Sport Japan’s Top Airline Faces Challenges in Sustainable Fuel Drive

03:31  27 october  2020
03:31  27 october  2020 Source:   msn.com

Japan’s Suga Slips in Poll Amid Dispute Over Academics

  Japan’s Suga Slips in Poll Amid Dispute Over Academics New Japanese Prime Minister Yoshihide Suga has seen his support rate take its first tumble since assuming office a month ago, over criticism he injected politics into a decision to reject nominees for an academic advisory council. A poll conducted by public broadcaster NHK between Oct. 9-11 found support for Suga’s cabinet had fallen by 7 percentage points to 55% compared with the previous month. About 47% of respondents said his decision on the advisory board was unacceptable and many also faulted him over border openings that they believe were done too quickly and could spread the coronavirus.

Challenges facing airline industry are familiar and persistent—Cyclical nature of business, slowing down of global economy, uncertainty of fuel prices, technology, Environment, and slow pace of liberalization. African airlines and Latin American airlines are struggling to survive even in the best of

But it is particularly challenging for airlines that burn fuel to propel their aircraft. Nonetheless, the industry (not just airlines but the whole value chain) has Over 1,500 commercial flights have been fueled by sustainable biofuels. The challenge is that biofuels are in short supply and expensive.

(Bloomberg) -- Japan’s largest airline has signed up for jet fuel made from renewable materials in Singapore in a small step toward more environmentally friendly travel that will add costs for an industry crushed by the coronavirus.

All Nippon Airways signed a preliminary agreement to start buying so-called sustainable aviation fuel from a Singapore refinery run by Finland’s Neste Oyj. The deal will be expanded from 2023 when Neste will have capacity to produce 1.5 million tons of SAF a year, ANA said in a statement. The Singapore plant is being enlarged to meet increased demand for diesel and jet fuel produced from waste vegetable and animal fats and oils.

China Urges Japan to Reflect After Suga’s Shrine Offering

  China Urges Japan to Reflect After Suga’s Shrine Offering (Bloomberg) -- China criticized Japan’s Prime Minister Yoshihide Suga for sending an offering to a shrine for Japanese war dead, saying it was a “negative action” and that the country should reflect on its war history. Foreign Ministry spokesman Zhao Lijian was responding to a question about Suga’s offering to the Yasukuni shrine, reported by Japanese broadcaster NHK on Saturday. The shrine honors 14 men convicted as war criminals and has long been a source of tension with China and others in the region who see it as a symbol of Japan’s past military aggression.For more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

IATA and its member airlines are committed to reducing fuel emissions and promoting the use of IATA member airlines and the wider aviation industry are collectively committed to ambitious Sustainable Aviation Fuels (SAF) have been identified as one of the key elements in helping achieve

With its nuclear sector nearly defunct, Japan has set its sights on hydrogen to fuel its economy and end Japan is the world's largest importer of liquefied natural gas (LNG) and among the top four coal and oil importers. That accelerated Japan ' s push toward sustainable energy. Its goal: to build a

Airlines can’t ignore the inevitable shift toward biofuels triggered by campaigns to tackle the effects of aviation on the environment, Hiroaki Sugimori, who manages ANA’s sustainability department, said in an interview. The “Greta effect” -- a reference to climate change campaigner Greta Thunberg -- means airlines must adapt even if it involves higher fuel costs.

“We can’t ignore this when we think about the reputational risk,” Sugimori said.

Japanese Prime Minister Yoshihide Suga set an ambitious target for his country to become carbon neutral by 2050 in his first policy speech to parliament since taking office as premier last month. However, the timing for a shift to higher-cost, sustainable fuel could hardly be worse for airlines struggling to cope with the pandemic. According to Kyodo, ANA is predicting a record full-year net loss of 530 billion yen ($5 billion).

Japan's plan to build missile defence system at sea faces mounting costs: source

  Japan's plan to build missile defence system at sea faces mounting costs: source Japan's plan to build missile defence system at sea faces mounting costs: sourceTOKYO (Reuters) - Basing Japan's missile defence systems at sea may cost at least twice as much to complete as its now-abandoned plans for Aegis Ashore ground-based sites and delay it to 2028, a person with knowledge of the plans told Reuters.

