SAF, sustainable fuel for aircraft, new business and employment

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That energy decarbonization is a business niche in Spain and no one doubts it. Different technologies are fighting to lead this growth and as such SAF, the Anglo-Saxon acronym for Sustainable Air Fuel or sustainable fuel for aviation in Spain, is one of the technologies that has gained the most momentum in recent months. This low-emission kerosene is one of the best allies that the aviation sector currently has to achieve the emissions reduction targets required by the European Union for 2030 and 2050. In Spain alone this process can generate a demand for five million tons of SAF per year in 2050. Demand of five million tons per year in 2050 But in addition to being a large consumer, "Spain can become one of the continent's strategic poles in the production of this fuel derived from waste," according to a study presented this Wednesday by PwC for Iberia and Vueling.

Spain is a country with a large amount of waste, raw material for SAF, which together with the cheap energy offered by renewables makes it one of the countries where the production of this green kerosene can be Russia Mobile Number List much more efficient. In this environment, PwC has estimated that with the launch of between 30 and 40 production plants throughout the country, Spain could cover all of its national demand and would have the capacity, in addition to producing large volumes to export to the international market. 32 production plants The study estimates that this new economic niche could contribute up to 56 billion euros to the Spanish GDP until 2050, only taking into account the impact of the construction and start-up of 32 production plants. To which are added 270,000 new jobs.



UK inflation remained stagnant at 8.7 per cent in May, above expectations for a fall to 8.4 per cent, marking the fourth month in a row that price rises have exceeded forecasts. With the cost of a wide range of goods and services rising sharply, the figures will reinforce expectations of multiple interest rate rises by the Bank of England, intensifying the mortgage "ticking time bomb" facing many households. Two-year gilt yields rose 0.156 percentage points on Wednesday after the data increased pressure on the BoE to do more to cool rising prices. The yield on two-year gilts hit 5.1% in early trading, the highest level since 2008. The BoE is expected to raise rates again on Thursday with an increase of at least 0.25 percentage points, from 4.5% to 4.75%. Following Wednesday's figures, the odds indicated by swap markets for an increase of more than 0.5 percentage points rose to around 40 percent.