What is the Fly Green Fund?

We can reduce your carbon footprint from air travel with up to 80%. 

Fly Green Fund is a newly started company with the main goal to develop the Nordics into a pioneering bio jet fuel region. Fly Green Fund aims to rapidly increase the demand for bio jet fuel, in order to increase the volumes and decrease the costs. We see large opportunities to kick-start local production of bio jet fuel in the Nordics, supplying to Nordic aviation industry.

Facts

  • Started June 2015
  • Non-profit organization
  • Found are SkyNRG, Karlstad Airport and NISA (Nordic Initiative Sustainable Aviation).
  • Big names from the aviation industry, such as Swedavia, Malmö Aviation, Sverigeflyg, SAS, KLM and EFS (biggest private jet company of the Nordics) has connected to the Fly Green Fund as Partners. Our partners pay for our administrative costs so that income from customers can be allocated to the premium cost for bio jet fuel and support local production projects. 

Vision

”To enable organizations and individuals to fly more sustainably on bio jet fuel in the Nordics” is Fly Green Fund’s vision. It is possible to already today fly more sustainably. Why don’t we? There are two main obstacles:

  1. Price: The fuel is too expensive and the volumes are limited. This applies to the global market and not only in the Nordics. To decrease the price we need to prove that there is demand for the fuel, and to show we are ready to pay for it. In that way volumes increase and the price decreases.
  2. Supply: We need to secure supply of bio jet fuel by supporting local production based on local resources. This will give the market momentum, lowering the premium difference between fossil jet fuel and bio jet fuel. In order to do so, we need to play a pioneering role to sustainably develop the aviation industry in the Nordics. 

Bio jet fuel and sustainability

75% of your invested funds in the Fly Green Fund is allocated to supply your air travels with bio jet fuel. 

Bio jet fuel can be produced from different raw materials. Some examples are forest residues, algae and solid waste. The fuel we supply is so called “drop-in” fuel which can be blended with fossil jet and does not require technical changes for the aircraft itself. Today, the limit for blending is 50%. Until today, the bio jet fuel used in the Nordics has been produced from Used Cooking Oil (UCO). As opposed to road- and sea-transportation industry, the aviation industry has no viable fuel alternatives apart from bio jet fuel.

IATA-chart

International Air Transport Association (IATA) has developed common goals for how the aviation industry can contribute to reduced CO2 emissions. The industry is the only industry in the world that has set such global goals.

What are the benefits of bio jet fuel?

Environmental benefits
The usage of bio jet fuel enables the aviation industry to dramatically decrease their carbon footprint.

Economic benefits
Bio jet fuel makes it possible for the aviation industry to reduce their dependence on fossil fuels. This depicts a more stable price scenario for the fuel in comparison to fossil fuel, as it is easier to predict the price of raw materials.

Social benefits
The development of bio jet fuel production creates new labor opportunities and knowledge. Already today we have vast knowledge about the possibilities of switching from fossil fuel to bio fuel, for example within the process, real estate and car industry. Using this knowledge we can learn how to refine and develop a new industry – the aviation industry.

We work together with SkyNRG to ensure the bio jet fuel holds highest standards possible when it comes to sustainability. Read more about SkyNRGs sustainability guarantee

Local production

25% of your budget contribution to the Fly Green Fund is allocated to supporting local production of bio jet fuel in the Nordics. 

To secure supply of bio jet fuel in the long term we support local production based on local resources. During the fall of 2015 several discussions have been flourished regarding local production.

For the years 2015-2017 we have chosen the following approach for local production, i.e 25% of your invested funds. After 2017 our hope is that one or more projects will have reached a pilot-phase or initiated commercial production. We have divided this section – local production – in three main parts:

  1. Projects that concern the supply chain of bio jet fuel
    • FiberJet is our main project
    • Support to our partners with questions or concerns regarding the supply chain of bio jet fuel 
  2. SkyNRG Nordic Center of Excellence
    • Here we gather and spread knowledge about bio jet fuel and production
  3. Call for proposals 
    • Here we collect and spread knowledge about bio jet fuel and the production process. Call for proposals occur 2-3 times annually for projects/research/investigations within the area of bio jet fuel. 

Read more about the Fly Green Fund and local production here or visit SkyNRG’s website to learn more about local production and the idea behind so called “BioPorts”.