Chevron | September 08, 2021
Chevron U.S.A. Inc., through its Chevron Products Company division (Chevron), Delta Air Lines (Delta), and Google today announced a memorandum of understanding (MOU) to track sustainable aviation fuel (SAF) test batch emissions data using cloud-based technology.
Sustainable aviation fuel is produced from biofeedstocks that can reduce lifecycle carbon intensity significantly when compared to conventional jet fuel. The companies hope to create a common, more transparent model for analyzing potential greenhouse gas emissions reductions that could then be adopted by organizations considering SAF programs. Through this project, Chevron plans to produce a test batch of SAF at its El Segundo Refinery and to sell SAF to Delta at Los Angeles International Airport (LAX), a major global hub for Delta’s fleet.
“As aviation continues to define a more sustainable future, understanding the environmental impacts of our operations will be paramount as we look to mitigate climate change,” said Amelia DeLuca, Delta’s managing director of Sustainability. “On top of being the first carbon neutral airline on a global basis, we’ve pledged to replace 10 percent of our jet fuel with SAF by 2030. This partnership has the potential to help us achieve that goal while providing important data and analytics that demonstrate the environmental integrity of our commitment.”
“This MOU builds on our previously announced effort to be the first refiner in the U.S. to ratably co-process biofeedstocks in an FCC through a capital-efficient investment program,” said Andy Walz, president of Americas Fuels & Lubricants for Chevron. “The data sharing and transparency component of this partnership will help us better understand the emissions from sustainable aviation fuel production and delivery, supporting our goal to advance lower carbon fuels.”
In parallel, Google Cloud plans to build a data and analytics framework to securely ingest and analyze emissions data from Delta and Chevron related to the SAF test batch. The goal of the pilot will be to provide better visibility into data from their project, allowing for greater transparency and improved reporting of SAF emissions.
“Google Cloud has a history of pioneering emissions reduction technologies and we’re looking forward to exploring the use of data and analytics capabilities to advance renewable fuel understanding and adoption,” said Larry Cochrane, director, Global Energy Solutions, Google Cloud.
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. To advance a lower-carbon future, we are focused on cost efficiently lowering our carbon intensity, increasing renewables and offsets in support of our business, and investing in low-carbon technologies that enable commercial solutions.
From being the first and only U.S. airline to voluntarily cap greenhouse gas emissions at 2012 levels to last year’s commitment to be the first carbon-neutral airline globally, Delta has a longstanding commitment to sustainable air travel. Delta was the No. 1 airline named among America’s Most Sustainable Companies by Barron’s in 2020, the only U.S. airline included in the 2021 S&P Sustainability Yearbook and has received the Vision for America Award by Keep America Beautiful and Captain Planet Foundation's Superhero Corporate Award. Delta has also earned a spot on the FTSE4Good Index for six consecutive years and the Dow Jones Sustainability North America Index for ten consecutive years.
About Google Cloud
Google Cloud accelerates organizations’ ability to digitally transform their business with the best infrastructure, platform, industry solutions and expertise. We deliver enterprise-grade solutions that leverage Google’s cutting-edge technology – all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.
Castlelake | September 30, 2021
Castlelake, L.P., a global alternative investment firm and experienced leader in aircraft investing, leasing and servicing, today announced the creation of Castlelake Aviation Limited ("CA"), a corporate lessor of commercial aircraft that will finance a portfolio of modern, young, fuel-efficient aircraft.
We are thrilled to create Castlelake Aviation Limited, which is an exciting and natural next step in the evolution of our industry leading aviation finance business. This is a powerful demonstration of our commitment to staying at the forefront of the aviation financing industry and ensuring we are well positioned to nimbly provide bespoke financing solutions to our partners.
- Evan Carruthers, Managing Partner and Co-Founder of Castlelake.
The formation of Castlelake Aviation Limited builds on Castlelake's history of innovation in aviation finance and follows its establishment of an aviation lending business in late 2020 and its reopening of the aircraft ABS market with Castlelake Aircraft Structured Trust 2021-1 in January 2021, the first such transaction to be completed since the beginning of the global COVID-19 pandemic.
Since its inception, Castlelake has invested more than $14 billion in aviation related opportunities. With a team of over 60 aviation professionals who have experience with nearly all commercial aircraft types, the firm currently directly manages and services a global fleet of more than 350 aircraft operated by a diverse range of customers, including the world's leading airlines across more than 50 countries around the globe.
CA will directly benefit from this differentiated expertise and senior Castlelake aviation leaders, including Joe McConnell and Otto Verhoeff, who will serve on CA's Board and be directly involved in the development, execution and oversight of its growth strategy.
Upon its formation, CA's initial portfolio will be composed primarily of next generation, narrowbody aircraft on long-term leases to leading international airlines and CA will maintain a similarly high-quality, fuel-efficient fleet by utilizing Castlelake's robust trading and re-marketing capabilities. Additionally, CA's growth trajectory will be supported by Castlelake's extensive near-term pipeline of investing opportunities, including active negotiations for over 40 aircraft representing over $2 billion in potential investments, primarily in newer technology assets.
CA's portfolio will be financed by a mix of secured and unsecured debt instruments in addition to equity capital provided by funds managed by Castlelake.
Castlelake, L.P. is a global alternative investment manager focused on opportunistic investments in real assets, specialty finance and aviation. Founded in 2005, Castlelake manages approximately $20 billion of assets on behalf of its investors. The Castlelake team comprises more than 200 experienced professionals, including 89 investment professionals, across six offices in North America, Europe and Asia.
Sagetech Avionics | July 28, 2021
Sagetech Avionics Inc., an innovative technology company that provides industry-leading avionics solutions for Uncrewed Aerial Systems (UAS), announced the completion of a successful demonstration of Detect and Avoid (DAA) using their low SWAP ACAS X-based DAA computer as part of a Phase 1 STTR for the United States Air Force.
The latest generation of airborne collision avoidance, ACAS X, has become an international standard. ACAS X employs advanced algorithmic techniques and probabilistic models to provide the safest and best collision avoidance system feasible for all piloted and unpiloted aircraft types.
Sagetech has integrated the ACAS X algorithms into its DAA computer, connected to their MX transponder to receive ADS-B In track data. The MX transponder, which is now available, is the only micro transponder with integrated ADS-B In, a crucial sensor input to the ACAS logic.
Sagetech, a leader in transponders and detection and avoid solutions, intends to deliver its DAA computer at the end of the year and collaborate with UAV Factory to integrate this feature on the Penguin family of aircraft completely. The Sagetech DAA computer will supplement the MX transponder and offer the first certifiable, real Detect and Avoid solution for small UAVs.
About Sagetech Avionics
Sagetech Avionics, Inc. is an aerospace technology company that provides situational awareness solutions built from mission-critical transponders, software, and associated technologies to enable safe flight in unmanned aircraft. Sagetech solutions are mission-proven and provide decades of program expertise, certifications, and millions of flight hours to give maximum value over the life of an unmanned platform. They are now serving military and civil duty on most small to medium UAVs. Sagetech is currently developing its technology platform to provide complete, certifiable systems such as detect and avoid solutions. Every day, Sagetech collaborates with its vast ecosystem of OEM customers, technology partners, and resellers to ensure that UAVs fly safely with Sagetech on board.
About UAV Factory
UAV Factory, a leader in unmanned and autonomous technology headquartered in the United States, was founded in 2009 to develop the most advanced platforms and sensors in the unmanned industry. UAV Factory benefits from its vertically integrated operations and global footprint, where its Penguin fixed-wing UAVs and Octopus ISR stabilized EO/IR camera payloads provide unmatched reliability and performance.