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NorthAmOil NEWS IN BRIEF NorthAmOil

MOVES provider of information and benchmark aviation sector itself, rather than through the
prices for the commodities and energy purchase of outside offsets – even as consumer
Venture Global LNG markets, today announced the launch of the awareness grows around the environmental
first-to-market Sustainable Aviation Fuel
impact of transportation.
announces leadership (SAF) price assessment for the Americas, S&P GLOBAL PLATTS, September 21, 2020
aimed at bringing transparency to a
changes developing market as the airline industry ENERGY TRANSITION
embraces energy transition. This follows
Robert Pender and Michael Sabel, founders, the Platts launch of Europe’s first-ever
co-chairmen and co-CEOs of Venture Global independent price references for sustainable Biodiesel-powered
LNG, jointly announced today an upcoming aviation fuel on August 17, 2020.
change in corporate governance for the Ian Dudden, global content director, vehicles wrap and roll
company. With the approval of the board of metals and agriculture at S&P Global Platts,
directors, effective October 1, 2020, Mr. Sabel said: “The commitment to decarbonisation Newly branded vehicles highlighting
will assume the role of CEO of the company is alive and well within the airline sector, biodiesel’s sustainability and emissions
and Mr. Pender will continue to serve the despite the travel-related demand devastation reduction benefits are rolling along city streets
company as executive co-chairman, a new brought about by the coronavirus pandemic. and interstate highways from the nation’s
officer position, supporting the company While the spot physical market for Sustainable capital, to Texas oil country, up the California
and the CEO on key strategic and financial Aviation Fuels is in its infancy, we’re pleased coast and throughout the Midwest.
matters. Mr. Pender will continue to serve on to be facilitating this market’s emergence with The National Biodiesel Board (NBB) today
the company’s board of directors, together our new cost-based price assessments, which announced that eight biodiesel users from
with Mr. Sabel, both as executive co-chairmen allow for side-by-side comparisons between across the country received matching funds
of the board. hydrocarbon-based jet fuel and a green to share their biodiesel success stories with
Mr. Pender stated, “It has been an alternative.” wraps, decals or other vehicle branding efforts.
exhilarating decade working with Mike As recently as September 14, 2020, the Biodiesel cuts carbon and other pollutant
to create Venture Global LNG and to oneworld alliance of 13 major airlines around emissions substantially, reducing health
help reshape the global LNG industry. In the world, along with their affiliates, pledged impacts in many communities.
particular, through Venture Global, we are to achieve carbon neutrality by 2050. While “NBB’s annual Vehicle Branding
so proud that we have materially reduced members such as British Airways parent Program is a great way to increase awareness
the cost of LNG at a critical moment of IAG, Japan Airlines, Qantas and Finnair had of biodiesel’s benefits as these vehicles
transition for the world’s energy needs. We previously set such targets for themselves, log thousands of miles throughout the
have succeeded in large part because of the they are now being joined by major US carrier country,” said Kaleb Little, NBB director of
singular focus we have both personally fully American Airlines, also with Alaska Airlines communications. “This year’s winners are
invested, now I need to step back a bit. There as a oneworld member-elect. featuring NBB’s new tagline, “Better, Cleaner,
is no person I trust more than Mike to lead In the US and Canada, the aviation Now” which tells the biodiesel story simply.
this company we created together into the industry in 2019 accounted for around 5%, or Biodiesel is better and cleaner than petroleum
future. I remain fully committed to Mike, the nearly 300 million metric tons of total energy diesel – with proven environmental, health
company and its success, but in a different CO2 emissions annually, according to S&P and economic benefits – and is ready to use
role where I can add the highest value and at a Global Platts Analytics, equivalent to 250 kg of now.”
more balanced pace.” CO2 emitted per thousand passengers carried. NATIONAL BIODIESEL BOARD, September 21,
Mr. Sabel added: “Bob and I have worked With increased focus on transitioning 2020
together as partners for over 10 years, and towards a lower carbon future, cleaner fuels
more important than the milestones achieved are emerging as a compelling solution to
have been the friendship and the time spent achieve emissions reductions within the
together grinding through challenges and
building our team. The success we have
achieved would not have been possible
without Bob’s leadership, guidance, intellect
and energy. While roles are changing a
little bit, the partnership, collaboration and
intensity will continue for many years to come
as we continue to grow our business.”
VENTURE GLOBAL LNG, September 21, 2020
S&P Global Platts launches

first sustainable aviation
fuel price assessments in

Americas

S&P Global Platts, the leading independent

P18 www. NEWSBASE .com Week 38 24•September•2020