  three  water utility facilities into bio crude. He also provides a sneak peek into their commercialisation timeline and the looming challenges in aligning sustainability with commercial viability.

But what good is technology and business acumen without sound policy and abundant feedstock? In our final segment, we delve into the role of policy frameworks and feedstock in the biofuels arena. From the abundance of sewage sludge and its potential as a resource, to the frustrations with policy discussions, James gives us a comprehensive view. We then switch gears to India as we discuss securing investments and offtake agreements for SAF production in this fast-growing economy. So, tune in and gear up for a deep dive into the future of SAF production.

Find out more about Firefly Green Fuels here: https://flyfirefly.uk/

Find out more about SAF Investor and our upcoming London conference in February 2024 here: https://www.safinvestor.com/event/142346/saf-investor-london/

If you enjoy this episode catch our recent discussion with Steven Fance, Cultiv8 Hemp Solutions where the benefits of Hemp as a feedstock are discussed: https://www.buzzsprout.com/2202964/13842745

Hosted and produced by: Oscar Henderson, SAF Investor

On the latest episode of The SAF Podcast, our editor Fayaz chats with Daniel Bloch, a SAF specialist from the International Air Transport Association (IATA).

Daniel is here to connect the dots between the crucial role of Sustainable Aviation Fuel (SAF) in achieving these targets and how his role at IATA aligns with the ambitious net-zero 2050 aspirations. In a world where the climate crisis needs immediate attention, understanding the regulatory landscape and the progress towards net-zero targets is paramount. Daniel walks us through the complexities of these long-term goals, highlighting the importance of distilling them into manageable targets and timelines.

With Daniel, we dissect how the choice of feedstock in SAF production can dramatically impact commercial dynamics, sustainability criteria, and carbon reduction numbers. We also project into the future, examining SAF production estimates for the next decade and the pivotal role of policy in spurring the transition towards sustainable aviation fuel. It's not just about today; it's about laying the groundwork for optimising carbon abatement and scaling up the SAF supply beyond 2030. Don't miss this opportunity to gain critical insights into the future of sustainable aviation!

You can find out more about IATA here: https://www.iata.org/

If you enjoyed this, check out our recent discussion with John May, Hamilton Clark here: https://www.buzzsprout.com/2202964/13335688

SAF Investor London

This conference serves as a nexus for innovators, customers, financiers, regulators, suppliers, and advisors, forging partnerships that will drive change. SAF Investor London 2024 isn't a conference for debating the merits of SAF; it's about convening the dealmakers who can effect real transformation.

Join over 200 leaders in the SAF Industry for two days of stimulating debates, discussions and plenty of networking.

You can find out more about SAF Investor and our conference in London here: https://www.safinvestor.com/

Host: Fayaz Hussain, SAF Investor
Producer: Oscar Henderson, SAF Investor

Who knew that a career in retail could lead you to combatting climate change? We're joined by Andreea Moyes, Global Head of Sustainability at Air bp, who shares how she's now spearheading the charge towards sustainable aviation fuel (SAF). Listen in as she shares the industry's perspective on Co-Processing, eFuels, power to liquid technology, why Air bp has not signed any offtake agreements yet and how important strategic partnerships and policy clarity are in scaling up SAF.

Are we ready for a cleaner, greener future of aviation? Andrea gives us an insight into the complexities of SAF production and use, helping us understand how corporate partnerships and favourable policies can make SAF more affordable and accessible. She also discusses the potential of HEFA, alcohol-to-jet, for the future of SAF, the significance of goal posts and roadmaps in this endeavour, and her frustrations in the workplace. The future is here, and it's time to buckle up as we journey towards net-zero goals by 2050.

Find out more about Air bp here: https://www.bp.com/en/global/air-bp/aviation-fuel/sustainable-aviation-fuel.html

Find out more about SAF Investor and our conference in London on the 27th-28th February here: https://www.safinvestor.com/

If you like this episode, catch our recent discussion with Chris Brown, KPMG Ireland, on the realistic chance SAF has on making its targets, here: https://www.buzzsprout.com/2202964/13376452

Host: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

This week we pivot back to the airline and customer side of the Sustainable Aviation Fuel (SAF) with Jonathan Pardoe, Fuel Specialist with Star Alliance, the oldest global airline alliance starting back in 1997. Jonathan has a wealth of experience and knowledge about the fuelling challenges for airlines.

Topics discussed include:

00.48 - Background and how SAF adoption affects airline operations
06.25 - What can airlines do to mitigate the supply and demand imbalance to meet 2030 emissions targets.
10.42 - The biggest challenges for airlines accessing SAF
15.33 - the steps to narrowing the Jet A1 and SAF prices.
21.50 - Do customers have to foot the bill for SAF?
28.00 - The role of Asia in SAF supply.
32.10 - The market mis-match between the US and Europe and the Asian and Gulf markets.
36.40 - Could increased operating costs due to SAF put pressure on the small carriers?
41.10 - Can airlines streamline operations to mitigate increased SAF costs.

Make sure you catch this conversation about some of the most intriguing challenges that airlines face in the quest to decarbonise operations. SAF can only be the decarbonisation solution everyone believes it can be if the economics behind it don't put excessive strain on operating costs. 

Find out more about Star Alliance here: https://www.staralliance.com/en/home

Find out more about SAF Investor here: https://www.safinvestor.com/

Host: Fayaz Hussain, SAF investor
Producer: Oscar Henderson, SAF Investor

The SAF Podcast had the pleasure of speaking to one of the 'Grandfathers' of the Sustainable Aviation Fuel industry, the president and CEO of World Energy, Gene Gebolys.

World Energy was the world's first producer of SAF and has been leading the industry in the renewable fuel space for 25 years. It has set the ambitious challenge of producing 1 billion gallons of SAF by 2050.

