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Energy
SAF is the only way to truly decarbonize flight . This meant we had to implement a new economic system where we get paid for the process of decarbonization , rather than propulsion being the only revenue generating factor .
“ The same year that we purchased the refinery – 2018 – also saw us announce a major expansion plan , which is now well underway . We expect it to be fully functional in late 2026 , at a cost that will exceed $ 2 billion . We ’ re striving to be the most advanced refinery in the world , producing solely renewable-based products , with the vast majority of that being SAF , connected by pipeline to Los Angeles International Airport .
“ But when it comes to SAF , that ’ s only half the equation ! We needed to work out how to take this initial investment to decarbonize flights anywhere around the world , not just from LAX . This is where it gets a bit more technical , as we had to separate the decarbonization work of the molecules from the fuel molecules themselves , to allow the emission reductions to be transferred anywhere .”
Hydrogen is a natural expansion of the work we ’ re doing in SAF and advanced biofuels as they all depend on hydrogen
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