5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

PAL targets to operate SAF-powered flights by 2026

by
April 3, 2024
in Stock
0
PAL targets to operate SAF-powered flights by 2026

FLAG carrier Philippine Airlines (PAL) said it is working to secure a green fuel supply deal as it aims to operate sustainable aviation fuel (SAF)-powered flights to Singapore by 2026.

“We are not using SAF yet but all our aircraft are SAF-capable. So, we can use SAF, maybe by 2026,” Stanley K. Ng, president and chief operating officer of PAL, said on the sidelines of the company’s media briefing on Tuesday.

Currently, PAL has no SAF-powered flights yet but the company is targeting to have at least 1% SAF blend for its Singapore flights by 2026.

The Singapore government will require flights departing from its airport to use at least 1% SAF by 2026.

SAF can help reduce emissions from air transportation as it is made from non-petroleum feedstock like agricultural waste and used vegetable oil.

For now, the company is in talks with potential suppliers to secure an agreement for its green fuel supply, Mr. Ng said, adding that the company is hoping to land the deal as early as 2025.

“Yes, we are [in discussions]. I always say we want to be sustainable. We want to have lesser carbon emissions. I hope as early as next year [we can have SAF supply], but if not it’s 2026,” Mr. Ng said.

Mr. Ng said the company struggles to secure SAF supply because of its limited supply.

“Even if we want to do more, we all know the constraint right now. It’s a limited supply. Even if you want to use SAF, it is really difficult to get,” he said.

In 2023, the Energy department said it was working on setting regulations on SAF utilization to accelerate its adoption in the aviation industry in the Philippines.

Last year, PAL signed a memorandum of understanding with low-carbon energy and services company ENGIE to explore the development and implementation of decarbonization projects such as SAF. — Ashley Erika O. Jose

Previous Post

Peso sinks to over two-month low against the dollar on Fed comments

Next Post

Finding the right institutional framework for a blue economy

Next Post
Finding the right institutional framework for a blue economy

Finding the right institutional framework for a blue economy

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    NU Lady Bulldogs eye three-peat despite Belen and Solomon exit

    NU Lady Bulldogs eye three-peat despite Belen and Solomon exit

    May 15, 2025
    Phoenix, Ginebra gun for Magic Four slot as they clash in Philippine Cup

    Phoenix, Ginebra gun for Magic Four slot as they clash in Philippine Cup

    May 15, 2025
    Larga Pilipinas returns with 10,000 cyclists, six-stage race from Cabanatuan to Baguio City

    Larga Pilipinas returns with 10,000 cyclists, six-stage race from Cabanatuan to Baguio City

    May 15, 2025
    Eala-Gauff tandem bows to Errani-Paolini duo in three sets

    Eala-Gauff tandem bows to Errani-Paolini duo in three sets

    May 15, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.