Victor and Air BP partner to launch carbon offset programme
The marketplace for private jet charters, Victor, has announced it will be working with Air BP and BP Target Neutral.
The firms have launched a carbon offset programme for private jet charters, aiming to place them and participating companies as leaders of industry environmental impact deadlines in Europe.
Victor and Air BP have already received signatures for the initiative from more than 50% of their customers.
Victor has received an increase of 46% (year-on-year) in the number of charter booked through its platform by operators that have signed the initiative.
78% of the firm’s customers which joined the scheme have received quotes for flights where carbon emissions for the fuel used will be offset.
Victor aims to use 100% carbon neutral fuel by 2020, according to the International Civil Aviation Organisation’ Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
“Victor continues to set an agenda for positive change across the private aviation industry. This programme, in collaboration with Air BP and BP Target Neutral, offers an instant opportunity for operators to advance their carbon reduction plans ahead of several crucial industry deadlines, whilst further validating the role of private aviation to the customer as a driver for global economic, social and cultural development,” stated Mike Ryan, the Co-Founder and Head of Supply at Victor.
“This is an important stepping stone in the journey towards a truly low carbon future,” he added.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.