On Monday, the Federal Aviation Administration (FAA) said it would accept applications for nearly $300 million to fund projects designed to help the aviation industry reach net-zero emissions by 2050.
Applications for $246 million in Sustainable Aviation Fuels (SAF) infrastructure projects and $47 million in low-emission aviation technology projects were being accepted starting Sept. 25, the agency said. The money, part of the Inflation Reduction Act, will fund the new Fueling Aviation’s Sustainable Transition (FAST)-SAF grants focusing on producing, transporting and blending sustainable aviation fuel that will build up regional SAF supply chains and increase SAF use.
