JETEX INTRODUCES SUSTAINABLE AVIATION FUEL BOOK & CLAIM

Jetex signs a milestone agreement with 360 Jet Fuel Ltd. to offer sustainable aviation fuel (SAF) book and claim option to its customers globally. Through the innovative 360 GREEN FUEL book and claim platform, Jetex aims to offer greater flexibility and accessibility to SAF.

Dubai, United Arab Emirates, May 23, 2023 (GLOBE NEWSWIRE) — Jetex entered in an agreement with 360 Jet Fuel Ltd. to offer its customers more flexibility and wider access to sustainable aviation fuel (SAF).

SAF is a liquid fuel currently used in commercial aviation which reduces CO2 emissions by up to 80%. It can be produced from a number of sources including waste oil and fats, green and municipal waste and non-food crops. It can also be produced synthetically via a process that captures carbon directly from the air.

Part of what makes SAF sustainable is ensuring sustainability in its supply chain. Transporting SAF to a specific airport or flight is not always possible and could lead to higher greenhouse gas emissions. The Book & Claim system provides a solution for these situations.

The new 360 GREEN FUEL book & claim system allows Jetex customers to source SAF based on their total aviation footprint in one transaction, rather than sourcing through each location individually. This means that SAF can be sourced for flights out of airports that do not have SAF supply available.

Sourcing SAF on a Book & Claim basis will allow purchasing any volume of SAF, including 100% of fuel needs or a carbon neutral scenario, without technical limitations such as blending limits.

Jetex customers will be able to claim the C02 emission reduction they achieved by the amount of fossil fuel replaced with SAF acquired They will receive a certificate specifying the amount of SAF purchased and an audited statement outlining the corresponding CO2 reduction. This documentation can be utilized for sustainability reporting purposes.

To ensure credibility and verifiable emission reductions, 360 Jet Fuel sources physical SAF quantities from ISCC+ certified suppliers, guaranteeing full traceability of the claimed amounts, and ensures delivery to an airline partner within the aviation sector. The solution provided by 360 Jet Fuel undergoes rigorous third-party auditing, ensuring traceability to each delivery batch and eliminating any doubts of double claiming.

The new agreement takes Jetex a step closer to being fully carbon-neutral globally and is aligned with IATA’s commitment to achieving 65% SAF share by 2050.

Click here to see Adel Mardini, Founder & CEO of Jetex, on progressing the sustainability agenda.

About Jetex:
An award-winning global leader in executive aviation, Jetex is recognized for delivering flexible, best-in-class trip support solutions to customers worldwide. Jetex provides exceptional private terminals (FBOs), aircraft fueling, ground handling and global trip planning. The company caters to both owners and operators of business jets for corporate, commercial and personal air travel. To find out more about Jetex, visit www.jetex.com and follow us on Instagram, Twitter, Facebook, and LinkedIn.

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Oleg Kafarov - Director of Portfolio Development & Corporate Communications
Jetex
+971 4 212 4900
teamorange@jetex.com

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Indonesian, Iranian Presidents Discuss Boosting Cooperation

Indonesian President Joko Widodo met Tuesday with his Iranian counterpart Ebrahim Raisi, who is visiting Jakarta.

During the meeting, they discussed aspects of cooperation between the two countries, in addition to discussing the latest developments at the global level.

Following the meeting, officials of the two countries signed 11 documents and cooperation memoranda, including preferential trade agreement, visa cancelation, promoting cultural exchange and cooperation in the areas of sciences and technology in oil and gas, along with other fields.

The three-day visit by Iranian president will include meetings with merchants and businessmen from the two countries, which is the first official visit of an Iranian president to Indonesia in 17 years. (QNA)

Source: Qatar News Agency

Syria calls on international community to help remove coercive measures imposed on country

Activities of the 76th session of the World Health Assembly continue in Geneva with the participation of Syria.

Health Minister, Hasan al-Ghabbash expressed in a speech at the conference his appreciation for the exerted efforts to rise awareness about health in general , hoping that the aspired-for expectations would be realized to help boost Health systems in countries of the region.

Al-Ghabash thanked friendly and brotherly countries that stood by Syria during the catastrophe of devastating earthquake which left thousands of victims, thus the health system “ found itself again in front of a tough humanitarian situation to add to the repercussions of war and coercive measures that doubled volume of suffering.

He called for applying the resolutions of WHA on the health conditions in the occupied Palestinian territories, including Jerusalem, and occupied Syrian Golan.

The Minister appealed to all countries to stand by Syria and lift the inhumane coercive measures imposed on the Syrian people.

Source: Syrian Arab News Agency

GCC Secretary-General Meets IAEA Deputy Director General

Secretary-General of the Cooperation Council for the Arab States of the Gulf (GCC) Jassim Muhammad Al Budaiwi met on Tuesday with Deputy Director General and Head of the Department of Safeguards at the International Atomic Energy Agency (IAEA) Massimo Aparo, in the Austrian capital, Vienna.

During the meeting, Al Budaiwi affirmed the GCC's interest in strengthening cooperation with the IAEA. They also discussed areas of cooperation between them, and the programs offered by the agency in supporting the GCC countries for the peaceful use of nuclear technology.

GCC Secretary-General stated that they discussed nuclear energy programs in the Middle East region and the ways GCC states can benefit from the IAEA's global network on nuclear safety and security. (QNA)

Source: Qatar News Agency

Qatar Economic Forum/ Iraq Minister of Oil to QNA: Qatar Interested in Developing Iraqi Energy Projects

HE Minister of Oil of the Republic of Iraq Oil Minister Hayan Abdel Ghani confirmed today the State of Qatar's interest in participating in obtaining rights for oil and gas exploration in his country, which were announced today at Qatar Economic Forum.

His Excellency told Qatar News Agency (QNA) that the forum was an opportunity to announce a number of energy projects that Iraq wants to develop in the coming period, especially the fifth and sixth round that include 19 blocks in the Western side in the country.

His Excellency said that he discussed activating a number of projects in Iraq with HE Minister of State for Energy Affairs, President and CEO of QatarEnergy Eng. Saad bin Sherida Al Kaabi, calling on international companies to participate in these rounds, given the role these investments play in generating electricity and securing financial resources to Iraq.

Qatar Energy had agreed to own a 25 percent stake in the Gas Growth Integrated Project in Iraq (GGAT), which aims to develop natural gas resources in the country. The project's coalition is 30 percent owned by Basra Oil Company, with 45 percent owned by TotalEnergies, and QatarEnergy with 25 percent. This was achieved after wrapping up all contractual requirements and obtaining regulatory approvals. (QNA)

Source: Qatar News Agency