In a groundbreaking move, Yokogawa Electric Corporation has become the first Asian-based industrial automation customer to participate in Avelia's blockchain-powered sustainable aviation fuel (SAF) program. This decision reflects Yokogawa's commitment to sustainable business practices and reducing carbon emissions in the aviation industry.
Avelia: Revolutionizing Sustainable Aviation Fuel Procurement
Avelia, launched in June 2022, is a collaborative effort between industry giants Shell and Accenture, with support from the Energy Web Foundation and American Express Global Business Travel. The platform's primary objective is to aggregate global business demand for SAF, thus boosting its supply and facilitating the aviation industry's transition towards net-zero emissions.
The Promise of Sustainable Aviation Fuel (SAF)
Sustainable Aviation Fuel (SAF) is a game-changer in the aviation sector, offering the potential to reduce carbon emissions by up to 80% when compared to traditional fossil-based aviation fuels. SAF is widely regarded as the most promising pathway for decarbonizing air travel and addressing the urgent issue of climate change.
Blockchain Technology for Transparent SAF Tracking
Avelia employs blockchain technology to ensure transparent and accountable tracking of the environmental attributes associated with SAF delivered to the aviation fueling network. This innovative approach helps prevent issues such as double counting and guarantees that the environmental benefits of SAF are fairly distributed among airlines and business customers.
Yokogawa's Commitment to Sustainability
Yokogawa's participation in Avelia's SAF program showcases the company's dedication to environmentally responsible practices. By actively engaging in initiatives like Avelia, Yokogawa is not only contributing to the aviation industry's goal of achieving net-zero emissions but also setting a positive example for the broader industrial automation sector. This move reinforces the importance of collaboration and innovative technology in addressing the climate crisis.