JetBlue signs supply agreement for Blended
Sustainable Aviation Fuel (SAF) to supply John F. Kennedy
International Airport (JFK) to begin as early as fourth quarter
2024
JetBlue invites other New York businesses to
help scale the SAF market in the region
Today JetBlue (Nasdaq: JBLU) and World Fuel Services (World
Fuel), a World Kinect (NYSE: WKC) company, announced a new
commercial agreement to bring the first regular supply of Blended
Sustainable Aviation Fuel (SAF), provided by Valero Marketing and
Supply Company (Valero), a subsidiary of Valero Energy Corporation
(NYSE: VLO), to John F. Kennedy International Airport (JFK) as
early as the fourth quarter of 2024. Under the terms of the initial
12-month agreement, JetBlue is expected to take delivery of a
minimum of 1,000,000 gallons of neat sustainable aviation fuel
(approximately 3,300,000 gallons blended) - with an option to
purchase up to an additional 4,000,000 gallons (approximately
13,300,000 gallons blended). The blended SAF will be made available
via existing infrastructure, including the Colonial Pipeline.
“This newly available SAF in our hometown is a key signal of the
growing engagement by major fuel producers and the potential of SAF
to meaningfully address aviation’s carbon emissions,” said Sara
Bogdan, managing director of sustainability and environmental
social governance, JetBlue. “By leveraging Valero’s globally
recognized expertise in energy markets and logistics, and by
utilizing existing jet fuel distribution infrastructure, this new
large-scale supply of SAF is set to be a pivotal moment as the
industry grows the use of SAF. Truly maximizing the impact of this
opportunity will require engagement across all sectors.”
As New York’s Hometown Airline®, JetBlue has long been
interested in bringing blended SAF to the northeast and hopes to
maximize the supply through relationships with other like-minded
New York businesses. The airline expects with ongoing corporate
support and incentive programs this first step will set the stage
for a growing blended SAF market in one of the busiest airport
systems in the world.
Neat sustainable aviation fuel, produced by Diamond Green
Diesel, LLC, a joint venture between a Valero affiliate, and
Darling Ingredients Inc. (NYSE: DAR), will be blended by Valero
with conventional jet fuel to create blended SAF, and delivered by
World Fuel. Blended SAF is a drop-in product for existing aircraft
and infrastructure. Neat sustainable aviation fuel is produced from
a wide array of feedstocks, including agricultural wastes and used
cooking oils. It can lower lifecycle GHG emissions by approximately
80%, when compared to today’s conventional jet fuel. The fuel under
this agreement is expected to be delivered via existing jet fuel
distribution infrastructure and claimed by JetBlue in New York.
World Fuel, a global energy management company offering
fulfillment and related services to more than 150,000 customers
across the aviation, marine, and land-based transportation sectors,
will provide the logistics and distribution of blended SAF as part
of this agreement. As an ISCC certified trader, World Fuel is an
integral part of the traceable supply chain all the way from
production to delivery.
“It takes support across the full supply chain to grow the
blended SAF market and meet the aviation industry’s objectives. We
are proud to work with JetBlue to bring blended SAF to one of our
largest airport locations, further supporting our ambition at World
Fuel to grow a consistent supply network for SAF in the US East
Coast,” said Brad Hurwitz, senior vice president, supply and
trading, World Fuel.
Today, as a result of state-level programs incentivizing the use
of renewable fuels, the majority of domestically supplied blended
SAF is delivered into West Coast airports. Engagement across public
and private sectors is needed to expand the supply of SAF to more
cities and grow the economies of scale.
By partnering and helping JetBlue purchase more blended SAF
through JetBlue-issued SAF certificates, corporate partners have
the ability to reduce their business travel emissions, while
encouraging the blended SAF market. With this new supply of blended
SAF available at JFK, JetBlue calls on New York businesses to join
the airline in bringing even more blended SAF to its hometown.
“As a global hub for travel and commerce, we have an opportunity
for New York to be viewed as a center for responsible business as
well,” said Sara Bogdan, managing director of sustainability and
environmental social governance, JetBlue, “We’re asking companies
who rely on the convenient and readily available flights to and
from our New York area airports to help us show the demand and
interest for more sustainable options.”
More detail on JetBlue’s Sustainable Travel Partners program can
be found at
https://www.jetblue.com/sustainability/sustainable-travel-partners
JetBlue continues to support SAF as the most meaningful way to
reduce GHG emissions as the airline aims to achieve net zero carbon
emissions. JetBlue already has a regular supply of SAF for airports
in the San Francisco and Los Angeles areas. It is proud to have
doubled its SAF procurement in 2023 from the previous year and is
on track to double its procurement of SAF again in 2024.
JetBlue’s Focus on the Environment
JetBlue depends on natural resources and a healthy environment
to keep its business running smoothly. Not only do we all rely on
those natural resources, but tourism also relies on having
beautiful, natural and preserved destinations for customers to
visit. The airline focuses on issues that have the potential to
impact its business. Customers, crewmembers and community are key
to JetBlue's sustainability strategy. Demand from these groups for
responsible service is one of the motivations behind changes that
help reduce the airline’s carbon output and overall Environmental
impact.
While JetBlue views SAF as the most promising solution to
rapidly and directly reduce aircraft emissions in the short and
medium term, it is one piece of its larger decarbonization strategy
which also includes aircraft efficiency, fuel optimization,
electric ground operations, and technology partnerships. For more
on JetBlue’s sustainability initiatives, visit
www.jetblue.com/sustainability.
About JetBlue Airways
JetBlue is New York's Hometown Airline®, and a leading carrier
in Boston, Fort Lauderdale- Hollywood, Los Angeles, Orlando and San
Juan. JetBlue, known for its low fares and great service, carries
customers to more than 100 destinations throughout the United
States, Latin America, the Caribbean, Canada and Europe. For more
information and the best fares, visit jetblue.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240731357499/en/
JetBlue Corporate Communications Tel: +1.718.709.3089
corpcomm@jetblue.com
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