Washington state and its neighbors in the U.S. Pacific Northwest claim to have established an early leadership position in the development of sustainable aviation biofuels.
Global carbon dioxide (CO2) emissions by the aviation industry will increase three-fold by 2050 in spite of an industry goal to cut them in half, according to a new World Economic Forum report that identifies biofuels as one of the most promising ways to reduce aviation’s carbon footprint.
Civil unrest in the Middle East has pushed up the price of jet fuel by more than 30 percent since December. In response, airlines have increased ticket prices, and some have announced they will begin grounding older, less-efficient aircraft types. While no one knows for sure how long this spike in prices will last, it has prompted many in the industry to turn their attention back to the promise of biofuel.
Aviation fuel-management software provider FuelerLinx has unveiled a new fueling pricing aid. The San Francisco-based company, which developed software that automatically finds the latest fuel prices for its customers, is demonstrating its FBOLinx Web site (www.fbolinx.com) here at the NBAA convention (Booth No. 5748).
Everest Fuel Management is using its NBAA appearance (Booth No. 6048) to mark an impressive milestone. In business for five years, the Houston-based company has recently added its 2,000th jet to its fuel program.
World Fuel Services has agreed to acquire Eden Prairie, Minn.-based Western Petroleum, including its branded aviation fuel distribution business, for $95 million. The $95 million purchase price could be increased by up to $20 million if Western’s net assets exceed an agreed target at completion of the deal, which is expected this month.
Eurocopter and parent company EADS have teamed with Argentina-based BioCombustibles del Chubut (BC) to study the feasibility of building an aviation biofuel factory in Brazil. The three companies signed an agreement in June. The biofuel, made from algae, could be used in Eurocopter’s diesel engines for light helicopters, which are now in the research stage (see AIN, February, page 44).
World Fuel Services on Monday announced an agreement to acquire Eden Prairie, Minn.-based Western Petroleum, including its branded aviation fuel distribution business, for $95 million.
Plans by British Airways and U.S. energy solutions company Solena Group to establish Europe’s first sustainable jet-fuel plant–dubbed “GreenSky”–are being outlined here at the Farnborough airshow by the Commercial Aviation Alternative Fuels Initiative (CAAFI), which claims to lead the development, testing, environmental acceptance, qualification and deployment of alternative aviation fuels.
Participation by more than 200 American companies at the U.S. International Pavilion here at the Farnborough airshow underscores the strong resurgence of the North American aerospace industry after two years of economic turmoil, organizers and delegates said.