March, 1st 2024
800 million liters/year
NuSAFuel™
Air New Zealand (ANZ) & SummitNuSolutions (SUMMIT) signed a MOU, to Supply 800 million Liters of NuSAFuel™ per year by the end of 2050. By signing this contract with SummitNuSolutions, Air New Zealand sets the goal to achieve a meaningful reduction of their CO2 emissions, replacing 63% of the 8.5 million barrels per year of JetFuel to, NuSAFuel™ This transition is not expected to have any impact on ticket prices as NuSAFuel™ cost, without subsidies, is comparable to Fossil JetFuel. Air New Zealand's Shareholders and Investors will benefit, besides the "Good Will" generated on consumers/passengers, of a Positive(+) impact on the company's revenue by decreasing it's environmental taxation costs, that are expected to keep rising. The Production Facility will be located in New Zealand's Aukland region and it will generate 1800 new Jobs. The Industrial operation's facility will start being built in the 1st quarter 2026 and it will be already producing 300 million liters/year of NuSAFuel™, by the end of 2030. Embracing this new technology will allow ANZ to become a Leading Commercial Airline on the path to Net Zero