to buy 500 million gallons of jet fuel refined from corn from Englewood, Colorado-based Gevo Inc.
American has set goals of reducing greenhouse gas emissions by 2035, and achieving net-zero emissions by 2050. The company intends to reduce its emissions per unit of passenger and cargo payload that the airline transports, by 45% by 2035, compared to a 2019 baseline. American also committed to reducing its emissions from the production of electricity the airline purchases by 40%.
“As the world’s largest airline, American has a responsibility to exercise leadership in making aviation sustainable," Chief Financial Officer Derek Kerr said in a statement."Our investment in Universal Hydrogen represents a vote of confidence for green hydrogen as a key element of a sustainable future for our industry.”
Universal Hydrogen anticipates starting hydrogen deliveries for regional aircraft in 2025, with plans to expand its services to larger, single-aisle aircraft — first for auxiliary power in the late-2020s and then as a primary fuel by the mid-2030s. “This move by American is a strong signal that customers want a true zero-emissions solution for passenger aviation and are willing to back tangible, pragmatic steps to get there quickly," Universal Hydrogen CEO Paul Eremenko said in a statement.
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