Al and Gene have a fantastic discussion from the origins of World Energy to the importance of the book and claim system to truly unleash the economic power of SAF. Gene highlights that integrity on the buy side of the market is critical, and that the industry only has one chance to get this right.

Some topics discussed in the episode:

00.52 - The origins of World Energy
09.35 - Book and Claim - decoupling the SAF service form the SAF molecule
13.40 - The deals with Microsoft and DHL
15.10 - The importance of getting it right
21.10 - The EU and Book and Claim
24.40 - Biodiesel for ground transport and shifting to SAF production
28.00 - A commercialisation business not a technology business
31.20 - Where does the capital come from
39.06 - Keeping the drive on attacking the status quo

This is an amazing conversation and really highlights the SAF industry's need for efficiency if it is to achieve all of its targets. 

Find out more about World Energy here: https://www.worldenergy.net/

Find out more about SAF investor, including our conference in London. 27th-28th February 2024., here: https://www.safinvestor.com/

If you like this episode, catch our recent discussion with Matteo Mirolo, Transport and Environment, where he gives a an equally interesting discussion on the requirement for Book and Claim integrity, from a European perspective. Watch here.

Host: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

The SAF Podcast turns back to producers this week with Steven Fance , CEO and CTO, Cultiv8 Hemp Solutions, who has a great conversation with SAF Investor editor, Fayaz Hussain. Hemp is already being used across various industries from textile, construction and the automotive industry and have a great potential to play a key role in global decarbonisation efforts. 

Culti8 Hemp Solutions are using it as a Sustainable Aviation Fuel (SAF) feedstock and for Direct Air Capture (DAC) as Hemp bricks. They currently have a small scale project in Lake Charles, Louisiana and are confident that Hemp is a "superior feedstock" to other biomass solutions.

Some of the things discussed in this episode include:

01.00 - Steven's background and founding Cultiv8 Hemp Solutions.
05.00 - Operations and technological readiness of Cultiv8
07.03 - How much SAF demand can hemp fulfil?
12.00 - Where is the Hemp grown for production
14.07 - How much will SAF made from Hemp cost?
16.20 - Modular refinery approach
18.20 - The benefits of a virtual powerplant
21.15 - Planned expansion into Europe

It is exciting to see where SAF produced from Hemp can go and its potential to add another string the the SAF bow as production pathways and commercialisation develop.

Find out more about Cultiv8 Hemp Solutions here.

Found out more about SAF Investor here.

Host: Fayaz Hussain, SAF Investor
Producer: Oscar Henderson, SAF Investor

In our latest episode of The SAF Podcast Al sits down with Jonathon Counsell, group head of sustainability, International Airlines Group (IAG), the parent company of British Airways, Iberia, Vueling and Aer Lingus. Jonathon is one of the longest serving airline sustainability heads globally and he shares his thoughts on the role airlines play in signalling demand to investors and how he is firm in the belief that everything (pathways and feedstocks) is needed to meet SAF demand. 

Some of the topics discussed are: 

1:03 How Jonathon ended up at IAG

5:24 Sustainability was a lonely place to be post the financial crisis

7:10 Will the environment be taken off the agenda again?

11:00 How is the SAF industry of 2002 different to today?

16:46 Are agreements securing supply or helping projects get off the ground?

19:40 IAG SAF investments to date

23:50 Fuel buyers watching margins versus SAF prices

26:40 Price tapping mechanisms

28:40 Dealing with politicians

34:00 Confidence in meeting IAG SAF targets

35:30 Hitting 2050 targets: In sector versus out of sector

37:00 Do customers care about SAF?

This is a great episode showing what leading global airlines are doing to meet their sustainability obligations and why Jonathon thinks this is a very rewarding sector and would recommend it to anyone.

You can find out more about IAG here.

Find out more about SAF Investor here.

If you like this episode catch our previous episode with Patrick Edmond, Altair Advisory here.

Host: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

This week on the SAF Podcast,  SAF Investor Editor Fayaz Hussain has a conversation with Sven Rieve, Airbp's sustainability advisor. Rieve dives deep into Airbp's strategy for conquering the skies with sustainable aviation fuel (SAF).

We explore their current production footprint, the diverse feedstocks used, and the markets they're targeting.

The discussion takes off with Airbp's commitment to increasing SAF production capacity in key regions like Europe, the UK, and the US. Rieve sheds light on Airbp's preference for co-processing as a production method and explains why they're keeping a watchful eye on emerging pathways for future investment.

The conversation then steers towards regulations. Rieve offers Airbp's perspective on the Renewable Energy Directive and the crucial role of feedstocks within the European regulatory framework. He proposes a compelling solution – a focus on cultivating cover crops – to address Europe's growing need for SAF feedstocks.

We wrap up by exploring the contrasting regulatory landscapes across the UK, US, and Europe. Rieve analyzes how these differences will shape the future trajectory of SAF supply and demand, offering valuable insights for industry stakeholders.

 If you enjoyed this episode, catch our recent discussion with Jonathan Yeo, FlyORO about blending SAF and the supply chain challenges: https://www.buzzsprout.com/2202964/15360818

Host: Fayaz Hussain, SAF Investor
Producer: Oscar Henderson, SAF Investor

This weeks The SAF Podcast episode sees Al sit down with Pablo Fexer, Managing Director, 360 Jet Fuel.

