• Both companies plan to increase the supply and use of sustainable aviation fuel (SAF)
  • The collaboration will aggregate SAF demand for corporate travel, to unlock investment and scale SAF production across technology types over the coming years

London, UK – May 25, 2021  American Express Global Business Travel (GBT) and Shell Aviation announce that they will collaborate on an alliance for making sustainable aviation fuel available. The parties will design a model aimed at increasing the supply and use of sustainable aviation fuel (SAF) and accelerating the aviation industry’s pathway towards net-zero emissions (NZE).

This collaboration combines the buying power of airlines and GBT’s corporate business travel customers at scale to drive a step change in production and usage of SAF. This, in turn, would enable airlines and corporations to make progress towards long-term emissions targets.

For many companies, a return to flying for essential business travel is a crucial driver of economic growth. However, options to reduce air travel emissions, in line with wider net-zero emissions targets, are currently limited. Lower or zero carbon technologies such as hydrogen and electric flight are unlikely to impact at scale until mid-century. This leaves SAF as the only viable, in-sector, option for reducing emissions in the short to medium term. SAF can be made from a variety of feedstocks and a number of different technology pathways. Compared with conventional jet fuel derived from fossil fuels, SAF has the potential to cut lifecycle emissions from aviation by up to 80%.1 However, today it represents less than 0.1% of aviation fuel used and is produced using one technology type.2

Anna Mascolo, President, Shell Aviation, said: “We want to help decarbonise the aviation sector and believe this collaboration could deliver new solutions for our customers to reach net-zero emissions. SAF has incredible potential to drive the decarbonisation of aviation. Even if all publicly announced projects today actually materialize, SAF would still account for just one percent of the jet fuel market by 2030.3 If the aviation sector wants more SAF by 2025, significant new investments are needed today. This collaboration with GBT aims to create the environment that supports new investment in SAF production and new technologies.”

GBT Chief Executive Paul Abbott said: “Our approach with Shell could provide a turnkey solution for corporations working towards net-zero emissions. We believe aggregating corporate and airline demand is the most efficient way to drive the volume of investment needed to bring change at scale. By working with Shell, we aim to enable corporations and airlines to plot a course towards their own emissions targets, while acting as climate leaders and creating real change.”

This collaboration will help drive transformation of the aviation and corporate travel sector, support a net-zero emissions future and deliver a new solution to customers in support of their own energy transition and carbon reduction ambitions. It will combine GBT’s trusted relationships with corporates and their travelers, and experience on emissions reduction strategies, together with Shell’s in-depth knowledge of the aviation sector, SAF expertise and carbon management solutions.

Both Shell and GBT have set their own individual targets to become net-zero emissions businesses by 2050, in step with society. Shell’s targets cover the full range of its emissions, Scopes 1, 2 and 3 of all the energy it sells, not just the energy it produces. Achieving its target could mean that, by 2030, Shell is producing eight times more low-carbon fuels and increasing the amount of biofuels and hydrogen in the transport fuels it sells to more than 10% (from around 3% in 2020). Shell is working with its customers to accelerate the transition to net-zero emissions. To achieve its net-zero emissions 2050 target, GBT plans to use SAF to reduce its own corporate travel emissions.

Notes to editors

References

  1. IATA Datasheet – What is SAF?
  2. IATA – Realising the potential of sustainable aviation fuel
  3. 3. Clean Skies for Tomorrow Insight Report (McKinsey and Company)

 

About Shell Aviation

With one of the most extensive refuelling networks in the world Shell Aviation supplies fuel, lubricants, and sustainable solutions in more than 60 countries. Customers range from the world’s largest airlines to private pilots.

Shell’s target is to become a net-zero emissions energy business by 2050, in step with society’s progress towards the goal of the UN Paris Agreement on climate change. Shell aims to reduce the carbon intensity of the energy products we sell to our customers by 100% by 2050 and by around 45% by 2035.

Shell Aviation’s carbon management strategy aims to help our customers decarbonise by avoiding emissions on the ground, reducing emissions principally through the use of Sustainable Aviation Fuel, and offsetting emissions through the use of carbon credits, specifically nature-based solutions. Shell Aviation plays many different roles in this strategy; a fuel supplier (renewable and conventional), a technology partner, and proponent of energy solutions for airports. We actively collaborate across the industry to deliver more sustainable solutions for aviation. Examples include our work with World Energy, SkyNRG, Amazon Air, Neste, Red Rock, Rolls-Royce, and at San Francisco Airport. Shell Aviation is proud to be a member of “The Clean Skies for Tomorrow Coalition” and the UK government’s Jet Zero Council.

Further information can be found at Shell Aviation and Flightpath, our conversation series featuring expert perspectives on the issues facing aviation.

Media Enquiries

Ralph van Mook, Spokesperson, Shell Media Relations
T: +44 20 7934 5550
E: Ralph.vanMook@shell.com

 

American Express Global Business Travel

American Express Global Business Travel (GBT) is the world’s leading business partner for managed travel. We help companies and their employees prosper by making sure travelers are present where and when it matters. We keep global business moving with the powerful backing of travel professionals in more than 140 countries. Companies of all sizes, and in all places, rely on GBT to provide travel management services, organise meetings and events, and deliver business travel consulting.

Visit amexglobalbusinesstravel.com for more information about GBT, and follow @amexgbt on TwitterLinkedIn and Instagram.

GBT has been providing business travel services for more than 100 years.  Our legacy and future depend upon commitment to our values and principles.  Environmental, social and governance (ESG) is embedded within our company ethos and informs all that we do.  GBT champions travel as a force for good, connecting society and generating prosperity. We recognize that economic prosperity is inextricably linked to environmental sustainability, public health, and community resilience. We are committed to operating our business in the most environmentally responsible manner possible.  GBT’s carbon abatement strategy includes internal efforts to reduce our environmental footprint via carbon reductions, carbon offsets and insets, as well as external product and service offerings.  Leading by example, GBT is carbon neutral for its own travel since 2019 and, this year, we set an ambition to become net zero by 2050 or sooner.  We are driving the travel industry towards a low-carbon future with decarbonization solutions.


Media Enquiries

US: KWT Global

GBT@kwtglobal.com

T: +1 929-358-4068

 

UK: Cavendish Advocacy

amexgbt@cavendishadvocacy.com

T: +44 (0) 7788 823028

 

Cautionary note

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this press release “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition’, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2018 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, May 25, 2021. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.

We may have used certain terms, such as resources, in this press release that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

Disclaimer

American Express Global Business Travel (GBT) is a joint venture that is not wholly owned by American Express Company or any of its subsidiaries American Express). “American Express Global Business Travel,” “American Express,” and the American Express logo are trademarks of American Express and are used under limited license. This document contains unpublished, confidential, and proprietary information of American Express Global Business Travel (GBT). No disclosure or use of any portion of these materials may be made without the express written consent of GBT. © 2021 GBT Travel Services UK Limited.