Add Clean Getaway: Meat Waste Joins Biofuels At Luxury Jet Show
commit
2b31a169a6
|
|
@ -0,0 +1,24 @@
|
|||
<br>By Allison Lampert<br>
|
||||
<br>LAS VEGAS, Oct 22 (Reuters) - At the world's biggest market program in Las Vegas luxury jets are enticing buyers with their streamlined shapes, [luxurious cabins](https://pitchbook.com/profiles/company/51278-86) - and increasingly, their usage of alternative fuels.<br>
|
||||
<br>Fuel producers and jetmakers are eager to showcase unique types of aviation fuel considered less damaging to the climate, from used cooking oil to the [noticeably](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) less attractive meat waste.<br>
|
||||
<br>Business jet operators, like airlines, have bowed to environmental pressure on aviation and committed to cutting in half carbon emissions by 2050 compared to 2005.<br>
|
||||
<br>Their hope is that adopting eco-friendly fuel to suppress emissions could make [business jets](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) more [attractive](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) to environmentally mindful buyers - particularly corporations dealing with concerns over sustainability from [investors](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) or [green campaign](https://www.businessnews.com.au/Company/Mission-NewEnergy) groups.<br>
|
||||
<br>The [accessibility](https://www.pinterest.com.au/missionnewenergy/) of less [contaminating personal](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) jets might likewise spare the abundant and popular the unfavorable publicity experienced by Britain's Prince Harry and his wife Meghan over a current private jet trip to southern France.<br>
|
||||
<br>Five Gulfstream jets on screen in Las Vegas are utilizing California-produced fuel from inedible beef tallow.<br>
|
||||
<br>The most recent [waste-based fuels](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) consist of "fats, grease and oils that are byproducts of the food market," said Bryan Sherbacow, primary commercial officer of Boston-based [biofuel](https://stocktwits.com/symbol/MNEL) producer World Energy, which produces fuel from meat waste utilized by Gulfstream.<br>
|
||||
<br>"All of our product is inedible."<br>
|
||||
<br>Some of the other 79 airplane on screen are anticipated to be powered by 150,000 gallons of other renewable fuel [mixes expected](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to be pumped at the show.<br>
|
||||
<br>FLIGHT SHAMING<br>
|
||||
<br>Private jets represent less than 0.1% of total yearly carbon emissions worldwide, however can discharge, usually, up to 20 times more carbon emissions per guest mile than jetliners, according to the London-based [private charter](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) firm Victor.<br>
|
||||
<br>Prince Harry has actually safeguarded his occasional usage of personal jets to his family's security, and has said that on the unusual events he does not fly [commercially](https://pitchbook.com/profiles/company/51278-86) he offsets his emissions.<br>
|
||||
<br>But planemakers say incidents such as the furore over his schedule have included fresh difficulties for an industry currently aiming to justify its contribution to cutting business costs.<br>
|
||||
<br>"Incidents of flight shaming involving the usage of personal jets are regrettable when you think about that our market has delivered fuel performance enhancements of 40% over the past 40 years," said Bombardier Aviation President David Coleal.<br>
|
||||
<br>Bombardier believes increased sustainable fuel use will help the market make inroads with corporations and [wealthy buyers](https://www.businessnews.com.au/Company/Mission-NewEnergy). According to industry information, billionaires just have a 19% business jet ownership rate.<br>
|
||||
<br>But even an image transformation - with jets sporting stickers like "this aircraft flies on eco-friendly fuels" and organisers including [alternative fuel](https://www.google.com/search?kgmid=/m/0cqd_rb) pumps for [checking](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) out planes - is not likely to satisfy all critics at the Oct 22-24 luxury jet event.<br>
|
||||
<br>Environmentalists and some experts remain doubtful that biojetfuels, normally combined 50-50 with kerosene, will make a substantial influence on public perceptions about high-end travel.<br>
|
||||
<br>"No amount of [jatropha curcas](https://www.crunchbase.com/organization/mission-newenergy) or Brazil-nut fuel can make company jets look eco-friendly," stated aviation expert [Richard Aboulafia](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
|
||||
<br>Demand from business jet operators for eco-friendly fuels now far exceeds supply and their interest could drive future production, [Sherbacow stated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
|
||||
<br>World Energy, which [produces](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 40 million gallons of [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) at its California plant, could broaden production as much as 150 million gallons by 2022.<br>
|
||||
<br>Corporate charter business and consultants are likewise seeing more interest from customers who want to buy carbon credits to offset emissions from their flights.<br>
|
||||
<br>Brian Proctor, CEO of Mente Group, a U.S. consultancy, stated emissions played a function in a business jet usage research study his company just recently completed for a Fortune 500 company.<br>
|
||||
<br>"At the end of the day, I believe that cost, cost per hour, variety, speed and performance, that's still the (sales) chauffeur. But I believe people are becoming more aware of the sustainability of operations and how it impacts the planet." (Reporting By Allison Lampert, Editing by Tim Hepher and Alexandra Hudson)<br>
|
||||
Loading…
Reference in New Issue