Pablo has a really interesting background, first encountering Sustainable Aviation Fuel during his time at OMV. Now at 360 Jet Fuel he advises business jet operators and airlines on SAF, including a couple of airline equity investments. Pablo discusses many critical issues including:

1.20 - Background to 360 Jet Fuel
5.50 - What do offtake agreements look like?
11.20 - Will there be a cost of carbon?
15.20 - Why do some producers give 100% of a project's production to one airline?
17.40 - Will SAF be commoditised?
22.00 - Are smaller and regional airlines at risk of being marginalised from supply?
25.00 - What questions should investors ask about offtake agreements
28.05 - Would  SAF Futures help stabilise market costs?
32.00 - Advice to producers trying to find an offtake agreement
33.00 - Are agreements outstripping demand?

If you would like to find out more about 360 Jet Fuel you can here: https://www.360jetfuel.com/

Find out more about SAF Investor and the SAF Investor London conference here: https://www.safinvestor.com/

If you enjoyed this episode catch our previous discussion with Patrick Edmond, Altair Advisory here.

Host: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

Sarah Ellerby, CEO, Nova Pangaea Technologies (NPT) is the latest guest to sit down with Al on The SAF Podcast.

Nova Pangaea Technologies are a UK based company looking whose patented REFNOVA technology can create fantastic added value to almost all waste plant biomass, including the production of Sustainable Aviation Fuel (SAF).  Currently, Nova Pangaea Technologies is currently most notably working on project Speedbird, in the UK, with British Airways and Alcohol-to-Jet refinery technology company, Lanzajet, which is scheduled to come online in 2026. British Airway's parent company, International Airline Group (IAG) also invested in NPT in June 2023.

This is a fantastic discussion where Sarah outlines what NPT's expansion strategy could look like beyond project Speedbird, and which global markets they will look to target. Another critical point of discussion is the challenge of procuring project finance and investment when you are based outside of the US and how this slows down projects in the less regulatory mature markets around the world, as well as so many other critical discussion points. 

You can also find out what Sarah did when the IAG investment was confirmed.

This is a fantastic episode and very interesting to hear about the SAF market progress outside of the major US and European markets.

If you like this episode check out our other episode with Sylvain Verdier, Topsoe here.

You can find out more about Nova Pangaea Technologies here.

Find out more about SAF Investor and the upcoming SAF Investor London conference on the 27th-28th February 2024 here.

Host - Alasdair Whyte, SAF Investor
Producer - Oscar Henderson, SAF Investor

In our latest episode of the SAF Podcast Alasdair has a brilliant discussion with John Hannon, COO, Vertimass.

Vertimass are a US based biofuel company that produces Sustainable Aviation Fuel (SAF) from ethanol using their Vertimass Catalyst Technology. This process does not require external Hydrogen and can produce SAF with low capital costs and operating costs. They also can co-locate their facilities with existing ethanol production facilities, which can further reduce production costs.

John discusses the benefits of Vertimass technology in efficiently producing SAF, the importance of techno-economic analyses to the scalability of technology to production as well as discussing their ongoing series C funding round.

Find out more about Vertimass here: https://www.vertimass.com/

Find out more about SAF Investor here: https://www.safinvestor.com/

If you like this episode you should check out our episode with Jimmy Samartzis, Lanzajet, to find out more about the Alchol-to-jet production pathway. 

Host: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

The latest episode of the The SAF Podcast had Jean Paquin, CEO, SAF+ have a passionate discussion with Alasdair about the potential of e-fuels for sustainable aviation.

SAF+ is a Montreal based Sustainable Aviation Fuel (SAF) producer using the Power-to-Liquid process to synthesise SAF from CO2 and hydrogen. SAF+ is part of the The Skies the Limit Challenge started by the Canadian government to set up a pilot plant the demonstrate the production of SAF. Montreal is a great place for an e-SAF facility due to the large availability of hydro-electric renewable power that can be utilised in the production process, one of the key challenges to PtL SAF production. They have a considerable number of offtake agreements already in place, most notably the agreement with the Air France Group penned in August 2023.

Jean and Alasdair discuss where the first SAF+ refinery could be located, the importance of a portfolio approach to stakeholders to ensure that SAF+ has access to the most recent and important industry development and expertise. They also discuss whether Jean wants to be first and the challenges and opportunities that this creates.

You are unlikely to find someone more animated and passionate about the potential the SAF holds in aiding the progress of sustainable aviation.

You can find out more about SAF+ here: https://safplusconsortium.com/

You can find out more about SAF Investor here: https://www.safinvestor.com/ 

Host: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

In the latest episode of the SAF Podcast Alasdair sits down with Jimmy Samartzis, CEO, LanzaJet. LanzaJet was spun out of LanzaTech in 2020 and are the industry leaders when it comes to Alcohol-to-Jet Sustainable Aviation Fuel production pathway. With their Freedom Pines facility in Georgia scheduled for commercial production later in 2023 and other projects in New Zealand, Australia, India and the UK (Project Speedbird and Project Dragon) currently being explored.

Jimmy discusses their Freedom Pines facility and how it is running on schedule and budget (a remarkable feat considering the recent level of inflation), the importance of the right shareholders to help in project development and capital frameworks and why everyone in the SAF industry needs to speed up to produce more SAF.
 

If you want to find out more about LanzaJet you can here: https://www.lanzajet.com/

You can find out more about SAF Investor here: https://www.safinvestor.com/

Host: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

Matteo Mirolo, Aviation Policy Manager, Transport & Environment was the most recent guest on The SAF Podcast. T&E are a Non-Governmental Organisation (NGO) based in Brussels that stretches across Europe,  working to make all transport across the continent more sustainable.

Matteo's main focus is on Sustainable Aviation Fuel (SAF), mainly, e-fuels and mitigating the non-CO2 effects of flying. In this podcast Matteo discusses the potential issues of the darker underbelly of the SAF industry with used cooking oil fraud, something that Matteo says occurs on a daily basis. He also highlights the pitfalls of what he calls 'crypto SAF' which could come to prominence with ever increasing complication of book-and-claim systems.

