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Home » Avelia Expands into Air Freight with Decarbonization Focus

Avelia Expands into Air Freight with Decarbonization Focus

A Blockchain-Powered Solution for Sustainable Air Cargo

Kelly Cromley by Kelly Cromley
Nov 22, 2024
in Market News, News
Reading Time: 2 mins read
0
avelia air freight blockchain decarbonization

Avelia has announced its entry into the air freight sector with the launch of Avelia Air Freight Solutions. Building on its established success in business travel, where it facilitated the delivery of over 18 million gallons of Sustainable Aviation Fuel (SAF) and achieved CO2e reductions equivalent to over 290,000 transatlantic flights, Avelia is addressing the urgent need for sustainability in air freight. By leveraging blockchain technology, the company’s platform aims to help freight forwarders and their customers reduce greenhouse gas emissions through the verified allocation of SAF environmental benefits across the value chain. This development is positioned as a key driver of aviation’s broader decarbonization efforts.

Addressing Emission Challenges in Air Freight

With air transport responsible for carrying approximately 35% of global trade by value annually, the sector contributes significantly to aviation emissions. Estimates from 2018 attribute 19% of all aviation emissions to air freight, a figure that has likely grown, given a 25% increase in air cargo flight volume by 2023 compared to 2019. The task of managing emissions for freight forwarders and their clients involves navigating complex processes related to tracking, reporting, and coordination across global supply chains.

To meet this challenge, Avelia has introduced a mechanism enabling freight forwarders to allocate SAF’s environmental attributes to their customers. This feature allows both stakeholders to incorporate these attributes into their emissions reporting and demonstrate progress toward sustainability goals.

Customizable Platforms and Transparent Tracking

Avelia’s platform has been tailored to meet the unique needs of the air freight sector. Freight forwarders can now integrate Avelia’s SAF programmes into their existing frameworks or adopt bespoke solutions designed to meet their clients’ needs. Powered by blockchain technology, the platform ensures secure, transparent, and reliable tracking of SAF environmental benefits, providing verifiable data for freight forwarders and shippers alike.

Innovative Approaches to Sustainable Aviation

Avelia’s leadership in the adoption of SAF has been built on its innovative approach to addressing high costs and operational challenges. By facilitating the sharing of SAF’s environmental attributes among physical fuel users and organizations aiming to meet sustainability targets, Avelia fosters broader participation in the adoption of SAF. This initiative supports freight forwarders in offering emission reduction programmes that not only align with regulatory requirements but also enable their shipping customers to benefit from emissions disclosures tied to SAF adoption.

Proven Impact and Broader Integration

Since its launch in 2022, Avelia has established itself as a reliable provider of SAF solutions, achieving milestones that include external verification aligned with ISO 14064-3 standards and SAF delivery across 13 major global airports. The platform has been integrated into the existing global fuel network and recognized by over 35 airlines and corporations for its contribution to sustainable aviation.

By expanding into air freight, Avelia is creating new opportunities across the aviation value chain. Its solutions promise to accelerate SAF adoption, enabling stakeholders to take meaningful steps toward decarbonization. This development not only aligns with global sustainability objectives but also redefines how emissions are managed within the rapidly evolving air freight sector.

A Pathway for the Future

Avelia’s entry into air freight signifies a strategic move to address one of the aviation industry’s most pressing challenges. Through innovative solutions that combine blockchain technology and SAF, the company is poised to transform air logistics by enabling emissions transparency, promoting sustainability, and fostering global collaboration in decarbonization.

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