Asia Sustainable Aviation Fuel Association Launches to Transform Policy, Markets and Investment for Sustainable Aviation Fuel Across Asia

SINGAPORE,Nov. 7, 2024/PRNewswire/ -- The Asia Sustainable Aviation Fuel Association (ASAFA) officially launches today inSingapore, with the goal of accelerating the adoption of Sustainable Aviation Fuel (SAF) acrossAsia. Supported by pioneer members like Korean Air, 1PointFive, DHL Group, Bureau Veritas, Marquis Energy Global, EU-ASEAN Business Council, SkyNRG, PT. Green Energi Utama and Quantum Commodity Intelligence. ASAFA aims to harmonize policies, enhance market frameworks, and boost public awareness of SAF in key regions, includingSoutheast Asia,South Korea,Japan,India, andChina. Pioneer partners include Sustainable Aviation Futures, Korea –Europe& You and General Index.

"We are placingAsiaat the heart of our efforts by driving policies that resolve market inefficiencies, attract investments, and establish SAF as a viable decarbonization option for the aviation industry, makingAsiaa leader in SAF for net-zero aviation,"said ASAFA CEOFabrice Espinosa.

ASAFA's mission is to build a collaborative ecosystem addressing the SAF value chain's core challenges by uniting feedstock providers, technology licensors, fuel aggregators, biofuel producers, airlines, investors and policy-makers. The association will host monthly webinars, in-person workshops, closed-door dialogues, technical field trips, and produce industry white papers to advance SAF inAsia.

ASAFA has also announcedan MoU with A*STAR. This partnership connect members with A*STAR's Research Institutes, enabling pathways for piloting and implementing advanced SAF technologies. The collaboration also involves business networking, Operation& Technology Road-mapping, and promoting the A*STAR Collaborative Commerce Marketplace to support local enterprise growth and strengthenSingapore'saviation innovation ecosystem.

ASAFA's engagement extends beyond policy reform to enhancing market frameworks that support SAF development. Through dynamic working groups comprising industry and government stakeholders, ASAFA will identify market gaps, align interests, and implement initiatives to boost SAF accessibility and economic feasibility acrossAsia.

In addition to its work on policy and market structure, ASAFA will seek to increase public understanding of SAF's impact through tailored outreach efforts, creating a well-informed support base in the broader community.

Today's launch event, attended by over160industry leaders and policy makers, highlights ASAFA's pivotal role as a catalyst for sustainable aviation solutions. This event marks the start of ASAFA's journey to make SAF a cornerstone ofAsia'saviation, driving towards a more resilient and environmentally sustainable future in air travel across the continent.

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SOURCE Asia Sustainable Aviation Fuel Association