This is a fantastic episode really highlighting how the SAF industry can look at achieving the clarity and transparency needed to attract the investment that is sorely needed.

Find out more about Transport & Environment here: https://www.transportenvironment.org/

Find out more about SAF Investor, as well as other podcast episodes here: https://www.safinvestor.com/

Host: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

For the latest episode of The SAF Podcast, Al sat down with Chris Brown, Partner, Aviation Strategy & Global Chair, Future of Flight, KPMG.

Chris has over 15 years' worth of experience across growth and decarbonisation strategies in aviation. What makes Chris a really interesting guest is that he is gives one of the more sceptical perspectives on whether Sustainable Aviation Fuel (SAF) supply will be at a sufficient scale to meet 2050 targets.

Chris and Al discuss a variety of topics including some of KPMG's forecasts, why he is most bullish on power-to-liquid and eSAF as opposed to waste biomass or alcohol-to-jet methods, and how Carbon Capture and offsetting could play a considerable role in the quest for decarbonisation.

You can find out more about Chris here: https://kpmg.com/ie/en/home/contacts/b/christopher-brown.html

Find out more about SAF Investor here: https://www.safinvestor.com/

Host: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor 

This week, The SAF Podcast, had the pleasure of speaking to John May, Managing Director, Hamilton Clark.

John is one of, if not the, leading project financier for SAF projects in the world having worked with industry leaders such as: Fulcrum BioEnergy, Gevo, LanzaJet and Fulcrum BioEnergy, among many others. John is also known for popularising Technology Risk Insurance in SAF project finance, which led to him being the first banker to receive the CAAFI award in 2019. He is the Magellan of SAF Project Finance!

Al and John discuss the challenges in finding the right investors, what sort of investors technology start ups or project licensees should be looking for as well as a deep dive into what exactly technology risk insurance is, and how it works.

John gives a tour de force in SAF financing and this is definitely not an episode to miss.

You can find out more about John's career to date here: https://www.hamiltonclark.com/team/john-m-may/

Find out more about SAF Investor here: https://www.safinvestor.com/

Host: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

In our latest episode Alasdair sits down with a biofuel podcasting rockstar in Sylvain Verdier, Senior Marketing Manager, Corporate Strategy, Topsoe. Topsoe is a chemical technology company with a long history focusing in producing clean transportation fuels.

Topsoe has entered into technology partnerships across the globe with HIF Global, Phillips 66, SkyNRG, SGP BioEnergy, Global Clean Energy, Brasil Biofuels and Nacero. They have also entered into a joint venture with Sasol to begin refining Sustainable Aviation Fuel themselves, which Sylvain discusses in this episode.

Sylvain and Al also discuss a wide range of issues including Lego bricks, the issues of getting approval and what needs to happen to ensure we meet 2050 emissions targets.

For more on SAF visit: www.safinvestor.com

If you would like to find out more about Topsoe visit: https://www.topsoe.com/sustainable-aviation-fuel

You can check out Sylvain's Fuel for Thought podcast, which has season Five coming out soon here: https://renewables.topsoe.com/podcast

Host - Alasdair Whyte, SAF Investor 
Producer - Oscar Henderson, SAF Investor

In our latest episode Alasdair has a discussion with Kennedy Ricci, President 4AIR. Founded in late 2020 after the Covid Pandemic, 4AIR aims to simplify meeting aviation sustainability regulations with offerings varying from volunteer programs, regulatory compliance offerings and the SAF Inventory management and has a strong focus in the business aviation market.

Kennedy and Al talk about the importance of traceability and transparency of feedstock sources and production, how offsets and SAF need to create a full sustainability picture as well as how SAF works alongside the development of electric and hydrogen aircraft.

For more visit: https://wwhttps://www.safinvestor.com/

If you would like to find out about 4AIR visit: https://www.4air.aero/

Host: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor

This week on The SAF Podcast, Jonathan Yeo, CEO, FlyORO joins Oscar to discuss the operational and supply chain logistic challenges that SAF presents.

One of SAF's many benefits is its drop in nature, and ability to work within existing infrastructure. However, currently it still needs to be blended with kerosene. This is not as simple as someone mixing the two together with a large whisk. As Jonathan explains, the precision required to blend SAF and Kerosene to meet certification standards is significant and the requirement to blend according to market demand requires flexibility not currently found in airport infrastructure.

Jonathan explains that their Alphalite modular system designed to optimise blend efficiencies, making SAF more accessible for both business and commercial aviation. Almost akin to a Nespresso coffee machine (other brands are available), blending the perfect amount of water and coffee. We also look at how a modular solution can deal with the inevitable ramp up in SAF production to service the expected growth in demand.

We then dive into FlyORO's finances and discuss the pre-Series A funding they received earlier this year and plans for further rounds in early 2025. Jonathan also highlights why they are targeting strategic investors and the benefits they bring. The episode ends with their expansion plans in Australia and the US and why they are two markets that are particularly attractive and the role of Book and Claim in helping scale SAF whilst there is a continued paucity of physical molecules.
 

If you enjoyed this episode, check out our most recent episode with Tom Berg, SkyNRG where we discuss their recent SAF Market Outlook report: https://www.buzzsprout.com/2202964/15275823

Host and Producer: Oscar Henderson, SAF Investor

This week Alasdair sits down with Patrick Edmond, Managing Director, Altair Advisory, to discuss why Ireland ticks all the boxes to be a Sustainable Aviation Fuel (SAF) hub.  Altair consults across the aviation sector on matters of airline strategy and sustainability.

Patrick and Al discuss what is holding back large scale production ramp up, SAF production, what investors want to see to mitigate investment risk, the importance of clear regulations and tells us which pathway he would choose to invest in.

