https://www.ftvnews.com.tw/news/detail/2023B28F02M1?utm_source=yahoo&utm_medium=InArticl

Release time: 2023/11/28 18:25:59

Taiwan, South Korea and Saudi Arabia jointly signed an MOU. (Photo/FTV News) Finance Center/Reported by Ye Weixiang and Guo Wenhai in Taipei

At this stage, industry, government and academia are stepping up their efforts to achieve the 2050 net-zero carbon emission target! Today, Taiwanese industry players join hands with Saudi Arabia and South Korea to form the "Waste Cooking Oil Alliance". According to United Nations regulations, aircraft must be filled with 70% sustainable aviation fuel, also known as SAF, by 2050. This is not only related to the survival of the aviation industry. , it may also lead to the fact that in 20 years, the cost of air tickets may continue to rise.

Business operators from Saudi Arabia and South Korea flew to Taiwan to sign an MOU, announcing that waste cooking oil recycling would be integrated across borders. This equipment for recycling waste cooking oil had appeared at the Tainan Garden Night Market.

The first DGM equipment for recycling waste cooking oil was installed at Tainan Garden Night Market. (Photo/FTV News)

Recycling and reusing cooking oil can also produce sustainable aviation fuel, also known as SAF. Adding SAF to aircraft can reduce carbon emissions by at least 80%. According to United Nations and European Union regulations, aircraft fuel in all countries must add 5% SAF to aircraft fuel in 2025. , it must reach 10% in 2030, and it will reach 70% in 2050. If it is not complied with, the industry must spend more money and buy carbon rights in exchange.

Lin Xiuan, the founder of an energy technology company, said in an interview that people will have to pay more for air tickets in the future. This is a global trend, because to achieve net-zero carbon emissions in 2050, airlines need to add such a large amount of SAF. If you add SAF, it will directly repurchase the carbon rights. As mentioned in the briefing just now, the price will be about three times more expensive. "

Cooking oil should be recycled and reused. (Photo/FTV News)

Through the combination of AI and IOT to certify waste oil, the industry estimates that air tickets may continue to rise in 20 years due to fuel costs, which is closely related to the survival of the aviation industry and is also closely related to air ticket costs. Other countries are ambitious in developing the SAF market, and Saudi Arabia’s energy investment Company President Khalid Alturki personally attended the press conference. He said that in Saudi Arabia, a serious and serious action is being taken, emphasizing that SAF will be a contribution to carbon reduction.

YuJaeHung, president of Korean edible oil suppliers, also said that there are already suppliers in Europe, which are authorized by the suppliers' raw materials. The previous raw material exports are about 3,000 tons per month, and the export production capacity is expected to increase by 20% every year.

In order to achieve sustainability, countries will gradually eliminate media, natural gas and reduce the proportion of oil. It is expected that oil production will reduce by 69% in 2050. Countries are actively developing ESG to avoid paying more costs in the future.