Page 90 - APICAL_SR2023

Our
About This President’s About 2023 Apical2030 Approach to Transformative
Report Statement Apical Highlights Highlights Sustainability Partnerships

APICAL GROUP
SUSTAINABILITY REPORT 2023
GREEN INNOVATION

Carving out a new circular economy business
segment using waste

Apical seeks to utilise the waste we produce as we believe they provide us with opportunities
to innovate. Emissions from the aviation sector account for 2-3 percent of global energy-related
CO emissions. This number is expected to grow by 300-700% by 2050. To reduce the direct
2
carbon emissions of flying, SAF presents itself as an immediate solution. Produced from 100%
renewable waste and residue, this next generation low-carbon fuel works seamlessly with existing
aircraft engines and fuelling infrastructure, enabling the reduction of CO emissions by up to 90%,
2
in comparison to traditional fuels. While SAF is set to be the driving force for the decarbonisation
of the aviation sector, the key challenge in SAF production is access to available feedstock.
The sustainable extraction of waste and residue in a transparent and traceable manner is critical to
create a closed-loop ecosystem while ensuring the environmental integrity in production pathways
for SAF.

As Apical continues to expand its global footprint and capacities, the availability of waste and
residue is set to grow in tandem, enabling value-added partnerships to be forged for its waste
stream and providing significant value for various industries. The new 2G biofuels plant joint-venture
between Apical and Cepsa which is scheduled to begin operation in first half of 2026, will produce
up to 500,000 tonnes of SAF annually.

90 SUSTAINABILITY REPORT 2023 APICAL GROUP 91