For more visit: www.safinvestor.com/

If you would like to find out more about Altair Advisory visit: www.altair.ie

Host: Alasdair Whyte, SAF Investor
Producer: Oscar Henderson, SAF Investor 

This week Alasdair sits down with Tim Obitts, Acting CEO and Chief Legal Officer, Alder Fuels on their plan to make Sustainable Aviation Fuel (SAF) from wood waste and other biomass.  Alder's investors include Honeywell UOP, United Airlines Ventures, Directional Aviation and Avfuel among others.

Tim and Al discuss regulatory issues, the economics of SAF, the role that Big Oil has to play and the million dollar question of capital requirements.

For more on SAF visit: www.safinvestor.com

If you would like to find out more about Alder Fuels visit https://www.alderfuels.com/.

Host - Alasdair Whyte, SAF Investor 
Producer - Oscar Henderson, SAF Investor

Join us in this week's episode of The SAF Podcast as we welcome back SkyNRG as Tom Berg unpacks their latest Market Outlook report.

Tom shares the reason why they produce these reports, the meticulous methodology behind their report, which filtered 350 renewable fuel facilities down to 210. We dive into the major themes that appear from the report: Global policy developments and how important it is they develop into regulatory frameworks and the implication on global production opportunities, the competition for feedstock for Used Cooking Oil (UCO) and Renewable Diesel producers and whether delays in expected ramp ups should be concerning.

With the report being in it's fourth year, we ask Tom what they are now able to analyse that they were not previously and what can be learnt about market developments by mapping their predictions from previous editions. 

We also discuss the regional implications on policy certainty and how trade corridors can be seen to be opening, aligning with policy criteria and feedstock requirements. Tom also tells us what regions he thinks are ones to watch, which region he wants to hear more from.

We can't wait to have this conversation next year to discuss the findings and market development in 2025.

You should check out the full report here, well worth a read: https://skynrg.com/skynrg-releases-sustainable-aviation-fuel-market-outlook-2024/

If you enjoyed this check out our last episode with Dani Charles, Veriflux where we discuss US tax incentives and the requirements of accurate record keeping in biofuels and SAF: https://www.buzzsprout.com/2202964/15236511

Host and Producer: Oscar Henderson, SAF Investor

This week, we sit down with Dani Charles, Veriflux, who talks through his fascinating journey from government tech to co-founding a pioneering company in the renewable feedstock industry. Dani reveals how Veriflux, since its inception in 2020, has grown to support over 350 companies worldwide by revolutionizing the tracking of used cooking oil and other feedstocks. His insights underscore the critical importance of accurate record-keeping for regulatory compliance and market differentiation, especially in distinguishing renewable fuels like Hydrotreated Vegetable Oil (HVO) and Sustainable Aviation Fuel (SAF).

Ever wondered how US environmental policies and incentives come to life? Join us as we unpack the intricate legislative process including the Department of Energy, Environmental Protection Agency, Department of Transport, Treasury and Securities and Exchange Comission. Through detailed examples like the renewable fuel standard and the Inflation Reduction Act, we shed light on the complex and often collaborative efforts required to enforce these regulations. We also examine the challenges stakeholders face with incentives such as Renewable Identification Numbers (RINs) and Low Carbon Fuel Standard (LCFS) credits, emphasizing the complications that arise from varying guidelines.

As eco-fuel production gains momentum, what hurdles do new entrants face? We delve into the implications of the Inflation Reduction Act credits expiring in 2027 and how this impacts the renewable energy industry. We discuss the benefits that incumbents hold over newcomers and the role state-level tax credits play in promoting local production. We also explore the updates to the IRA to include Argonne National Laboratory's GREET model and the transition from 40B to 45Z at the end of the year and what this means in practice.

 Additionally, we explore the transformative power of digitizing supply chains for sustainability, highlighting the necessity of robust data management to support ESG and net zero goals. Tune in to understand how comprehensive data collection not only substantiates environmental claims but also drives the future of renewable energy and sustainable aviation fuel.

If you enjoyed this episode, check out our recent episode with Vianney Vales, Wastefront here: https://www.buzzsprout.com/2202964/15196527

Host & Producer: Oscar Henderson, SAF Investor 

What if getting your tyres replaced on your car not only protected you on the road, but also helped save the planet? Currently 50 million end of life tyres are generated annually in the UK and 80% of them are exported to the EU to be burnt. What if a sustainable solution could help dispose of them but also not need for them to be exported overseas.

This week Vianney Vales, Wastefront joins Oscar on The SAF Podcast as we uncover the revolutionary process of transforming end-of-life tires into sustainable aviation fuel (SAF). Vianney, with his extensive background in the oil and gas, biofuels and project management sectors shares his journey towards innovative biofuels and climate solutions, shedding light on Wastefront's groundbreaking approach. We explore the dual-step process of converting waste tires into pyrolysis oil and then into SAF, delving into the significant environmental benefits and the advancements at their first industrial facility in Sunderland, UK.

Embarking on the journey of developing large-scale industrial projects in the UK is no small feat and on that many companies are currently tackling. Vianney provides a comprehensive walkthrough of the essential stages, from securing permits to finalizing supply chains and preparing for construction. Highlighting the project in Sunderland, he discusses first why they chose Sunderland as their first site, the hurdles and triumphs of funding such innovative ventures in Europe compared to the US. The conversation underscores the importance of early-stage funding, revealing the strategic steps that helped Wastefront de-risk and validate their project, and the ongoing capital raise efforts to secure strategic partners for the next construction phase.

