Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Saudi Arabia’s production increase sparks credibility concerns – Oil & Gas 360

July 11, 2025

Trump’s Tariffs Send Copper to Record High – Are Platinum, Silver and Lithium Next?

July 11, 2025

Trump hints at sanctions for Russian crude, oil prices go up

July 11, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Shell, Accenture, and Amex GBT Launch Blockchain Platform to Scale Green Jet Fuel
ESG & Sustainability

Shell, Accenture, and Amex GBT Launch Blockchain Platform to Scale Green Jet Fuel

omc_adminBy omc_adminJuly 11, 2025No Comments4 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Avelia Pilot Launch: One of the world’s first blockchain-based book-and-claim platforms for Sustainable Aviation Fuel (SAF), launched with 1 million gallons—enough for nearly 15,000 London–New York business flights.

Credible SAF Allocation: The platform ensures secure, transparent tracking and allocation of SAF’s environmental attributes, avoiding double-counting and enabling corporate carbon reductions.

Co-Investment Model for Scale: Avelia supports scalable co-funding of SAF to drive demand, reduce price premiums, and accelerate aviation’s path to net zero.

Shell, Accenture, and American Express Global Business Travel (Amex GBT) have jointly launched Avelia, one of the world’s first blockchain-powered digital book-and-claim solutions for Sustainable Aviation Fuel (SAF). With approximately 1 million gallons of SAF available at launch, the pilot represents the largest SAF book-and-claim initiative to date, equating to nearly 15,000 business flights between London and New York.

The platform addresses a key bottleneck in aviation decarbonization: the limited and costly supply of SAF. Avelia aims to unlock global business demand, aggregating corporate investment to help scale SAF production while ensuring accurate carbon accounting.

“SAF is a key enabler of decarbonisation in the aviation industry, and it’s available today. However, it’s currently scarce and costs more than conventional jet fuel,” said Jan Toschka, President, Shell Aviation. “Avelia will help trigger demand for SAF at scale, providing confidence to suppliers like us to further increase investment in production, and in turn helping to lower the price point for these fuels.”

JanToschka, President, Shell Aviation

Developed by Shell and Accenture with support from the Energy Web Foundation (EWF), Avelia leverages blockchain to track, verify, and allocate SAF’s environmental attributes securely. The book-and-claim model allows companies to reduce emissions in their Scope 3 categories (such as business travel), even when the physical SAF is used elsewhere in the network.

“A truly viable route to decarbonising air travel is now open for business,” said Paul Abbott, CEO of Amex GBT. “We’re calling on all companies to join us and share the costs and benefits of SAF across the travel and aviation sectors. Airlines will gain access to the buying capacity of businesses, drawing from Amex GBT’s 19,000 customers around the world.”

Paul Abbott, CEO of Amex GBT

Accenture emphasized the platform’s ability to foster collaboration in an industry where no single stakeholder can scale change alone.

“Our vision for the Avelia platform is to bring together airlines, corporates, cargo players, and SAF suppliers in a trusted ecosystem that no individual company could build or access on its own,” said Rachel Barton, Europe Strategy Lead, Accenture. “Blockchain technology will be piloted to help ensure trust via data integrity, validate proof of ownership, and enable transparent tracking of the environmental benefits of SAF for customers.”

Shell, Accenture, and Amex GBT are the platform’s founding customers, and Shell has committed to purchasing the environmental attributes of 100,000 gallons of SAF during the pilot phase. Shell has further committed to abating 45% of its corporate travel emissions through SAF by 2030 and will scale its purchases as more SAF becomes available.

RELATED ARTICLE: Delta, Shell Aviation SAF Agreement to Fuel LAX Hub and Accelerate Aviation Decarbonization

The Avelia platform supports co-investment models that allow businesses to share the premium costs of SAF. These models rely on credible carbon accounting frameworks—such as book-and-claim—to scale effectively. Transparency, data security, and trust are central to Avelia’s design.

“Energy Web is extremely proud to support Avelia, one of the world’s first blockchain platforms for SAF,” said Jesse Morris, CEO, Energy Web. “We are confident Avelia will provide credible and verifiable information about SAF by leveraging the power of blockchain and decentralized tech, which will help grow business demand and decarbonize the aviation industry.”

Jesse Morris, CEO, Energy Web

Lauren Uppink Calderwood, Head of Aviation, Travel and Tourism at the World Economic Forum, added: “Through the concerted effort of ambitious leaders in government and industry, we can accelerate the path to net-zero aviation by scaling the supply and use of SAF. We commend this programme’s participants for spearheading and testing an innovative model to help corporates manage and account for the mitigation of their aviation-related emissions.”

Lauren Uppink Calderwood, Head of Aviation, Travel and Tourism at the World Economic Forum

As part of the broader SAFc Framework and global push for clean aviation, Avelia’s launch provides a tangible, scalable solution to support decarbonization targets and build industry-wide momentum.

Follow ESG News on LinkedIn



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Envision Commissions World’s Largest AI-Powered Green Hydrogen-Ammonia Facility

July 11, 2025

ISS STOXX Launches Sovereign Climate Impact Report to Help Investors Address Transition Risk and Climate Disclosure

July 11, 2025

Microsoft and Carbon Direct Publish 2025 Standards for High-Quality Carbon Dioxide Removal

July 11, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20253 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

Santos, Xecta deploy industry-first digital oilfield project across Australia, Papua New Guinea

By omc_adminJuly 11, 2025

Houston-based technology company Xecta has expanded its partnership with global energy company Santos to scale…

Perenco acquires Trinidad producing assets from Woodside Energy

July 11, 2025

Envision Commissions World’s Largest AI-Powered Green Hydrogen-Ammonia Facility

July 11, 2025

Shell, Accenture, and Amex GBT Launch Blockchain Platform to Scale Green Jet Fuel

July 11, 2025
Top Trending

HSBC becomes first UK bank to quit industry’s net zero alliance | HSBC

By omc_adminJuly 11, 2025

California Releases FAQ to Guide Companies Beginning Mandatory Climate Reporting

By omc_adminJuly 11, 2025

‘It can’t withstand the heat’: fears ‘stable’ Patagonia glacier in irreversible decline | Glaciers

By omc_adminJuly 11, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

Coinbase Marketing Leader Di Sanborn Talks About Why Crypto Appeals to the Younger Generation

July 11, 20250 Views
Our Picks

Trump hints at sanctions for Russian crude, oil prices go up

July 11, 2025

Rising Phoenix Capital expands Midland basin footing with strategic acquisition

July 11, 2025

Perenco acquires Trinidad producing assets from Woodside Energy

July 11, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.