News
OilPrice.com - The Future of Biofuels
Published: 21 February 2012
Bloomberg New Energy Finance said that jatropha-based fuels were the near-term candidate as sustainable aviation fuels available at prices competitive with conventional jet fuel.
Following the emergence of jatropha-based fuels, Bloomberg New Energy Finance said that aviation fuel made from pyrolysis of woody biomass represented the next most affordable category of aviation biofuels.
BNEF also said that large-scale, biofuel-producing algae farms will not appear this decade, and that aviation biofuels based on pal, soybeans or canola may never become fully competitive.
http://oilprice.com/Alternative-Energy/Biofuels/The-Future-of-Aviation-Biofuels.html?
Bloomberg - The Beauty of Biofuels in the Shipping Industry
Published: 16 February 2012
The worlds biggest container ship owner, is leading its industry in developing biofuels made from organic waste that could cut its carbon emissions and reduce a $6 billion-a-year fuel bill.
The beauty of biofuels is that they work with the engines as they are today. There is a very, very strong link between reducing emissions and reducing costs.
With a fuel bill of $5 billion to $6 billion a year, even one-digit percentage savings are very significant. There is such a strong link between reducing the cost and thereby improving the competitiveness of the company and improving the carbon footprint.
Bloomberg New Energy Finance - The Emergence of Jatropha
Published: 16 February 2012
Bloomberg New Energy Finance (BNEF) said that Jatropha-based fuels were the near-term candidate as sustainable aviation fuels available at prices competitive with conventional jet fuel.
BNEF also said that large-scale, biofuel-producing algae farms will not appear this decade, and that aviation biofuels based on pal, soybeans or canola may never become fully competitive.
U.S. Department of Agriculture (USDA) & the Boeing Company - Agriculture and Aviation: Partners in Prosperity
Published: 16 February 2012
January 2012 State of Union Address, Barack Obama - Invest especially in clean energy technology, an investment that will strengthen our security, protect our planet, and create countless new jobs for our people.
This report documents the preparedness of the commercial and military aviation sectors to become preferred customers for biofuels, as well as the technical readiness of the aviation biofuels program, while also affirming our flight plan to help launch an economically self-sustaining long-term aviation biofuels supply chain.
http://www.usda.gov/documents/usda-farm-to-fly-report-jan-2012.pdf
President Barack Obama - U.S. Military to Invest $510 million in Biofuels
Published: 13 February 2012
With personnel
nearly the population of Chicago and a fleet of over 500,000 aircrafts,
vessels, and vehicles, the U.S. Department of Defence is a massive and
energy-hungry institution
The Obama
administration recently announced to invest $510 million in biofuel production
over three years.
As an example of
just how valuable the U.S. biofuel market will be, the Navy alone estimates it
will require a staggering 336 million gallons of biofuel annually by 2020. The
division currently uses less than 300,000 gallons.
The Air Force is
calling for 50 percent of its domestic aviation needs to be satisfied with
biofuels by 2016. The Navys plans are similar, with a 50 percent alternative
energy mix by 2020.
Huffington Post - 2012: A Breakthrough for Renewable Energy?
Published: 13 February 2012
It is likely
that 2012 could be the year when investment in renewable energy will surpass
fossil fuels, signalling a profound shift toward a global clean energy economy.
Investors are
leading the charge toward a clean energy future, betting heavily on renewable
energy. Global investment in clean energy generation capacity reached a record
high of $260 billion in 2011, Bloomberg New Energy Finance announced last
month.
http://www.huffingtonpost.com/manish-bapna/2012-a-breakthrough-for-r_b_1263543.html
Bloomberg - Maize rallies 8.3% since January 18th 2012 on CTOB
Published: 9 February 2012
The commodity has rallied 8.3 percent from this years lowest closing price on Jan. 18.
Corn futures for March delivery rose 0.25 cent to close at $6.425 a bushel at 1:15 p.m. on the Chicago Board of Trade.
Corn is the biggest U.S. crop, valued at $66.7 billion in 2010, followed by soybeans at $38.9 billion, USDA data show.
Huffington Post - Jatropha Biofuel a Win-Win, Green and Cost-Effective
Published: 6 February 2012
The quiet revolution is already well begun in the biofuel industry as it enters its high-growth stage and it is only going to get better from here.
