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United to Fly on Jet Biofuel Sourced From Trash
July 1, 2015
United to Fly on Jet Biofuel Sourced From Trash
CHICAGO, Illinois, July 1, 2015 (ENS) – United Airlines has invested $30 million in alternative fuels developer Fulcrum BioEnergy, a company that turns municipal solid waste into low-cost sustainable aviation biofuel.
The deal “represents the biggest strategic partnership in the biofuels and aviation industries,” the companies said in a joint statement Tuesday.
United said it’s the single largest equity investment ever made in alternative fuels by a U.S. airline.
“We know alternative fuels is an emerging industry that is vital to the future of aviation and this is just one of our initiatives to help make these fuels saleable and scalable,” said United’s Executive Vice President and General Counsel Brett Hart.
“Investing in alternative fuels is not only good for the environment,” said Hart, “it’s a smart move for our company as biofuels have the potential to hedge against future oil price volatility and carbon regulations.”
Solving two problems at once, utilizing the inevitable stream of municipal solid waste, Fulcrum converts municipal garbage into aviation biofuel.
Read more at Environmental News Service.
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