Korean companies are already buying these certificates

There is one reason it is hard to leave this market filed under "someone else's problem". ## The published figures On 17 April 2024 the Sustainable Aviation Buyers Alliance (SABA) announced contracts for members to buy sustainable aviation fuel certificates (SAFc), and published the following alongside: - **Close to $200 million** committed to certificate purchases over five years - Corresponding to **roughly 50 million gallons** of sustainable aviation fuel - **500,000 tCO2e** in reductions - The fuel is stated as **80% lower in carbon intensity** than conventional jet fuel, third-party certified SkyNRG, World Energy and Twelve appear as suppliers; Alaska Airlines, JetBlue and Southwest as airlines. 14 buying companies are named, and **one of them is Samsung Biologics.** ## Working out a unit price Dividing the two published figures gives a unit price. - $200 million ÷ 500,000 tCO2e ≈ **$400 per tCO2e** - $200 million ÷ 50 million gallons ≈ **$4 per gallon** One thing to be clear about. **These are not published prices; they are values obtained by dividing two published figures.** And carrying them anywhere means carrying three things with them. First, **this is sustainable aviation fuel, not road freight insetting.** Different fuel, different scheme — they do not belong on one line. Second, it is a five-year commitment, not delivered performance. Third, as the same announcement states, sustainable aviation fuel is under 0.5% of global jet fuel supply and trades at a premium. This is the price in a thin part of the market. ## What stands after all that That this market moves in multi-year contracts worth hundreds of millions rather than in pilots, and that a Korean company is already on the buyer list. Both are checkable against published material. ※ This article cites published material. The companies and bodies named have no contractual relationship with us. --- This article expands one section of LCS EAC special report 2, *How the Price Is Set*. The full report works from the SABA press release, DP World's own pages and SBTi Evidence Synthesis Report Part 2 as primary sources, and marks published figures separately from values derived by dividing them.