Quite unlike fossil-fuels, which cause a huge net gain to our atmosphere, the CO2 equation couldn't be better for plant based diesel.
China recently set aside an area the size of England to produce jatropha and other non-food plants for biodiesel. India has up to 60 million hectares of non-arable land available to produce jatropha, and intends to replace 20 per cent of diesel fuels with Jatropha based biodiesel.
http://www.huffingtonpost.ca/news/jatropha
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Published: 26 January 2012
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2012 is the year for investing in Agriculture - ETF Radar
Published: 26 January 2012
Each New Year brings with it a number of questions for investors: Am I investing in the right place? Should I be taking more or less of a risk? Should I have a more diverse portfolio? Those in doubt should not panic, but take time to assess ETF sectors they may not have previously considered.
We firmly believe 2012 is the year for investing in agriculture, a sector with enormous, of overlooked potential.
But investors are missing a trick, which lies in the actual process of farming production. This is currently the most under-capitalised agri subsector.
The worlds population is rapidly increasing. The UN expressed their concern early in 2011, emphasising that the growth rate must slow down significantly to avoid reaching unsustainable levels. It is predicted the global population is set to double by 2050, resulting in a huge reduction of arable land per capita; the World Bank estimates that demand for food will rise by 50% by 2030.
The Guardian - The Future of Food
Published: 25 January 2012
By 2050 there will be another 2.5 billion people on the planet. How to feed them?
How can we feed the 2.5 billion more people, an extra China and India – likely to be alive in 2050? The UN says we will have to nearly double our food production and governments say we should adopt new technologies and avoid waste, but however you cut it, there are already one billion chronically hungry people, theres little more virgin land to open up, climate change will only make farming harder to grow food in most places, the oceans are overfished, and much of the world faces growing water shortages.
Fifty years ago, when the world's population was around half what it is now, the answer to looming famines was the green revolution, a massive increase in the use of hybrid seeds and chemical fertilisers. It worked, but at a great ecological price. We grow nearly twice as much food as we did just a generation ago, but we use three times as much water from rivers and underground supplies.
Forbes - Lufthansa To Fly First Commercial Transatlantic Flight Powered By Biofuel
Published: 17 January 2012
Forget about buying carbon credits as absolution for warming the globe as you globe trot and instead purchase a ticket on the first commercial transatlantic flight powered by biofuels.
Also in November, China launched its first biofuel test flight when a 747-400 circled Beijing powered by a jatropha-based biofuel manufactured by Honeywell.
Our burnFAIR project went off smoothly and to our fullest satisfaction, Joachim Buse, Lufthansas vice president for aviation biofuel, said in a statement. As expected, biofuel proved its worth in daily flight operations.
Lufthansa Press Release - Practical trial of biosynthetic fuel at airline successful
Published: 16 January 2012
After a six-month practical trial involving biosynthetic fuel, Lufthansa is pleased to announce the first positive results. In all, 1,187 biofuel flights were operated between Hamburg and Frankfurt. According to initial calculations, CO2 emissions were reduced by 1,471 tonnes. Total consumption of the biokerosene mix amounted to 1,556 tonnes.
From 15 July to 27 December 2011 a Lufthansa Airbus A321 was used to operate scheduled flights on the Hamburg-Frankfurt route. One of the aircrafts engines was powered by a 50-50 blend of regular fuel and biosynthetic kerosene.
The highlight of the biofuel trial at Lufthansa will be the first scheduled transatlantic flight to the United States, which is now planned for 12 January 2012.
Our burnFAIR project went off smoothly and to our fullest satisfaction. As expected, biofuel proved its worth in daily flight operations, confirmed Joachim Buse, Vice President Aviation Biofuel at Lufthansa.
http://presse.lufthansa.com/en/news-releases/singleview/archive/2012/january/09/article/2061.html
Investors Chronicle - Attractive Agriculture Investments
Published: 13 January 2012
To feed an expanding world population (7bn and counting), the private sector will need to play an ever more prominent role in the global agricultural industry, particularly in providing infrastructure, finance and logistics.
This is an inevitable consequence of the inverse relationship that exists between those regions with the highest rates of population growth and their access to arable land and water resources.
Despite increased industrialisation, the agribusiness segment will grow as a proportion of global GDP, as economies scramble to gain scale benefits from modern farming technologies.
Its an area that affords UK investors long-term growth opportunities, but they'll have to look beyond these shores.
