Syngenera to join Amadeus Next
DECEMBER 10 2018 | BANGKOK | THAILAND
Syngenera has signed an agreement to join Amadeus Next, the leading travel
technology community in Asia Pacific. Syngenera will be developing an enterprise
application for the aviation industry that addresses the expected growth in demand
for both carbon offsets and sustainable jet fuel, while supporting airline contributions
to the Sustainable Development Goals.
The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is
set to commence with voluntary Pilot and First phases from 2021-2026, after which
carbon offset and sustainable jet fuel requirements for international civil aviation will
become mandatory. A total of 69 nations have now volunteered to participate in the
Pilot and First phases of CORSIA. Syngenera estimates that CORSIA requirements
will account for a substantial component of the growth in demand for carbon offsets
and sustainable jet fuel for the aviation industry post 2020.
It is important to note that CORSIA has neither endorsed nor prohibited specific
offset types. A technical committee has been established to decide on offset criteria
and specific offset types. It is anticipated that these offsets will generate significant
funding to help conserve the world’s forests and reforest degraded land.
“We are excited to be working with Syngerera, their solution is very relevant and topical
for the aviation industry and we believe that by working in partnership with them we can
help them to achieve their goals. We look forward to welcoming them into our
community and introducing them to our customers and partners” says Matt James,
Senior Manager Corporate Strategy & Business Development, Amadeus Asia Pacific.
Syngenera is positioned to provide forest carbon offsets, sustainable fuel feedstock,
and non-wood forest bio trade products for airlines and airports. Syngenera’s
comprehensive approach meets the highest international standards and
sustainability requirements for the global aviation industry. The Syngenera team is
committed to this cause and has the capability to transform rainforest, mangrove,
peatland and other types of natural capital assets into scalable impact investments.
“We believe that by joining Amadeus Next, Syngenera can accelerate the
development of timely solutions for the aviation sector, with a beta product expected
to be launched by 2020” said David Hodgkinson, a director of Syngenera.
For more information, please contact [email protected]
Syngenera is a natural capital asset manager with a focus on corporate buyers of
ecosystem products & services aligned with the sustainable development goals and a
low-carbon economy. Syngenera is creating an enterprise application for the future,
enabling the global aviation industry to meet its sustainable and low carbon ambitions. In
the forestry sector, Syngenera targets opportunities to manage “deforestation threat
grade” rainforest concessions and incorporate benefit-sharing programs for local
communities and indigenous people. Syngenera’s ecosystem products and services
reduce deforestation, protect biodiversity and provide new opportunities for the poorest
segments of society. Learn more at www.syngenera.com
Travel powers progress. Amadeus powers travel. Amadeus’ solutions connect
travelers to the journeys they want through travel agents, search engines, tour
operators, airlines, airports, hotels, cars and railways. We have developed our
technology in partnership with the travel industry for over 30 years. We combine a
deep understanding of how people travel with the ability to design and deliver the
most complex, trusted, critical systems our customers need. We help connect over
1.6 billion people a year to local travel providers in over 190 countries. We are one
company, with 16,000 employees across 70 offices. We have a global mindset and a
local presence wherever our customers need us. Our purpose is to shape the future
of travel. We are passionate in our pursuit of better technology that makes better
journeys. Amadeus is an IBEX 35 company, listed on the Spanish Stock Exchange
under AMS.MC. To find out more about Amadeus, visit www.amadeus.com.
Amadeus Next is not just another corporate stratup program, incubator or accelerator.
Our vision is to build and foster the leading travel tech startup community in Asia
Pacific. At the heart of the global travel industry, we join and connect the key players
in travel tech to shape the future of travel. We mentor, nurture and partner with
startups in Asia Pacific to take them to the next level on their journey to scale into
awesome companies. We build an ecosystem of like-minded partners and
organizations that are equally as excited about travel tech. Next leverages
Amadeus’s technology, expertise, reach and funding to empower entrepreneurs to
challenge the status quo.