Several major companies are joining together through the Sustainable Aviation Buyers Alliance (SABA) to purchase sustainable aviation fuel (SAF) certificates at scale. This leap forward from previous individual SAF certificate purchases by corporations dramatically strengthens the demand signal aviation customers are sending to the SAF market.

The companies, including Bank of America, Boom Supersonic, Boston Consulting Group, JPMorgan, Meta and clean energy non-profit RMI, will be purchasing sustainable aviation fuel (SAF) certificates for nearly 850,000 gallons of high-integrity SAF produced by World Energy and helping fuel JetBlue flights, reducing an estimated 8,500 tons of CO2 on a lifecycle basis.

The SAF involved in the SABA transaction reduces lifecycle carbon emissions by 84 per cent compared to conventional jet fuel and corporates purchasing SAF certificates pay some or all of the premium associated with SAF pursuing decarbonisation efforts that directly reduce emissions in the aviation sector.

Following the successful completion of this first joint procurement, SABA is launching its second competitive procurement process where it seeks to procure SAF certificates across a five-year timeframe. This second process will be open to all airlines and fuel providers. SABA expects to increase its annual collective demand by more than 10 times compared to this first process.

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