Singapore's CargoAi, Neste join hands to cut down carbon emissions

As of November 2022 onwards, CargoAi offers the possibility to purchase Neste MY Sustainable Aviation Fuel when booking a cargo transport, according to a joint press release by CargoAi and Neste. This can be done in the booking flow - either after a booking is confirmed or when the cargo is being tracked. This complements CargoAi’s Cargo2ZERO sustainability offering launched in October 2022. The use of sustainable aviation fuel significantly reduces greenhouse gas emissions from air transport. Purchasing Neste-produced SAF helps companies meet their climate targets and credibly report their CO2e emissions reductions.

“We are proud of this landmark partnership with Neste, as sustainability is at the core of all our product developments and customer interactions. Building on the CO2 Efficiency Score already available in our Cargo2ZERO solution, will further encourage forwarders to enter into discussions with their own clients about what is needed for the industry to move forward towards reaching the industry’s Net Zero targets together. We are also enabling access for smaller freight forwarding companies in 110 countries to purchase SAF in smaller quantities,” said Matthieu Petot, CEO of CargoAi.

During the booking or tracking phase, freight forwarders will automatically be prompted with data of the CO2 emissions that their shipment will emit, calculated based on International Air Transport Association (IATA) standards. They will then have an option to purchase varying percentages of SAF to reduce emissions. Neste ensures the purchased SAF volumes are delivered and used by partner aircraft operators. The emission reductions achieved will be reported back and can be used to credibly report against sustainability targets.

“We designed Cargo2ZERO as a suite of solutions for integrating and accelerating climate action into the air freight procurement process. Purchasing SAF remained until now a hard-to-navigate, resource-intensive process and often required purchases of large volumes, which made reducing emissions at the transactional level very difficult. With the direct purchase of SAF now embedded in the booking execution and tracking flows, we're taking the next steps to empower climate action by offering our clients straightforward, user-friendly, and verifiable means to ensure reduced emissions,” said Magali Beauregard, chief commercial officer of CargoAi.

Sustainable aviation fuel has been widely acknowledged as a key element in helping to reach aviation’s ambitious goal of net-zero carbon emissions by 2050. Using Neste MY Sustainable Aviation Fuel reduces greenhouse gas (GHG) emissions by up to 80 per cent over the fuel’s life cycle compared to using fossil jet fuel. It is produced from sustainably sourced, 100 per cent renewable waste and residue raw materials, such as used cooking oil and animal fat waste.

Neste MY Sustainable Aviation Fuel is a drop-in fuel that can be used within existing aircraft engines and airport fuel infrastructure.

Fibre2Fashion News Desk (NB)