Airline United Continental's M.D. Jimmy Samartzis Seeks A Future With Biofuel
Published: 13 January 2012
There are four pillars that make up our commitment to the environment. Reducing fuel consumption and improving fuel efficiency, advancing and using alternative fuels in our aircrafts, enhancing the sustainability of our products and services and reducing waste, and working together with our stakeholders. We've seen a lot of volatility in oil pricing, so that drives our interest in alternative fuels, but so does sustainability of course.
Fuel is our largest expense. That drives our interest in alternative fuels. So does sustainability.
One of the requirements we set is that the biofuels we use have to deliver a reduction in lifecycle greenhouse gas emissions. We want to decrease our reliance on foreign oil and have alternatives to commercial jet fuel.
http://www.fastcompany.com/1799333/jimmy-samartzis-united-continental
AgriMoney - Corn prices - Can they outperform again in 2012?
Published: 13 January 2012
Corn was one of the few agricultural commodities to achieve a price rise in 2011, if only by a modest 2.8%.
Rabobank expect corn prices to rally from current spot prices into the second quarter of 2012.
Standard Chartered expect corn prices to lead the grains market higher in the first half of 2012 as inventories are drawn down and market sentiment improves.
Overall, this gives a picture which shows higher profitability for corn in 2012.
http://www.agrimoney.com/feature/corn-prices---can-they-outperform-again-in-2012--132.html
The Guardian - Green energy investment soars to $260bn
Published: 13 January 2012
New Bloomberg data shows worldwide funding of green energy projects rose by 5% last year.
Global investment in clean energy reached a new high of 260bn US dollars last year – despite the financial crisis and the anti-environment agenda of Republicans in the US Congress, a United Nations investors summit was told on Thursday.
The analysis was presented to 500 global investors meeting at the UN to try to mobilise the large-scale funds needed to address climate change. The $260bn figure includes investment in renewables, biofuels and smart technologies. It does not include natural gas, nuclear energy or clean coal.
Kevin Parker, global head of Deutsche Asset Management, said Investors really have no excuse any longer for dealing with climate risk because it's going mainstream.
http://www.guardian.co.uk/environment/2012/jan/12/green-energy-investment-increases?intcmp=122
This is Africa - Togo's Political Transformation
Published: 13 January 2012
Adji Oteth Ayassor, Minister of Economy and Finance, a former law university lecturer educated in both France and the US, who also sits since 2007 on the International Monetary Funds board of governors has said - Our plan has been to attract investors by improving our business climate, making it easier for commerce in the country.
Since 2005, Togos political transformation has been key in stimulating its once moribund economy. GDP growth has been the main beneficiary. Previously flat, it has risen from 2.8 percent in 2008 to over 4 percent forecast for next year.
At $3.1bn Togos economy remains small relative to some of its peers in the West African sub-region. Despite this, as well as global economic instability centred on the eurozone debt crisis, Mr Ayassor is cautiously confident about the countryss ability to attract increased international capital flows.
When you look at the foreign investments we have already realised, especially in the port, it shows outsiders that we mean what we say.
http://www.thisisafricaonline.com/news/fullstory.php/aid/364/Adji_Ot_E8th_Ayassor.html
Bloomberg - China Record Corn Crop Still Failing To Meet Demand
Published: 14 December 2011
China reaped its seventh record corn crop in eight years in the harvest now ending. That still wont be enough to meet demand, driving a fivefold gain in imports as prices head for the highest-ever annual average.
Maize is an amazing crop, but demand is just too strong said Dan Cekander, the director of research at Newedge USA LLC in Chicago.
Corn futures on the Chicago Board of Trade have gained 3.9 percent to $6.535 a bushel this year and averaged $6.90, heading for the highest-ever annual figure. The grain will probably reach $7.25 in the first quarter, Cekander said.
Chinese demand rose 50 percent since 2000 as output gained 38 percent, USDA data show. Only the U.S. grows and uses more. China, which became a net importer for the first time in 14 years in 2010, is entering a golden age for consumption, Morgan Stanley analysts have said.
Wall Street Journal - Africa Can Feed the World
Published: 6 December 2011
The world now has seven billion people in it, but population growth won't stop there. Demographers at the U.N. Population Fund said the big milestone came on Oct. 31
By the 2020s, the world's population is expected to pass eight billion. By the 2040s, it will top nine billion. That's like adding two Chinas between now and the middle of the century, as Robert L. Thompson of the Chicago Council on Global Affairs put it recently.