Investment in pyrolysis projects presents a compelling proposition, offering both immediate profitability and long-term growth potential. Vianney outlines the strategies for attracting investors, balancing risk and reward, and the importance of clear communication. We delve into the challenges of creating scalable and profitable pyrolysis projects, the interplay between government mandates and private sector risk tolerance, and the UK's positive trajectory with its SAF mandate.

Vianney also suggests locations they are looking at for their next facilities and we discuss why a well known city called Springfield could be an excellent candidate.

If you enjoyed this discussion about finding use from waste, check out our previous episode with James Hygate, Firefly Green Fuels, who is working on making SAF from sewage: https://www.buzzsprout.com/2202964/14092944

Host and Producer: Oscar Henderson, SAF Investor 

This week Maurits van Tol, CEO Catalyst Technologies, Johnson Matthey joins Oscar on The SAF Podcast.

Hot on the heels of the announcement that their FT Cans technology, developed with bp. will be used for DG Fuels' $4bn St John's Parish, Louisiana facility. Billed as being the largest Fischer Tropsch facility in the world with a capacity of 300,000 metric tonnes per year.

We discuss the development of the CANS technology alongside bp, where it fits in in the process and the challenges of working on a project of this scale. We touch on whether the SAF industry needs more ambitious projects of this size to meet targets or if smaller modular facilities is the way to go for faster project development. Oil and Gas is never far away in a SAF conversation so Maurits shares his thoughts on their ongoing role in growing production and decarbonising quickly.

We also discuss the Virgin Atlantic transatlantic 100% SAF flight in November last year and the role Johnson Matthey had in making that happen and the importance of flights like this in bringing the work being done in aviation to decarbonise the industry.

We conclude with the far-reaching impact of life cycle assessments on decision-making in this sector, emphasizing that informed choices are imperative for the sustainable growth of the aviation fuel landscape. Join us for this deep exploration into the intersection of technology, sustainability, and the future of aviation fuels.

This is a great conversation with a leader in SAF technology development and licensing, so don't miss out on Maurits excellent insight.

If you enjoyed this episode check out our previous episode with Jose Fernandes, Honeywell that focuses on the Latin American market from another leader in the licensing space: https://www.buzzsprout.com/2202964/15072192

Host and Producer: Oscar Henderson, SAF Investor

This week The SAF Podcast ventures to the land of salsa dancing, ethanol production, rainforests and the Andes as Oscar is delighted to be joined to Jose Fernandes, President - Latin America, Honeywell.

Jose explains to us the different verticals Honeywell operates in, especially Honeywell UOP and their SAF technology licensing business, and how they are working to their target of reaching net zero operations by 2035. We discuss the projects they are currently involved in in the Latin America region alongside biofuel producer and Oil and Gas giant, Petrobras.

We also dive into what makes Latin America such a great place to produce SAF, with a rich agricultural landscape generating an abundance of potential feedstock and already mature HVO and Ethanol markets to use as a platform. With strong ties to the US and other international investment markets, Jose is confident that alongside the available domestic investment and incoming policy certainty that is currently being finalised, the financial and policy landscape are fast making Latin America an attractive proposition for SAF production. We also touch on the role of Oil and Gas and the critical relationship between licensors and Oil & Gas to drive global production.

We also discuss Honeywell's recently announced Unicracking technology working with Biomass and how they can claim for it to have a 3-5% higher yield whilst also reducing costs.

This is a great insight into a world leading SAF technology licensor who are at the heart of global production with 50 licenses sold and an expert insight into why Latin America could become the soul of the industry, 

If you like this episode do check out our previous discussion with Oskar Meijerink, SkyNRG here: https://www.buzzsprout.com/2202964/14996727-the-saf-podcast-skynrg-s-journey-from-procurement-to-production.mp3?download=true

Host and Producer: Oscar Henderson, SAF Investor

 In this episode of The SAF Podcast, we sit down with Roberto Gonzalez from the European Bank for Reconstruction and Development (EBRD) to explore the complexities of financing Sustainable Aviation Fuel (SAF) projects.

Roberto takes us through his personal journey from chemical engineering and oil refining to his pivotal role in the EBRD's energy transition team. We discuss EBRD's ambitious goals of achieving over 50% green investments and ensuring alignment with the Paris Agreement, while also exploring the unique challenges and opportunities in making SAF projects attractive to investors.

Roberto offers unique insights into the bankability of SAF across different regions, particularly in Eastern Europe, Central Asia, and Northern Africa. We delve into the critical factors that make SAF projects viable, such as feedstock supply, market demand, and technology risks. We also discuss the tools available to help spread the risk in new projects through the financial tools EBRD uses to support these projects, including first-loss guarantees, concessional debt, and technical assistance.

Additionally, we discuss the role of mandates, subsidies, and the aviation sector's willingness to adopt greener fuel sources despite higher costs. This episode offers valuable insights into the pivotal role of SAF in decarbonizing aviation and the financial innovations driving its adoption.

If you enjoyed this episode, make sure that you check out our previous episode with Binyam Reja, World Bank to hear about the opportunity and challenges of building SAF capacity in emerging markets: https://www.buzzsprout.com/2202964/15581228

Host: Oscar Henderson, SAF Investor

In this episode of the SAF Podcast, Oscar dives deep into the world of sustainable aviation fuel (SAF) and broader decarbonization efforts with Dan Kreibich, co-founder of Squake. Dan shares his journey from Lufthansa Innovation Hub, where he pioneered SAF offerings for passengers, to founding Squake, a platform making SAF and other compensation projects accessible in booking flows.

Squake's innovative approach enables airlines, travel companies, and corporations to integrate SAF purchases seamlessly, from ancillaries to bulk orders. Dan discusses partnerships with industry giants like Lufthansa, Airbnb, and CWT, highlighting the growing demand for sustainable travel options.

