Latest news with #KintetsuWorldExpress
Associated Press
3 days ago
- Business
- Associated Press
KWE and Shell Aviation Sign New Agreement on the Use of Sustainable Aviation Fuel (SAF)
TOKYO, JP / ACCESS Newswire / August 13, 2025 / Kintetsu World Express, Inc. (Tokyo, Japan) is pleased to announce that it has entered into a new agreement with Shell Aviation, regarding the use of Sustainable Aviation Fuel (SAF). KWE and Shell Aviation jointly participated in the market based measures framework pilot demonstration programme conducted by Smart Freight Centre in 2023. Since then, we have been engaged in discussions to establish a secure and convenient mechanism for the use of SAF's environmental benefits by aviation stakeholders, including freight forwarders and shippers, engaging in air freight activities. Under this agreement, we will adopt Shell Aviation's digital platform 'Avelia' to swiftly address shippers' low-carbon transportation needs. Avelia will help KWE to access the environmental benefits of SAF even when SAF is not physically available at their locations. It also offers a transparent, secure, and credible blockchain platform that ensures traceability, and helps to prevent erroneous double counting. Tatsuya Narasaki, Managing Officer at Kintetsu World Express, stated, 'We have identified the reduction of CO2 emissions and the promotion of renewable energy use as key sustainability challenges. To mitigate the environmental impact of our global operations, we are working to reduce CO2 emissions not only in Japan but also around the world. We are pleased to announce that our near-term and long-term net-zero emissions reduction targets have been formally approved by SBTi. SAF is a key component of our concrete efforts, and our collaboration with Shell Aviation represents a significant step forward for us.' Doris Tan, Head of Shell Aviation, Asia Pacific and Middle East, stated, 'We value our collaboration with KWE since the early days of the Smart Freight Centre's market based measures pilot. Through Avelia, we aim to accelerate SAF adoption and provide companies like KWE with a clear, scalable pathway to credible life cycle GHG emissions reductions* from aviation. This agreement marks another important step in making low-carbon air transport a reality for cargo stakeholders in Asia and beyond.' *For more information about Avelia, please visit: *Compared to conventional jet fuel Contact Information Mike Trejo (310) 627-3129 SOURCE: Kintetsu World Express press release
Associated Press
09-07-2025
- Business
- Associated Press
KWE Signs Additional Agreement With Cathay Pacific for Use of SAF
TOKYO, JP / ACCESS Newswire / July 9, 2025 / Kintetsu World Express, Inc. (Tokyo, Japan) is pleased to announce that it has signed an additional agreement with Cathay Pacific Airways (Hong Kong, China) for the use of Sustainable Aviation Fuel (SAF). Since 2021, KWE has been in discussions with Cathay regarding the use of SAF. In April 2022, KWE participated in Cathay's pilot SAF programme for corporate customers as one of the founding partners, which was highly acclaimed as an advanced initiative in Asia. In 2023, KWE signed a two-year contract to reduce its own Scope 3 emissions as well as to establish a mechanism for sharing SAF environmental attributes with KWE customers. This latest agreement expands into a three-year partnership, enabling KWE to procure SAF environmental attributes from Cathay through 2027. Major airlines have set a target of replacing 10% of their aviation fuel with SAF by 2030, but actual supply still accounts for less than 1% of total aviation fuel. Manufacturing costs remain high. Therefore, raising awareness and encouraging active participation by all stakeholders involved in air cargo is essential for the widespread adoption of SAF. Going forward, KWE will continue to leverage opportunities such as these to reduce its own Scope 3 emissions, provide customers with ongoing low-carbon transportation options, and contribute to fostering the momentum of SAF adoption, particularly in Japan and Asia. Contact InformationMike Trejo (310) 627-3129 SOURCE: Kintetsu World Express press release
