tiprankstipranks
JetBlue, Fidelis New Energy sign MOU for 92M gallons of SAF
The Fly

JetBlue, Fidelis New Energy sign MOU for 92M gallons of SAF

JetBlue and Fidelis New Energy announced a memorandum of understanding to provide JetBlue at least 92 million gallons of blended sustainable aviation fuel from Fidelis’ Gron Fuels GigaSystem at the Port of Greater Baton Rouge in Louisiana. This SAF is expected to be delivered over the five-year term with a targeted start date of 2025. With this MOU, Fidelis’ negative carbon intensity SAF is helping JetBlue advance toward its goal to reach 10 percent of its total fuel usage as SAF on a blended basis by 2030. The SAF from the Gron Fuels GigaSystem is innovatively designed to achieve negative lifecycle carbon intensity by integrating carbon capture & sequestration and biomass energy with CCS.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on JBLU:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles