There are a lot of initiatives right now, even from oil majors. Some of them are in panic, realizing that fossil fuels are part of their DNA. Overnight, we鈥檝e started seeing a color-coding game emerge where synthetic fuels are being baptized 鈥済reen鈥 even though in reality they aren鈥檛. Carbon dioxide is a good example: If the source of CO2聽is industrial, it isn鈥檛 green or biogenic 鈥 it鈥檚 grey. The truly distinguishing criterion is to make sure that sustainability is met across all elements of the value chain. Otherwise, you risk your credibility, your reputation 鈥 and you miss out on sustainability.
On the surface, the technology concept is relatively simple. All we need are two main ingredients. One is a lot of renewable energy, which is used to separate water into hydrogen and oxygen.聽Since the energy used to separate the water is renewable, solar PV or wind, it鈥檚 called 鈥済reen鈥 hydrogen, and all we鈥檙e doing is matching the green hydrogen with a biogenic source of carbon.聽So, we basically have two gases that are then converted through a synthesis process into an innovative, very sustainable and ultragreen aviation fuel. The reason why the airline industry is so interested is because there are basically no alternatives. With a GHG emission reduction potential of up to 100 percent, synthetic P2L fuels meet the highest sustainability criteria and in theory are abundantly available.聽