The greatest challenge of our time will be to figure out how we're going to put food in all of these mouths. Over the next four decades, farmers everywhere will have to boost their production by a total of 70%.
http://online.wsj.com/article/SB10001424052970204190504577037701249563614.html?mod=googlenews_wsj
The Guardian - Aviation switch to low-carbon fuel sooner than thought
Published: 5 December 2011
The worlds 7,000 airlines could switch to low-carbon jet fuels much faster than other transport because aeroplanes have very few filling stations, says Richard Branson.
In the next five years, according to the website published by business NGO Carbon War Room and academic publisher Elsevier, some renewable jet fuel companies could be producing enough renewable fuel to replace 10-20% of the fuel of a typical mid-sized airline.
We are heading in the right direction. The industry could go from one of the dirtiest to one of the cleanest in 10 years. We are investing in different companies and really beginning to see traction.
http://www.guardian.co.uk/environment/2011/dec/05/aviation-low-carbon-fuel?intcmp=122
Bloomberg - Renewable power investment set to be worth $395 billion a year by 2020
Published: 18 November 2011
Investment in renewable power generation may double to $395 billion a year by 2020, led by growth in biofuels, wind and solar energy projects, Bloomberg New Energy Finance forecast.
The findings suggest such industries will continue quick growth through stumbling economic growth. Big winners over the next 20 years will be the emerging renewable energy hubs in Africa, Latin America, Asia, the Middle East. By 2020 the markets outside of the European Union, U.S., Canada and China will account for 50 percent of global annual investment in renewable energy capacity
I.A.T.A. November 2011 Fuel Forum - CEO Tony Tyler on future of Biofuels
Published: 17 November 2011
Remarks of Tony Tyler, Chief Executive Officer at the The Air Transport Association (IATA) Fuel Forum in Paris 15th November 2011 At this time of global uncertainty, it makes sense for governments to invest in sustainable biofuels that will increase energy self sufficiency and create jobs in the green economy. Lets make no mistake. Airlines are committed to using sustainable biofuels. Why, because they will be critical to achieving carbon neutral growth and eventually cutting aviations emissions. We have seen an impressive acceleration in new supply projects over the last 12 months. There is an opportunity to implement the right policies to develop a sustainable aviation biofuel industry. http://www.iata.org/pressroom/speeches/pages/2011-11-15-01.aspx
Gulf News - Biofuels the way forward in the sky
Published: 15 November 2011
Biofuels are being phased in as blends, with 50/50 biofuel/fossil mixes. Moreover, biofuels can grow anywhere, even in arid places like the Gulf. For example, Jatropha is another source of biofuel that generates 30-40 per cent of its mass in oil that can be used for biofuels.
Whereas fossil fuels are consumed and not replaced, biofuels offer something novel. We can replace them even as we consume them. Since biofuels come from plant matter, production also consumes carbon dioxide.
By using a biomass fuel source, airlines are able to move into a world where they can depend on a consistent supply and more stable prices.
http://gulfnews.com/business/aviation/biofuels-the-way-forward-in-the-sky-1.930816?
Airbus VIDEO - Alternative Fuels Programme
Published: 14 November 2011
This video spotlights Airbus alternative fuels research programme, which is a core tenet of the companys initiatives to reduce the environmental impact of air transport. Programme head Sebastien Remy reviews a range of viable options, from blends using existing aviation fuel to bio-fuels made from the non-edible crop Jatropha.
http://videos.airbus.com/video/iLyROoafIlFe.html
Bloomberg VIDEO- Biofuel in China's aviation industry
Published: 11 November 2011
Bloomberg's Stephen Engle reports on the outlook for the use of biofuel in China's aviation industry. An Air China Ltd. 747 jumbo jet landed in Beijing last week after successfully conducting a biofuel test flight.
http://www.bloomberg.com/video/79267120/
Wall Street Journal - China is warming to biofuels
Published: 8 November 2011
In recent months, Jatropha blends, now governed by a global standard, have fuelled jet flights over the Atlantic and even powered fighter planes. For selected European carriers, biofuel is becoming part of the everyday operation, in particular at KLM Royal Dutch Airlines and Deutsche Lufthansa AG.
