Global travel and tourism IT provider Amadeus has bought a minority stake in German alternative fuel company Caphenia.
Caphenia is a future producer of synthesis gas, which is the feedstock for sustainable aviation fuel (SAF), which in turn is the key component for the aviation sector and airlines the world over to eventually reach their net zero emissions targets.
The German company has developed a method of producing SAF more affordably and in a more scalable manner.
According to aviation industry group IATA, SAF could account for 65% of emissions reductions in the airline sector.
Suzanna Chiu, head of ventures at Amadeus said: “At Amadeus, we are committed to supporting the move to sustainable travel. We monitor industry trends and developments to determine the most effective ways we can fulfil this ambition and are delighted to act today with the investment in an innovative SAF company. The transaction represents a step forward in our sustainability strategy, taking the perspective from a different part of the value chain in the industry. As the industry moves toward its goal of reaching net zero by 2050, we are taking concrete steps to accelerate the process.”
