Business

Thursday, February 29, 2024 | Daily Newspaper published by GPPC Doha, Qatar.

Business

The M360 Mena will return to Doha in November this year to be hosted by GSMA, in partnership with Ooredoo.

Ooredoo and GSMA announce pioneering mega event for global telecom leaders

The GSMA revealed on Wednesday the return of M360 Mena. The event, hosted by the GSMA, in partnership with Ooredoo, will take place in Doha from November 18-19.The declaration was made during a signing ceremony with the GSMA and Ooredoo at MWC Barcelona 2024. The 2024 edition of M360 Mena will convene industry leaders from mobile and adjacent industries and policymakers for two days of discussion and debate.Key agenda items will include the role of initiatives, such as the GSMA Open Gateway in fostering industry-wide collaboration, the importance of policy frameworks that ensure fair and equitable contributions to mobile infrastructure upkeep, and progress in closing the usage gap in Mena and bringing the benefits of mobile Internet to all.Sheikh Mohamed bin Abdulla bin Mohamed al-Thani, Deputy Group CEO of Ooredoo Group, said: “The unveiling of M360 Mena in Doha during MWC Barcelona underscores our strategic alliance with GSMA. This moment is not just a celebration for Ooredoo but for both our organisations and the pivotal role we play in digital transformation. Our deep-rooted partnership with GSMA aims to leverage connectivity for the betterment of society, businesses, and the world.“By bringing together thought leaders, policymakers, and innovators from around the globe, we are helping to advance the boundless potential of digital technologies to unite us and highlight the critical part telecommunications and GSMA play in crafting our collective and more connected future.”Sheikh Ali bin Jabor bin Mohamed al-Thani, CEO of Ooredoo Qatar, said: “The announcement of M360 Mena in Doha is a significant milestone for both Ooredoo and Qatar. As we prepare to host our international guests in Doha this November, we are reminded of the transformative potential of digital technology to transcend borders and its critical role in shaping our society for the better. Our M360 Mena event will serve as a platform for sharing insights, fostering partnerships, and showcasing the latest technological advancements that will help build a more inclusive and empowered digital community.”Mats Granryd, director general, GSMA added: “We are excited to collaborate with Ooredoo in hosting M360 Mena in Doha. This partnership signifies our commitment to fostering digital inclusion, innovation, and collaboration in this dynamic region. By bringing together key stakeholders, industry experts, and thought leaders, we aim to drive conversations that will shape the future of connectivity, propel economic growth, and contribute to the continued digital advancement of the Middle East and North Africa. The event reflects our dedication to building a connected and empowered future for the entire region.”Presented by the GSMA, M360 is a series of global events that unify the regional mobile ecosystem. The event aims to discover, develop and deliver innovation that serves as the foundation for positive business environments and societal change. Through inspirational keynotes, thought-provoking panel discussions and insightful case studies across mobile technology, senior executives from mobile and adjacent industries come to learn and discuss in detail their challenges and successes, as well as network with peers.

