BusinessShell boss dismisses Reeves' 'game changer' green fuel for...

Shell boss dismisses Reeves’ ‘game changer’ green fuel for Heathrow claim

-

- Advertisment -spot_img


Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

The boss of Shell has poured cold water on Rachel Reeves’ claim that green aviation fuel will revolutionise carbon emission as she plans a third runway at London’s Heathrow airport.

Wael Sawan, chief executive of oil giant Shell, said sustainable aviation fuel (SAF), which is lower-carbon than regular jet fuel, is expensive and that airlines will be slow to take it up.

Last week, the Chancellor described SAF as “a game-changer in the way that we fly and the carbon emissions” as she backed another runway at Britain’s biggest airport and said carriers could be using it by 2035.

But Mr Sawan told the Times newspaper that in aviation SAF’s use is “less than 0.1 per cent” and that only stricter laws would improve its usage.

It is expensive to make compared with jet fuel, which is refined from oil.

It can be made from cooking oil or waste but the greenest fuel must be made from wind power, splitting water molecules into hydrogen and oxygen and then combining the hydrogen with carbon monoxide from the air to make a chemical identical to jet fuel, an even more costly process.

He said: “The reality is that SAF is more expensive and therefore unless there are mandates — obligations on either customers or airlines — it is difficult to see a penetration that is going to be massive.

Asked what proportion of aviation fuel around the world he thought would be sustainable by 2035, Mr Sawan told the newspaper: “A very, very small proportion.” (Shell)

“SAF is truly the only solution for the aviation sector, I think, for at least the next ten to 15 years — and it will grow. But I think, just from a fundamentals basis, it grows from a low base. I mean, airlines will not simply erode their bottom lines for the sake of it.”

In December, the UK set rules demanding that 10 per cent of jet fuel demand should be from SAF by 2030 and 22 percent by 2040.

Shell supplies SAF to some of the biggest airports in Europe, North America and Asia. But there are concerns about countries weakening their rules, including the US under President Donald Trump, which would make the fuel uncompetitive.

Mr Sawan said: “We talked about $10 to $15 billion to be invested by Shell over the three-year period up to 2025. We’ve invested eight of that and we’re on track to reach that range but what we are seeing is backsliding in biofuels mandates and biogas mandates and that if anything will erode confidence for the future to invest further.”

Asked what proportion of aviation fuel around the world he thought would be sustainable by 2035, Mr Sawan told the newspaper: “A very, very small proportion.”



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Chinese medical devices are in health systems across U.S., and the government and hospitals are worried

A popular medical monitor is the latest device produced in China to receive scrutiny for its potential cyber...

PM announces £200m Grangemouth site support fund

James DelaneyBBC Scotland NewsThe Scottish Labour leader Anas Sarwar told the BBC's Sunday Show the investment would pave...

Blue Jays’ Chris Bassitt serves fantasy football punishment during spring training game

Baseball fans have learned over the last few years that the players they cheer for take fantasy...

Donovan Munger, former Ohio State player who won national title, dead at 30

Donovan Munger, a former college football defensive lineman who played for the 2014 Ohio State national championship...
- Advertisement -spot_imgspot_img

Spending Over An Hour On Screens Daily? Study Links It To Increased Risk Of Nearsightedness, Check Here

New Delhi: Here comes another warning for those who love to spend hours on digital screens. According to...

Earth’s 1st Asteroid Mining Prospector Heads to the Launchpad

A private company is aiming to heave a microwave oven-size spacecraft toward an asteroid later this week, its...

Must read

New country album pays homage to Tom Petty

New country album pays homage to Tom Petty...

At least 10 shot dead as section of Kenyan parliament set on fire

At least ten people were shot dead in...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you