A Jatropha fuelled flight was deemed a success by Chinese aviation regulators, who represent an important global constituency that coordinates 15,000 commercial flights per day and one of the fastest growing markets.
http://blogs.wsj.com/chinarealtime/2011/11/01/chinas-first-aviation-biofuel-test/
The Washington Post - Honeywell UOP & Boeing fuel Air China's Jatropha biofuel flight
Published: 28 October 2011
Air China conducted its 6th trial flight of a passenger plane powered by a 50:50 mix of biofuel and traditional aviation fuel. The fuel, based on the oily nuts of the jatropha tree, is one of a series of research projects launched last year by the United States and China, the worlds two biggest oil consumers. The two governments say they want the research to reduce pollution and spur the growth of new industries. The company is expected to supply 60,000 tons of the fuel annually by 2014.
http://www.washingtonpost.com/business/industries/chinese-us-companies-hold-chinas-first-test-flight-for-biofuel-powered-jumbo-jet/2011/10/28/gIQA7BQmOM_story.html?
Bloomberg - The U.S. Air Force to get half its fuel from alternative sources by 2016
Published: 28 October 2011
The Army, Navy, Air Force, and Marines have ambitious plans to wean themselves from oil and gas and trim the $14.5 billion they pay for fuel every year. Reliance on fossil fuels is simply too much of a vulnerability for a military organization to have, says U.S. Navy Secretary Raymond Mabus. The U.S. Air Force is on track to certify its 40-plus aircraft models to burn fuels derived from waste oils and plants by 2013. President Barack Obama in August announced that the Navy and other government agencies would plow $510 million into the commercial development of biofuels by 2014. The Navy expects to ramp up its biofuel use to 3 million gallons in 2016 from 900,000 gallons next year.
http://www.businessweek.com/magazine/sending-in-the-marines-to-support-biofuels-10272011.html?
Air China Completes Biofuel Testing on Jatropha
Published: 28 October 2011
The Air China Boeing 747 landed safely at Beijing airport after it burned more than 10 tons of biofuel, and after the test, Zhang Hongying, an official with the Civil Aviation Administration of China, said the fuel was now ready to be used for commercial flights.
Biofuel used in the flight was produced from Jatropha and the company is expected to supply 60,000 tons of the fuel annually by 2014.
http://www.foxbusiness.com/industries/2011/10/28/air-china-completes-first-test-flight-using-biofuel-xinhua/#ixzz1c47P3IJG
Pike Research - Global Biofuels Market Value to Double by 2021
Published: 26 October 2011
Motivated by growing concerns related to energy security, climate change, and economic stagnation, at least 38 national governments throughout the world have enacted blending mandates or targets to accelerate the expansion of biofuels production and consumption in the transportation sector. According to a new report from Pike Research, the increased production and consumption of biofuels will more than double the industry's market value in the next decade. The cleantech market intelligence firm forecasts that the global market for biofuels will increase from $82.7 billion in 2011 to $185.3 billion by 2021. http://www.pikeresearch.com/newsroom/global-biofuels-market-value-to-double-to-185-billion-by-2021
New York Times - Flying With Biofuel Gets One Step Closer
Published: 26 October 2011
Having conducted several trials over the past three years, the airline industry is shifting into a new gear, starting to conduct regular commercial flights that rely in part on biofuels.
The industry has pledged to stop increasing its carbon emissions by 2020 even as global air travel increases, and to halve its carbon dioxide emissions from its 2005 levels by 2050. Biofuels are seen as one of the pillars to achieving this target; I.A.T.A. predicts that biofuels could replace 6 percent of kerosene in the airline industry by 2020.
http://www.nytimes.com/2011/10/26/business/energy-environment/flying-with-biofuel-gets-one-step-closer.html?_r=1
New York Times - Airlines Weigh the Advantages of Using More Biofuel
Published: 10 October 2011
The worlds airlines will carry 2.8 billion passengers and 46 million tons of freight this year. They will burn somewhere between 210 million and 220 million tons of fuel and generate 650 million tons of carbon emissions in the process.
Crucially, the industry is looking at developing aviation fuel not from palm oil and other so-called first-generation crops, but from plants like jatropha, an inedible weed that can grow in arid conditions, or from algae, which likewise do not encroach on arable land.
http://www.nytimes.com/2011/10/10/business/global/10iht-green10.html?_r=1&ref=science
Airbus - 'Jatropha is the most cost-effective, sustainable feedstock for renewable jet fuel.'
