U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated 
Elon Musk Explores Possible Tesla-SpaceX Merger Amid Growing AI Investments 
SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target 
DOJ Investigates Group Linked to Reid Hoffman Over E. Jean Carroll Lawsuit Funding 
Dell Raises 2027 Revenue Forecast as AI Server Demand Drives Record Quarterly Results 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook 
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 
Samsung to Invest $1.5 Billion in Vietnam Semiconductor Testing Plant by 2027 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets 
Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs 
Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion 
Snowflake Stock Soars 30% After Q1 Earnings Beat and Major AWS AI Partnership 
GS Caltex introduces a sustainable aviation transition, procuring Finland's Neste renewable fuel for a Korean Air cargo flight to Los Angeles. This historic collaboration marks the first foreign-sourced SAF for domestic Korean use.
Korea's second-largest refiner, GS Caltex, secured the SAF supply from Neste, the world's leading producer of renewable diesel and jet fuel derived from waste and residues. In a statement, GS Caltex acknowledged this achievement but declined to disclose the deal's value or supply volumes.
The Korean Air cargo plane, departing from Incheon International Airport, will fill 2 percent of its fuel tank with SAF before embarking on its journey to Los Angeles at 5:45 p.m. local time.
Expressing his enthusiasm for this cross-border collaboration, Sami Jauhiainen, the acting executive vice president at Neste's renewable aviation business unit, stated that this marks the first time that their SAF has been delivered to Korea and that they look forward to further expanding their cooperation with both Korean Air and GS Caltex in the future."
In line with this, GS Caltex actively seeks opportunities to supply renewable jet fuel to other domestic airlines. Meanwhile, Korean Air has committed to conducting six demonstration flights using SAF on cargo planes destined for Los Angeles by November.
The success of these demonstration flights will aid the government in establishing essential standards regarding renewable aviation fuel quality, safety, and fuel efficiency, as stated by Korean Air.
It's worth noting that Korean Air has been utilizing SAF on its passenger jets flying between Paris and Incheon since February last year, aligning with global efforts to curb carbon emissions. However, SAF is not currently employed on passenger flights from Incheon to Paris.
Renewable aviation fuel, a viable and sustainable alternative to conventional fossil-based jet fuel, garners international recognition as a crucial solution for achieving emission reduction objectives within the aviation industry. The benefits of sustainable aviation fuel will ultimately contribute to the sector's ambitious emission reduction goals.
Photo: Korean Air Newsroom
