Phoenix Collaborates with Lufthansa Group for Third Time to Procure SAF Fuel

Travel company Phoenix (5706-TW) announced today (29) that it will collaborate for the third time with Germany's Lufthansa Group to procure Sustainable Aviation Fuel (SAF). The initiative aims to support and promote SAF to reduce the environmental impact of air travel, emphasizing that the travel industry must confront the ecological consequences of tourism.

Phoenix stated that addressing global warming and climate change makes the use of Sustainable Aviation Fuel (SAF) an urgent priority. Compared to conventional jet fuel, SAF can reduce carbon emissions by up to 80%. The company will continue partnering with the Lufthansa Group to support and promote the adoption of sustainable fuels.

Sustainable Aviation Fuel (SAF) is aviation fuel produced without fossil resources, manufactured from various feedstocks including biological and non-biological materials. Currently, most SAF is derived from bio-residual waste such as used cooking oil.

Lufthansa Group's Sustainable Flight SAF program involves purchasing SAF beyond the regulatory mandated quotas. The airline group reported that by 2025, the total volume of sustainable aviation fuel sold will exceed twice the previous year's amount. Globally, approximately 1,700 companies are investing in alternative aviation fuels through its corporate customer program.

Phoenix emphasized its long-term commitment to environmental sustainability, stating that integrating ESG principles into corporate operations marks a significant milestone for the company.