Gulf Times

IAG announces significant SAF purchase deal

International Airlines Group (IAG) has this week announced its largest Sustainable Aviation Fuel (SAF) purchase agreement to date, with e-SAF (power-to-liquid) producer Twelve, which will supply advanced e-SAF made from CO2, water and renewable energy.Under the terms of the fourteen-year contract, Twelve will supply IAG with 785,000 tonnes of e-SAF to support its five European airlines, British Airways, Iberia, Aer Lingus, Vueling and LEVEL. IAG says the next-generation fuel will reduce lifecycle greenhouse gas emissions by up to 90% versus conventional jet fuel. It’s the first European airline group to announce an e-SAF deal, and the agreement will enable IAG to continue increasing its SAF use, which was approximately 12% of the world’s supply in 2023.International Airlines Group (IAG) is one of the world’s largest airline groups with 582 aircraft, directly connecting Europe to 250+ destinations in 91 countries and carrying 115+ million passengers per year. Its airlines include Aer Lingus, British Airways, Iberia, Vueling and LEVEL. The Group also consists of two additional businesses; IAG Cargo and IAG Loyalty. Qatar Airways remains the largest shareholder of IAG, with a 25.2% share. Qatar Airways first purchased a stake in IAG in 2015, building it from 10% to 20% over the space of a year.The deal brings the scale-up of e-SAF, produced using power-to-liquid technology, one step closer to reaching its full potential in the aviation industry. E-SAF does not face feedstock limitations, has a high degree of emissions reduction versus conventional jet fuel and has a relatively low land and water-use footprint.Sustainable aviation fuel (SAF) is chemically almost identical to kerosene. SAF is certified to international standards to ensure it is safe to use in existing aircraft and airports. The feedstocks for these fuels – currently waste materials such as used cooking oil, municipal waste or waste wood – absorb or avoid greenhouse gases before this carbon is recycled into fuel and then used. E-SAF is the power-to-liquid is a process that converts renewable electricity, water and CO2 into synthetic liquid fuels that can be used in aviation. The CO2 can be captured from various sources, such as industrial emissions, biogenic waste, or direct air capture. The renewable electricity can be generated from solar, wind, hydro, or other sources.Twelve, based in Berkeley, California, is considered a leader in carbon transformation and power-to-liquid technology. The company has developed and patented a proprietary process that can produce high-quality synthetic fuels from renewable electricity and CO2. The company is constructing a demonstration plant. The two companies first began partnering in 2020, when Twelve joined IAG’s Hangar 51 start-up accelerator programme to commercialise Twelve’s technology.IAG described the new Twelve partnership as “a major step forward” on the journey towards 2030, when IAG has committed as a Group to fly with 10% SAF — the first European airline group to set this target. With the deal, IAG has now secured one-third of the SAF needed to reach its 2030 target.Luis Gallego, IAG’s CEO said: “We have a roadmap to achieve net zero by 2050 including a target to fly with 10% sustainable aviation fuel by 2030. The shortage of sustainable fuel globally continues to be a problem for our industry although innovative companies like Twelve are an important part of the solution.“This new deal will contribute towards our 2030 SAF target. We would like to see similar projects scale in Europe, and we look forward to working with governments across our key markets to build a SAF industry to deliver jobs, economic growth and a stable supply of SAF.”Nicholas Flanders, Twelve’s co-founder and CEO said: "We are proud to partner with IAG on this historic deal to advance sustainable aviation with our e-SAF that has up to 90% lower emissions than conventional jet fuel. Our power-to-liquid e-Jet fuel offers industry-leading emissions reduction potential with the added benefits of an abundant feedstock supply and significantly smaller land and water footprints compared to alternative SAF pathways."This deal is the largest e-SAF commitment announced by any European airline group, which earned IAG an award for ‘SAF Offtake Deal of the Year’, at the inaugural SAF Investor Conference and Awards, in London on February 27.Carrie Harris, Director of Sustainability at British Airways, said: “Sustainable aviation fuel will play a critical role in meeting our net zero targets and is currently the only realistic low carbon solution for long-haul flights, so it is vital that we continue to invest and develop SAF technology in order to create enough supply.As part of its sustainability roadmap, IAG is also investing in new aircraft and implementing fuel efficiency initiatives, purchasing, and investing in SAF, and advancing carbon removals to mitigate any residual emissions from its operations. In 2021, the Group set a target of using 1mn tonnes of SAF a year by 2030, dependent on appropriate government policy support. IAG says this volume will save as much greenhouse gases as taking one million cars off the road per year.While other technologies such as electric and hydrogen remain decades away, SAF can be used now. Today, SAF represents less than 0.1% of global jet fuel volumes and fuel standards allow for just a 50% SAF blend in commercial jet engines.The author is an aviation analyst. Twitter handle: @AlexInAir

SIGN UP FOR THE GULF TIMES NEWSLETTER
Our biggest stories, delivered to your inbox every day.
See all newsletters.

By signing up you agree to our User Agreement (including the class action waiver and arbitration provisions), our Privacy Policy & Cookie Statement and to receive marketing and account-related emails from GULF TIMES. You can unsubscribe at any time.