There are a lot of initiatives right now, even from oil majors. Some of them are in panic, realizing that fossil fuels are part of their DNA. Overnight, we’ve started seeing a color-coding game emerge where synthetic fuels are being baptized “green” even though in reality they aren’t. Carbon dioxide is a good example: If the source of CO2 is industrial, it isn’t green or biogenic – it’s grey. The truly distinguishing criterion is to make sure that sustainability is met across all elements of the value chain. Otherwise, you risk your credibility, your reputation – and you miss out on sustainability.
On the surface, the technology concept is relatively simple. All we need are two main ingredients. One is a lot of renewable energy, which is used to separate water into hydrogen and oxygen. Since the energy used to separate the water is renewable, solar PV or wind, it’s called “green” hydrogen, and all we’re doing is matching the green hydrogen with a biogenic source of carbon. So, we basically have two gases that are then converted through a synthesis process into an innovative, very sustainable and ultragreen aviation fuel. The reason why the airline industry is so interested is because there are basically no alternatives. With a GHG emission reduction potential of up to 100 percent, synthetic P2L fuels meet the highest sustainability criteria and in theory are abundantly available.