cathay pacific invests in sustainable biojet fuel developer
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Cathay Pacific invests in sustainable biojet fuel developer

Egypt Today, egypt today

Egypt Today, egypt today Cathay Pacific invests in sustainable biojet fuel developer

Cathay Pacific Airways
Hong Kong - XINHUA

Cathay Pacific Airways announced Thursday that it has invested in Fulcrum BioEnergy, Inc. , a U.S.- based sustainable biofuel developer, as part of the airline's biofuel strategy and to help it achieve a target of carbon-neutral growth from 2020.
"These fuels are an important component of our sustainable development strategy, under which we aim to achieve carbon-neutral growth from 2020," said Cathay Pacific Chief Executive Ivan Chu.
Cathay Pacific has also negotiated a long-term supply agreement with Fulcrum for an initial 375 million U.S. gallons of sustainable aviation fuel over 10 years, which represents an annual basis approximately 2 percent of the airline's current fuel consumption.
The airline said it is the first airline investor in Fulcrum with a strategic equity investment in the biofuel developer and it also has an option for further investment. But the airline did not disclose the price and the percentage of equity.
Fulcrum plans to commence construction of its first commercial plant later this year and to build large scale, waste-to-renewable jet fuel plants at multiple locations, including locations strategic to the Cathay Pacific network, primarily in North America.
Fulcrum BioEnergy, Inc. President and Chief Executive Officer Jim Macias said jet fuel produced by Fulcrum's waste-to-fuels process will reduce lifecycle carbon emissions when used in aircraft or road transport by more than 80 percent, compared to traditional fuels derived from crude oil and other fossil sources.
He said this process also reduces the amount of municipal solid waste going into landfill sites and the methane gas emissions that result from this. If not captured, methane gas is 21 times more potent than carbon dioxide as a global warming contributor.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cathay pacific invests in sustainable biojet fuel developer cathay pacific invests in sustainable biojet fuel developer



GMT 09:23 2013 Thursday ,03 January

Haifa Wehbe: No 2012 regrets

GMT 16:55 2018 Tuesday ,16 January

Stylist fashion editor commences role

GMT 21:47 2015 Monday ,31 August

Jack Black stars in new 'Goosebumps' trailer

GMT 08:04 2017 Monday ,30 October

Pakistani bridal brand Élan showcases

GMT 11:57 2018 Thursday ,04 January

Thiem through but more seeds fall at Qatar Open

GMT 08:46 2017 Friday ,07 July

Stella Magazine associate editor

GMT 09:48 2017 Sunday ,22 October

Barcelona roll on calmly amidst Catalan chaos

GMT 08:09 2017 Monday ,27 February

A Useful Guide to Repaint the Exterior of Your Home

GMT 13:41 2017 Saturday ,06 May

Shah Rukh Khan’s Dubai film

GMT 23:20 2017 Wednesday ,08 February

In same sportive look as sibling Gigi
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday