Avelia: One of the world’s first blockchain-powered book and claim solutions for sustainable aviation fuel
Sustainable aviation fuel (SAF) can reduce lifecycle carbon emissions by up to 80% when used neat, but more SAF must be produced and used if the aviation industry is going to achieve its net-zero emissions target by 2050.
Avelia is an example of how we can engage technologies and collaborate to scale SAF and accelerate the decarbonisation of air travel. It aggregates both airline and corporate demand for SAF under one platform, thereby providing producers the appropriate volume signal to invest more heavily in SAF production infrastructure.
Powered by Shell and Accenture, together with American Express Global Business Travel, and with the support of the Energy Web Foundation and Smart Freight Centre, Avelia provides fully traceable environmental attributes of SAF to help decarbonise business travel. This blockchain-powered book-and-claim solution connects airlines and businesses globally to share the environmental benefits of SAF. It aims to generate the scale of demand necessary to help the aviation sector transition to net-zero emissions by 2050.
By spreading the cost and benefits of SAF across the aviation value chain, Avelia allows airlines to start accessing more affordable SAF today and increases access to SAF for corporates looking to reduce emissions from their business travel.