Samsung E&A and Korean Air will collaborate to enter the U.S. sustainable aviation gas (SAF) market.
Samsung E&A and Korean Air introduced on Nov. 21 that they signed a memorandum of understanding (MOU) for SAF cooperation on Nov. 20. The signing ceremony was attended by key officers from each corporations, together with Samsung E&A President Namkoong Hong and Korean Air Vice Chairman Woo Ki-hong.
This settlement encompasses discovery and overview of abroad SAF manufacturing initiatives, overview of participation in long-term SAF purchases and mutual assist, overview of investments in SAF-related new applied sciences and initiatives, and Korean Air’s participation as a companion in Samsung E&A’s SAF expertise alliance.
Via this collaboration, each corporations have agreed to work intently collectively to determine secure SAF manufacturing and provide chains whereas discovering associated enterprise alternatives by using their respective experience and networks. As a precedence, each corporations plan to concentrate on the U.S. market and start a full-scale overview of native venture participation. America is attracting consideration within the SAF manufacturing market because it has considerable uncooked supplies needed for SAF manufacturing and possesses world-class expertise and infrastructure.
Each corporations are anticipated to deal with roles masking the start and finish of SAF manufacturing. Samsung E&A will take part in initiatives with its plant execution expertise capabilities, whereas Korean Air will function a requirement supply buying SAF produced on the constructed crops.
Samsung E&A is at present reviewing participation in second-generation SAF manufacturing plant development initiatives being pursued regionally in the US, primarily based on its experience within the EPC (Engineering, Procurement, Development) discipline. Samsung E&A plans to use gasification-Fischer-Tropsch primarily based second-generation SAF manufacturing expertise that gasifies woody waste at excessive temperatures after which converts it again into liquid gas. This expertise can broaden the vary of uncooked supplies to incorporate non-edible, waste biomass equivalent to waste wooden, overcoming the restrictions of first-generation SAF that would solely use restricted uncooked supplies equivalent to used cooking oil, and is a next-generation expertise with vital carbon discount results.
Korean Air is reviewing taking part as an offtaker that will buy SAF produced there on a long-term foundation. Offtakers play a necessary position in stabilizing the inspiration of latest power companies by buying manufacturing volumes on a set foundation for a sure interval.
A Samsung E&A official mentioned, “By collaborating with Korean Air, a worldwide offtaker, from the preliminary phases of SAF initiatives, we’ll improve venture feasibility and achieve consumer belief to start full-scale market penetration,” including, “We’ll broaden participation in new companies within the power transition discipline and develop them as drivers for mid-to-long-term sustainable progress.”
