Korean Air has decided to cooperate with Yusen Logistics, a Japanese global logistics company, on the use of eco-friendly aviation fuel.
Korean Air announced on the 10th that it recently signed a 'Sustainable Aviation Fuel (SAF) cooperation program participation agreement' with Yusen Logistics. The signing ceremony held at Yusen Logistics' headquarters in Tokyo, Japan was attended by key officials from both companies, including Eom Jae-dong, head of Korean Air's cargo business division, and Eisuke Fukagawa, head of global air forwarding at Yusen Logistics.
According to this cooperation agreement, Korean Air has welcomed Yusen Logistics as its first cooperation partner as a Japanese forwarder. The two companies agreed to promote the use of SAF and raise awareness in the Asian region and to participate in the aviation logistics industry's response to climate change.
Eom Jae-dong, head of Korean Air's cargo business division, said, "We are pleased to welcome Yusen Logistics as a partner, and it is very meaningful to be able to join in revitalizing the use of SAF in Asia." He added, "We will continue to strengthen cooperation with our customers to contribute to decarbonization." “We plan to strive for sustainable development of the cargo industry,” he said.
Yusen Logistics Global Air Forwarding Eisuke Fukagawa said, “Yusen Logistics is working to achieve the goal of carbon neutrality by 2050,” and added, “Through our partnership with Korean Air, we can support our customers’ decarbonization and contribute to the expansion of SAF supply.” “I hope it will happen,” he said.
SAF is aviation fuel made from eco-friendly raw materials such as animal and vegetable oil, seaweed, and city waste gas, rather than existing fossil resources such as oil or coal. Although it is 2 to 5 times more expensive than existing aviation fuel, it can reduce carbon emissions by up to 80%. The European Union plans to mandate the use of SAF for aircraft using its own airports starting in 2025, and the United States is providing tax credit benefits, leading to an increase in adoption around the world.
Korean Air has been operating the 'SAF Cooperation Program' in which cargo transportation partners participate from September 2023. This is the first in the domestic air cargo sector. The key is to build an eco-friendly logistics ecosystem by participating in the purchase of SAF used for cargo transportation, and for Korean Air to share carbon emissions reduction results from the use of SAF with partners. Korean Air announced plans to continue to cooperate with customers, the government, and oil refineries to lay the foundation for the use of SAF in the country.