With sustainable fuels costing up to four times more than conventional fuels , “the cost is quite high”, said Lars The pressure to promote the use of sustainable fuels is driven by the growing realisation that even with the Virgin Atlantic and Japan ’ s ANA are among airlines committed to buying the fuel .

If airlines adopt sustainable fuel on some of the services in place of conventional fossil fuels , they could save around 80% on their carbon footprint for these more eco-friendly services. That’ s because SAFs are, as the name suggests, much more sustainable that dredging the earth for fuel .

Scarce Supply

Beyond the industry’s struggle to survive, any shift to sustainable aviation fuel will be hampered by scarce supply.

“There are a limited number of producers for SAF compared to the demand,” said Kohei Yoshikawa, manager of ANA’s fuel procurement department. “As we looked into it, we began to realize that it’s not easy to get.”

In a test, ANA received on Saturday its first cargo of 7 million liters shipped from one of Neste’s European refineries to Haneda airport near Tokyo.

Global SAF production this year of some 40 million liters accounts for only 0.015% of jet fuel market, according to the International Air Transport Association. Yet, the group views SAFs as a key solution to curb the industry’s emissions growth. These non-fossil derived fuels must meet sustainability criteria, including reduced carbon emissions, limits on fresh water consumption, no deforestation and no competition with food production, according to IATA.

Mike Espy’s Senate race in Mississippi is getting a fresh look from Democrats, including Barack Obama. Here’s why

  Mike Espy’s Senate race in Mississippi is getting a fresh look from Democrats, including Barack Obama. Here’s why Democratic Senate candidate Mike Espy is getting new attention in deeply red Mississippi as donations pour in after Ruth Bader Ginsburg's death."They don't think a Black man in Mississippi can win," the former agriculture secretary wrote on Twitter.

Finnair opting for sustainable aviation fuel is expected to boost the production of sustainable aviation fuel in Finland. Surge in demand for aviation fuel from military sector and rise in air transportation across the globe drive the growth of the global aviation fuel market.

Ace Belgium Freighters has officially changed its name to Challenge Airlines (BE) S .A., the brand new website is under construction! Ace Belgium Freighters a officiellement changé son nom en Challenge Airlines (BE) S .A., le tout nouveau site web est en construction!

Asia has lagged behind other regions in terms of policy support as well as political pressure favoring SAFs, said Robert Boyd, assistant director of aviation environment at IATA. Asian interest in SAFs has been only sporadic, he said.

chart: Cost of Cleaner Fuel © Bloomberg Cost of Cleaner Fuel

SAF has traded for several times the price of regular jet fuel in regions outside Asia in recent months. In Northwest Europe, the premium averaged 4.7 times the price of traditional jet fuel from mid-August, when S&P Global Platts started pricing SAF, to mid-October. On the U.S. West Coast, the premium was 3.5 times from mid-September to mid-October. Platts has yet to launch SAF prices in Asia.

Given the premium, ANA’s senior director of fuel procurement, Noriaki Muranushi, doesn’t expect SAF to “spread in popularity” without government support in the form of subsidies or incentives for domestic producers of sustainable aviation fuel as well as airline consumers.

“SAFs are challenged to compete on price with conventional jet fuel, absent incentives, and these challenges will remain going forward,” said Roman Kramarchuk, head of energy scenario, policy and technology analytics at S&P Global Platts.

While European policy makers are currently contemplating their own mechanisms, proactive airline action to reduce carbon emissions can help ensure SAF demand, even at higher prices, Kramarchuk said.

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.

Trump, Biden wait with the world for election results in a contest to decide course of America .
Millions voted in an election between Trump and Biden to determine how the US responds to COVID-19 pandemic, bolsters the economy and heals divisions.Millions turned out to polls for an election that will determine how to respond to a pandemic that has killed a quarter of a million Americans, bolster an economy that has taken a beating from the virus and heal deep divisions over racial injustice.

usr: 0
This is interesting!