Marubeni Corporation has entered into a memorandum of understanding (MOU) with InvestSarawak, a Malaysian state government agency, to conduct a feasibility study on utilizing biomass resources for the production and sale of sustainable aviation fuel (SAF). The agreement, signed yesterday (14 May) in Sarawak, Malaysia, reflects a joint effort to address the pressing need for CO2 emission reduction in the aviation sector.
According to Marubeni, the International Civil Aviation Organization (ICAO) has implemented measures to curb CO2 emissions in response to global concerns. Recognizing SAF as a promising alternative to conventional jet fuel, Marubeni emphasizes the anticipated growth in demand for this low-carbon fuel.
Marubeni's green strategy, integral to its mid-term management objectives, underscores its commitment to sustainability and value enhancement. In collaboration with InvestSarawak, the corporation aims to foster new business opportunities, thereby contributing to the economic and industrial development of Sarawak state.
In a statement, Marubeni expressed its dedication to driving innovation and sustainability in the aviation industry through this partnership. “SAF has great potential as a new generation low carbon fuel to replace conventional jet fuel, and the demand for SAF is expected to grow,” the corporation stated, highlighting its proactive stance in addressing environmental challenges.
