LAC governments hold the potential for stimulating SAF production in Latin America and Caribbean
Source: ALTA Paraguay, Panama and Brazil are the only countries in Latin America and Caribbean where there are currently projects for the production of Sustainable Aviation Fuel (SAF), the input that will allow the aviation industry to largely reach the goal of zero net emissions by 2050, shared José Ricardo Botelho, ALTA's Executive Director & CEO, during the Civil Aviation General Directors Meeting, hosted by the South American Regional Office of the International Civil Aviation Organization (ICAO). During his presentation, Botelho addressed two major challenges: first, the urgency of increasing the availability of SAF, as the global industry will require an annual production of 449 billion liters to supply itself by 2050. Secondly, high procurement prices, as by March 20, [...]