Add Clean Getaway: Meat Waste Joins Biofuels At Luxury Jet Show
commit
22d35f6328
|
@ -0,0 +1,24 @@
|
||||||
|
<br>By [Allison](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Lampert<br>
|
||||||
|
<br>LAS VEGAS, Oct 22 (Reuters) - At the world's greatest market show in Las Vegas high-end jets are drawing purchasers with their streamlined silhouettes, luxurious cabins - and progressively, their use of alternative fuels.<br>
|
||||||
|
<br>Fuel producers and are keen to showcase unique types of aviation fuel considered less harmful to the climate, from used cooking oil to the noticeably less glamorous meat waste.<br>
|
||||||
|
<br>Business jet operators, like airline companies, have bowed to ecological pressure on aviation and dedicated to cutting in half carbon emissions by 2050 compared with 2005.<br>
|
||||||
|
<br>Their hope is that adopting sustainable fuel to curb emissions could make service jets more attractive to environmentally mindful purchasers - particularly corporations dealing with concerns over sustainability from shareholders or green project groups.<br>
|
||||||
|
<br>The availability of less contaminating private jets could also spare the abundant and famous the negative publicity [experienced](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by [Britain's Prince](https://forest500.org/rankings/companies/mission-newenergy-limited) Harry and his wife Meghan over a recent personal jet journey to southern France.<br>
|
||||||
|
<br>Five Gulfstream jets on display screen in Las Vegas are using California-produced fuel from inedible beef tallow.<br>
|
||||||
|
<br>The latest [waste-based fuels](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [consist](https://pitchbook.com/profiles/company/51278-86) of "fats, grease and oils that are by-products of the food industry," said Bryan Sherbacow, chief commercial officer of Boston-based [biofuel](https://stocktwits.com/symbol/MNEL) manufacturer World Energy, which [produces fuel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) from meat waste used by Gulfstream.<br>
|
||||||
|
<br>"All of our product is inedible."<br>
|
||||||
|
<br>Some of the other 79 aircraft on display screen are expected to be powered by 150,000 gallons of other eco-friendly fuel blends anticipated to be pumped at the show.<br>
|
||||||
|
<br>FLIGHT SHAMING<br>
|
||||||
|
<br>[Private jets](https://www.google.com/search?kgmid=/m/0cqd_rb) account for less than 0.1% of overall annual carbon emissions worldwide, however can produce, typically, as much as 20 times more carbon emissions per guest mile than jetliners, according to the London-based private [charter firm](https://forest500.org/rankings/companies/mission-newenergy-limited) Victor.<br>
|
||||||
|
<br>Prince Harry has actually safeguarded his periodic use of personal jets to ensure his family's security, and has said that on the unusual occasions he does not fly commercially he offsets his emissions.<br>
|
||||||
|
<br>But planemakers say occurrences such as the furore over his travel plan have actually added fresh difficulties for a market currently aiming to validate its contribution to cutting business expenses.<br>
|
||||||
|
<br>"Incidents of flight shaming including making use of private jets are unfortunate when you consider that our industry has actually provided fuel effectiveness improvements of 40% over the previous 40 years," [stated Bombardier](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Aviation President David Coleal.<br>
|
||||||
|
<br>Bombardier thinks [increased sustainable](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) fuel use will assist the market make inroads with corporations and wealthy buyers. According to market information, billionaires only have a 19% business jet ownership rate.<br>
|
||||||
|
<br>But even an image transformation - with jets sporting sticker labels like "this aircraft flies on sustainable fuels" and organisers [including alternative](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [fuel pumps](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) for [checking](https://www.pinterest.com.au/missionnewenergy/) out airplanes - is not likely to please all critics at the Oct 22-24 high-end jet occasion.<br>
|
||||||
|
<br>Environmentalists and some analysts remain [doubtful](https://www.crunchbase.com/organization/mission-newenergy) that biojetfuels, normally mixed 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.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) or Brazil-nut fuel can make business jets look eco-friendly," said aviation expert Richard Aboulafia.<br>
|
||||||
|
<br>Demand from service jet operators for eco-friendly fuels now far exceeds supply and their interest could drive future production, Sherbacow said.<br>
|
||||||
|
<br>World Energy, which produces 40 million gallons of [biofuel](https://www.crunchbase.com/organization/mission-newenergy) at its [California](https://forest500.org/rankings/companies/mission-newenergy-limited) plant, could [broaden production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) up to 150 million gallons by 2022.<br>
|
||||||
|
<br>Corporate charter business and experts are also seeing more interest from clients who wish to [buy carbon](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) credits to balance out emissions from their flights.<br>
|
||||||
|
<br>Brian Proctor, CEO of Mente Group, a U.S. consultancy, said [emissions played](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) a role in a business jet usage study his company 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 efficiency, that's still the (sales) motorist. But I believe people are becoming more familiar with the sustainability of operations and how it affects the world." (Reporting By Allison Lampert, Editing by Tim Hepher and Alexandra Hudson)<br>
|
Loading…
Reference in New Issue