Lufthansa, Shell ink deal for supply of SAF supply at all airports

Representatives of Shell International Petroleum Co. Ltd. and Deutsche Lufthansa AG (Lufthansa Group) have signed a non-binding MoU for exploring the supply of sustainable aviation fuel (SAF) to the Lufthansa Group for seven years at airports across the globe, beginning 2024. The parties concerned contemplated negotiating towards reaching a purchase agreement with total volume reaching up to 594 million gallons.  Jan Toschka, President, Shell Aviation, said, “I am happy to see the relationship between Shell and the Lufthansa Group moving towards reaching our respective sustainability goals. It is encouraging to see large flagship carriers coming to us to discuss SAF supply deals, knowing there will be a lot of things to be defined and determined at a later stage, including established price markers. SAF is the significant way to decarbonise aviation over the decades to come.”