Both companies are dedicated to reaching the net zero emissions goal by 2050
Australian flag carrier Qantas and British oil and gas firm BP have formed of a strategic partnership aimed at furthering both companies’ ambitions to reduce carbon emissions.
The two corporations hope to work together to reduce levels of CO2, whilst contributing to the development of a sustainable aviation fuel industry in Australia.
“By bringing our complementary capabilities together, we can help each other and our customers, move at a faster pace on the energy transition journey,” said William Lin, BP’s executive vice president.
Collaboratively, the firms aim to explore projects in the areas of advanced sustainable fuels, advocacy for further decarbonisation within the industry, renewable power solutions and carbon management.
According to Andrew Parker, Qantas Group executive, the severe damage caused by the pandemic has not changed the company’s, “commitment to minimising the impact we have on the environment.
“Airlines globally have a responsibility to cut emissions and combat climate change, particularly once travel demand starts to return. The Qantas Group has set some ambitious targets to be net carbon neutral by 2050 and while offsetting emissions is a big part of that in the next few years, longer term initiatives like building a sustainable aviation fuel sector in Australia, are key,” he explained.
BP has been operating in Australia for over 100 years, presenting itself as one of the leading aviation fuel suppliers within the country with around 1,400 branded retail fuel sites.
Qantas is also a big contender within the sustainable aviation field, highlighting the same commitments as its partner company. The group has also committed to investing AU$50m (£28m) over the ten years, helping to develop the sustainable aviation sector.