Transportation accounts for 18% of global CO2 emissions today, while aviation is only 2%. Heavy-duty transportation including aviation, rail, shipping, and trucking are poised to grow in their share of emissions as other modes of transport reduce their emissions. By comparison, emission reduction for light-duty vehicles is easier through electrification; however, the same cannot be said for heavy-duty vehicles. This is particularly true for commercial aviation. Aviation activity occurs at high altitudes where the earth’s atmosphere is especially sensitive to emissions and the impacts are more intense. It’s clear that something needs to be done quickly to curb the effects of GHG emissions from heavy transport. What can we do now?
Renewable fuels including renewable diesel (RD) and sustainable aviation fuel (SAF) represent the best way to reduce carbon emissions for heavy-duty transportation in the immediate future. A blend of 30% SAF in a jet fuel leads to a 60% reduction in CO2 emissions on a life-cycle basis according to United Airlines, the world’s largest SAF user today. By producing low-carbon fuels that can utilize the infrastructure and the vehicles we already have now, we can decarbonize very quickly! We simply need to blend the renewable fuels with existing fossil fuels. This is the fastest and most cost-effective way to curb emissions.
Refuel is making every effort to ensure our entire value chain minimizes carbon emissions. We do this because we believe this is the best way to ensure clean air for future generations, but also because we want to provide our customers with the lowest carbon intensity fuel possible. This thinking guides our decisions at every step throughout the value chain, from feedstock handling, collection, and conversion to fuel, as well as blending, delivery, storage, and use of the finished fuels by our customers.
Refuel Energy Inc. is planning a renewable fuel production facility (Refuel YYZ) for the Toronto area and expects to start production in early 2025. The Refuel YYZ facility will create many job opportunities and other socio-economic benefits for the Greater Toronto Area.
Refuel YYZ will produce renewable diesel (RD), sustainable aviation fuel (SAF), and renewable hydrogen for the domestic market. The facility is also strategically located for export. These fuels will reduce emissions by up to 80% compared to fossil fuels used today. Refuel will continue to pursue ways to reduce emissions even further. This will be a significant step toward helping Canada to meet climate objectives.
Where the true cost of carbon emissions is considered, as appropriate carbon pricing is applied in several jurisdictions worldwide, it is evident that renewable fuels are attractive from an environmental, social, AND economic perspective.
We are excited to take this concept to new locations and develop additional projects in the near future!