The conversation explores the broader context of transportation decarbonization, comparing SAF to other sustainable fuels in marine and ground transport. Dan provides insights into the economic drivers behind sustainable fuel adoption and the impact of regulations like CSRD and EU ETS.

We also delve into Squake's diverse portfolio of decarbonization projects, including CO2 removal and reforestation, and the criteria for selecting these initiatives. Dan emphasizes the importance of coupling decarbonization efforts with financial responsibility and discusses the hierarchy of carbon reduction solutions.

The episode concludes with a frank discussion on the challenges facing SAF adoption, including regulatory hurdles and industry uncertainty, while emphasizing SAF's potential as a "silver bullet" for aviation sustainability.

If you enjoyed this discussion, check out our last episode with Roberto Gonzalez, EBRD: https://www.buzzsprout.com/2202964/episodes/15693248

 The Iberian Peninsula's emergence as a SAF production hub isn't coincidental. The region boasts abundant feedstock availability, strong agricultural and livestock sectors, ample renewable energy resources, and a robust refining and petrochemical industry. This combination of factors, along with existing market demand, has created an ideal environment for renewable fuel production. 

Berta Cabello and Carlos Suarez join us on the podcast from Repsol this week. These industry leaders provide a deep dive into Repsol's ambitious renewable fuel initiatives, including their refinery in Cartagena and the e-fuel plant planned in Bilbao. This episode offers a glimpse at why Spain and Portugal are becoming powerhouses in the SAF industry, backed by abundant resources and expert industrial capacity.

 This episode delves into the vital collaboration between producers, airlines, and airports in scaling SAF adoption, while offering insights into overcoming feedstock challenges and maintaining the integrity of renewable fuel supply chains. We also unravel the strategic dynamics of the renewable fuels market, revealing how Spain positions itself uniquely by leveraging less competition and flexible production capabilities. 

Berta and Carlos highlight the crucial role of institutional support and regulatory frameworks in sustaining global competitiveness. Our discussion underscores the importance of demand-driven projects to meet Repsol's goal of net-zero emissions by 2050, emphasizing the necessity for investment in low-carbon and circular products.

The foundation of Repsol's strategy lies in their flexible approach to renewable fuel production. Rather than focusing solely on SAF, they're balancing production across aviation, marine, and road transport sectors. This flexibility aims to allow them to adapt to market demands while maximizing the use of byproducts from the production process.

Looking ahead, Repsol appears well-prepared for the initial 2% SAF mandate under RefuelEU. However, they acknowledge the challenges in scaling up to meet the 6% target by 2030, particularly regarding the e-SAF sub-mandate. The company emphasizes the importance of feedstock sustainability and transparency, implementing strict auditing and certification processes to ensure the integrity of their supply chain.

If you enjoyed this episode, make sure to check out our most recent discussion with Dan Keibrich, Squake via the link: https://www.buzzsprout.com/2202964/episodes/15812552

In this episode of the SAF Podcast, Andrew Symes, Founder & CEO, OXCCU joins Oscar to dive into the cutting-edge world of e-fuels. A chemistry graduate turned venture capitalist who transitioned to leading a pioneering carbon capture utilization company, Symes discusses OXCCU's groundbreaking catalyst technology that simplifies the conversion of CO2 and hydrogen directly into hydrocarbons.

The conversation explores OXCCU's recent milestone: their OX1 demonstration plant, which marks a crucial step in de-risking their innovative single-step conversion process. Symes details how their technology could significantly reduce the CAPEX and OPEX of e-fuel production, potentially solving the cost barrier that currently limits power-to-liquids scaling.

Industry experts will appreciate the technical discussion on reactor specifications, catalyst performance at scale, and the strategic approach to future developments, including the planned OX2 facility. The episode also addresses critical sector challenges, including grid electricity demands, the importance of first-of-a-kind facilities in climate tech, and the role of university research in breakthrough innovations.

Symes offers valuable insights on the business model evolution from technology development to licensing, and provides a nuanced perspective on UK and EU SAF mandates. The conversation concludes with a pragmatic discussion on offtake agreements and the critical timeline challenges facing the industry as it approaches the 2030 mandate deadlines.

If you enjoyed this episode check out our previous episode with Berta Cabello and Carlos Suarez, Repsol to find out about why Spain is such an important market for SAF production: https://www.buzzsprout.com/2202964/episodes/15861484

On this week’s episode of the SAF Podcast Sophie Byron, Global Head Biofuels Pricing, S&P Global Commodity Insights joins Oscar for a discussion around SAF pricing.

Tracking SAF prices is not as simple as traditional jet fuel. In a nascent market with complex supply chain and production pathways, getting accurate pricing data is no easy feat. Sophie explains this complexity and the challenge addressing issues across fluctuating feedstock pricing, production costs and limited transactions on the spot market and how they work around these to assess accurate prices. Another critical issue is how to approach pricing SAF from different pathways and feedstocks, Sophie explains how they are looking to approach pricing from Alcohol-to-Jet and eventually Power-to-Liquid production, in the near term as well as the current HEFA pathway.

Pricing is a critical issue to help grow SAF production as it is critical to help attract investment. Investors and lenders need certainty in revenue and, along with offtakes, certainty in SAF prices is critical to de-risk future projects. 

We also discuss the correlation of emissions reduction and Carbon Intensity scores and pricing as SAF’s value can be tied to the emissions reductions. We also look at how factors such as anti dumping duties, tax incentives in the US and the introduction of mandates in 2025 could effect pricing formulations. 

The discussion concludes with a reflection on transparency and how important access to data is to get the clearest pricing picture possible. 

Check out this episode if you are interested in how SAF pricing works, the challenges it presents and critically why pricing is such an important component in growing the SAF Industry.