Published: 3 October 2011
SG Biofuels announced it has teamed with the Inter-American Development Bank, Air BP and TAM Airlines, to accelerate the production of crude Jatropha oil as a source for aviation bio jet fuel on 75,000 acres in Brazil.
Jatropha has proven to be the most cost-effective and sustainable feedstock for renewable jet fuel but the challenge lies in scaling production to meet the demand, said Paul Nash, head of new energies at Airbus.
With the ongoing volatility in oil prices driving up the cost of energy, Jatropha is not only a highly sustainable alternative, but provides a stable, cost-effective source of fuel, said Paulus Figueredo, Energy Manager for TAM Airlines.
http://www.sgfuel.com/AdminSavR/en/news/news_item.php?news_id=78
Jatropha fuelling aviation's green revolution
Published: 23 September 2011
The aviation industry has set ambitious targets to green its industry. The industry is striving towards carbon neutral growth by 2020.
Since 1990, the aviation industry has improved fuel efficiency by about 80 per cent through technological improvements, an equivalent of 3.3 billion tonnes of carbon dioxide saved. The next big opportunities for improvement, according to IATA, are better air traffic management and biofuels.
One of the primary biofuel feedstocks is jatropha oil. The jatropha tree, with its cashew-sized nut, is known as one of highest yielding oilseed plants in world.
http://www.eco-business.com/news/fueling-aviations-green-revolution/
German airline Lufthansa purchase further Crude Jatropha Oil
Published: 14 September 2011
ASTM International's approval for the blending of up to 50% of biofuel with conventional jet fuel earlier this year has resulted in a high demand for bio-jet fuel from airlines.
Lufthansa purchased 200 tonnes of the jatropha oil for $1,000 (€710) per tonne.
A 50/50 blend of bio-jet fuel will be used in one Airbus 321. The trial is expected to reduce CO2 emissions by up to 1,500 tonnes.
'We can't produce enough jatropha oil at the moment to meet demand,' says CEO of Jatenergy, Phil Hodgson.
U.S. to Invest Up to $510 Million in Biofuels for Planes, Ships
Published: 1 September 2011
The U.S. departments of Energy and Agriculture and the U.S. Navy will invest as much as $510 million over three years to spur the development of biofuels for commercial and military transportation. The Navy set in January 2010 a goal of using alternative fuels for half of its total needs by 2020. That equals about 8 million barrels of biofuel a year.
Biofuels potential to transform the global economy
Published: 9 August 2011
Slowly but surely, an extraordinarily important new industry is slowly taking shape, with the potential to transform the global economy.
In a world concerned about global warming and emissions of greenhouse gases biofuels reduce carbon emissions by jet aircraft by up to 80 percent. Biofuels are clean, green, and for the moment, expensive.
Financial Times - Jatropha ready for take off?
Published: 8 August 2011
Until not long ago it was hailed "the miracle crop", blessed with unlimited potential for an energy-thirsty world. Jatropha, a biofuel crop loved for its ability to grow in areas not suitable for food, is native to Central America and seemed like a blessing for hot and dry places with high poverty levels.
http://blogs.ft.com/beyond-brics/2011/08/02/mexican-biofuel-ready-for-take-off/
Lufthansa begins world's first regular biofuel passenger flights
Published: 8 August 2011
Lufthansa is today launching a six-month biofuel trial on regular scheduled flights. A Lufthansa Airbus A321 with the registration D-AIDG will fly the Hamburg-Frankfurt-Hamburg route four times daily. One of its engines will run on a 50/50 mix of regular fuel and biosynthetic kerosene.
The biosynthetic kerosene used by Lufthansa is derived from pure biomass (biomass to liquids - BtL) and consists of jatropha, camelina and animal fats.
http://presse.lufthansa.com/en/news-releases/singleview/archive/2011/july/15/article/1980.html
By 2030 plant-derived formulas could make up as much as 30 percent of the aviation fuel market
Published: 8 August 2011
Airbus which together with Boeing makes about 80 percent of the world's passenger planes, estimates that by 2030 plant-derived formulas could make up as much as 30 percent of the aviation fuel market.
The challenge now is building fuel production facilities fast enough to meet demand, and that may take at least three more years, says James Rekoske, vice-president of renewable energy at Honeywell's UOP unit.
