Commodities trader STX Group enters the SAFc market and completes first trade

Environmental commodities trader STX Group has completed its first delivery of sustainable aviation fuel certificates (SAFc). The move is part of a series of SAFc trades by the company, which says it is aiming to expand the corporate buyers’ market access to SAFc and leverage its global sourcing network. SAFc has become an established market-based mechanism to decouple the environmental attribute of SAF from the physical product through a book-and-claim system, enabling corporates to reduce the climate impact of their business travel or airfreight Scope 3 emissions. STX believes its global presence and industry expertise will allow the sourcing of high quality SAFc at competitive prices, which will always be traded on a third-party public registry and third-party certified. Meanwhile, Dublin-based Future Energy Global recently concluded a first transaction on the CADO SAF Registry, established by IATA and other stakeholders, of SAF certificates to Microsoft.

SAF has emerged as a trusted solution to decarbonise the aviation sector, with corporate investment in SAFc supporting global SAF production scale-up and ensuring future SAF supply availability, said STX. The company points to the most recent SBTi Draft Corporate Net-Zero Standard guidance, published in March, that it says recognised SAFc as a key solution to meeting Scope 3 SBTi targets for business travel and airfreight emissions.

“We are thrilled to play a role in shaping the SAFc industry by bringing more liquidity to the market,” commented Fabian Roobeek, Managing Partner at STX Group. “Our long history of trading niche environmental commodity products underlines our role in enhancing liquidity on the new commodity markets. We are therefore well positioned to grow the SAFc industry further, help to scale production and provide access.”

Meanwhile, Future Energy Global’s transaction on the recently launched CADO SAF Registry marked the delivery to Microsoft of a first tranche of SAF Scope 3 certificates derived from Cathay Pacific Airways’ purchases of SAF.

Future Energy Global is working with airlines worldwide to source SAF and to develop markets in SAF credits. It is a member of the ‘early onboarding’ cohort of users of the IATA SAF Registry, now independently managed by the Civil Aviation Decarbonization Organization (CADO), as well as a certified book-and-claim trader with both RSB and ISCC.

“Our purpose in Future Energy Global is to scale SAF production by building a collaborative ecosystem involving all aviation stakeholders,” said the company’s CEO, Natasha Mann. “We’re proud to have designed this Scope 3 certificate transaction that has brough together Microsoft, Cathay Pacific and the SAF Registry.”

Photo (Cathay Pacific): Future Energy Global has delivered to Microsoft a first tranche of SAF Scope 3 certificates derived from Cathay Pacific Airways’ purchases of SAF