If you enjoyed this episode, check out our most recent discussion with Andrew Symes, OXCCU here: https://www.buzzsprout.com/2202964/episodes/15895179

 In this episode of The SAF Podcast, we dive deep into Australia's emerging sustainable aviation fuel landscape with Mac Irvine, CFO of Jet Zero Australia. With 15 years of banking and finance expertise, including his role at the Clean Energy Finance Corporation (CEFC), Irvine offers unique insights into Australia's SAF development landscape.

 The discussion explores Jet Zero Australia's two flagship projects: Project Ulysses, an alcohol-to-jet facility in Townsville utilizing LanzaJet technology, and Project Mandala, a HEFA pathway development in partnership with Apeiron Bioenergy.

Our conversation moves into the strategic alliances that fuel Jet Zero's mission, including a key partnership with Idemitsu and the pursuit of innovative financial avenues such as SAF certificates for carbon abatement. With $14 million in grant funding already secured, Mac explains how Jet Zero is engaging with entities like the CEFC and the National Reconstruction Fund to explore flexible capital options.

 Key industry insights include Australia's position as the eighth-largest global jet fuel consumer, with 90% of current fuel being imported. The episode provides valuable insights into the nascent SAF market in Australia, including the current lack of specific SAF policies and the challenges this presents for developers. However, Mac also outlines the positive momentum, such as the federal government's Future Made in Australia program and its potential impact on the industry.

If you enjoyed this episode, check out our previous discussion with Sophie Byron, S&P Global Commodity Insights to find out about the complexity and importance of accurate SAF pricing data: https://www.buzzsprout.com/2202964/episodes/15975107


SAF Investor London - January 2025

SAF Investor London will be back in London in January 2025 and will bring leading producers, investors, customers and policy makers together to discuss the major issues around scaling SAF production globally.

We would love to see as many of you there as possible and you can find out more information, including book your tickets here: https://www.safinvestor.com/event/145508/saf-investor-london-2025/

Join us this week on The SAF Podcast, as we dive deep into the logistics and distribution challenges of sustainable aviation fuel (SAF) with CR Sincock from Avfuel, one of the largest global aviation fuel suppliers. As a leading distributor of SAF in business aviation, Avfuel offers unique insights into scaling SAF delivery across the United States.

In this episode, Sincock discusses Avfuel's strategic partnership with Neste, the world's largest SAF producer, and reveals their exciting new role as a launch customer for Valero Diamond Green in Florida. This expansion marks a significant step in addressing the East Coast's underserved SAF market. He discusses how this collaboration addresses logistical challenges in transporting SAF beyond coastal regions, opening pathways to major hubs and underserved markets. 

CR provides insights into the challenges of moving physical SAF molecules and the current locations where Avfuel offers SAF. He also touches on the unique case of Truckee Tahoe airport, which operates on 100% SAF, highlighting the importance of local environmental consciousness in driving SAF adoption.

 The conversation covers crucial topics, such as the company's advanced book-and-claim system, designed to streamline SAF adoption by enabling customers to claim carbon reductions without physical fuel movement. They also discuss Avfuel Zero, a comprehensive sustainability consultancy helping aviation clients navigate offsets, emissions assessments, and compliance without requiring an in-house sustainability team.

We explore the vital role of corporate responsibility in driving the adoption of SAF, especially among business and general aviation stakeholders. Discover how larg operators serving corporate clients are leading the charge, motivated by public scrutiny and the need to demonstrate proactive environmental stewardship.

 For industry professionals interested in SAF distribution, supply chain optimization, and the complexities of SAF blending to meet ASTM specifications, this episode offers essential insights into the current state and future development of SAF infrastructure in North America and beyond.

If you enjoyed this episode, check out our other discussion with Mac Irvine from Jet Zero Australia, as we dive into the SAF production landscape down under: https://www.buzzsprout.com/2202964/episodes/16017375


SAF Investor London - January 2025

SAF Investor London will be back in London in January 2025 and will bring leading producers, investors, customers and policy makers together to discuss the major issues around scaling SAF production globally.

We would love to see as many of you there as possible and you can find out more information, including book your tickets here: https://www.safinvestor.com/event/145508/saf-investor-london-2025/

In our latest episode we chat with Kathy Wight, Vice President for Net Zero Solutions at World Energy, and how they are leading the charge in decarbonizing business travel and freight.

Kathy takes us from her roots in the NGO sphere to her pivotal role in driving practical sustainability solutions, sharing insights from her experience with the Rocky Mountain Institute (RMI) and the innovative strides in sustainable fuels like SAF (Sustainable Aviation Fuel) and renewable diesel. We find out why she transitioned to the business side to actively work on developing practical solutions to decarbonise aviation.

We venture into the complex landscape of Sustainable Aviation Fuel certificates, dissecting the intricacies of environmental attribute certificates, and the book and claim system. Kathy helps clarify these often-confusing terms, shedding light on how these mechanisms play a vital role in reducing emissions across industry value chains. We discuss the importance of transparency and the potential for a universal taxonomy to simplify the process for newcomers, ensuring accurate carbon intensity scores and fostering broader engagement in the SAF arena.

Additionally, Kathy explains how long-term contracts with corporations act as “market makers” for SAF, signalling durable demand and unlocking capital to scale up production facilities.

For industry newcomers and veterans alike, Kathy’s insights offer a deep understanding of how SAF certificates and partnerships are accelerating sustainable change in aviation.  She emphasizes the importance of taking action now, rather than waiting for the perfect system to emerge. 

Check out our last episode with C.R Sincock, Avfuel, where we look at the development of the SAF supply chain: https://www.buzzsprout.com/2202964/episodes/16057604