From 25b072f68e10928f31d07ac382051817e20e2dea Mon Sep 17 00:00:00 2001 From: Elaine Rudduck Date: Sat, 11 Jan 2025 20:29:44 +0800 Subject: [PATCH] Add Clean Getaway: Meat Waste Joins Biofuels At Luxury Jet Show --- ...Waste-Joins-Biofuels-At-Luxury-Jet-Show.md | 24 +++++++++++++++++++ 1 file changed, 24 insertions(+) create mode 100644 Clean-Getaway%3A-Meat-Waste-Joins-Biofuels-At-Luxury-Jet-Show.md diff --git a/Clean-Getaway%3A-Meat-Waste-Joins-Biofuels-At-Luxury-Jet-Show.md b/Clean-Getaway%3A-Meat-Waste-Joins-Biofuels-At-Luxury-Jet-Show.md new file mode 100644 index 0000000..d34bc05 --- /dev/null +++ b/Clean-Getaway%3A-Meat-Waste-Joins-Biofuels-At-Luxury-Jet-Show.md @@ -0,0 +1,24 @@ +
By [Allison](https://pitchbook.com/profiles/company/51278-86) Lampert
+
LAS VEGAS, Oct 22 (Reuters) - At the world's biggest industry show in Las Vegas luxury jets are [enticing purchasers](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) with their streamlined silhouettes, luxurious cabins - and significantly, their usage of alternative fuels.
+
Fuel manufacturers and jetmakers are eager to display novel kinds of aviation fuel considered less harmful to the environment, from utilized cooking oil to the noticeably less attractive meat waste.
+
Business jet operators, like airlines, have acquiesced [environmental pressure](https://www.zoominfo.com/c/mission-newenergy/346542889) on aviation and committed to cutting in half carbon emissions by 2050 compared with 2005.
+
Their hope is that adopting eco-friendly fuel to [suppress emissions](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) might make business jets more appealing to [ecologically mindful](https://pitchbook.com/profiles/company/51278-86) purchasers - specifically corporations dealing with concerns over sustainability from shareholders or [green project](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) groups.
+
The accessibility of less contaminating private jets might likewise spare the abundant and famous the unfavorable publicity experienced by Britain's Prince Harry and his partner Meghan over a [current personal](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) jet trip to [southern France](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).
+
Five Gulfstream jets on screen in Las Vegas are using California-produced fuel from beef tallow.
+
The newest waste-based fuels include "fats, grease and oils that are byproducts of the food industry," said Bryan Sherbacow, primary commercial officer of Boston-based [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) manufacturer World Energy, which produces fuel from meat waste used by Gulfstream.
+
"All of our product is inedible."
+
Some of the other 79 aircraft on display screen are anticipated to be powered by 150,000 gallons of other renewable fuel [blends expected](https://www.pinterest.com.au/missionnewenergy/) to be pumped at the show.
+
FLIGHT SHAMING
+
Private jets account for less than 0.1% of total yearly carbon emissions worldwide, however can give off, on average, up to 20 times more carbon emissions per guest mile than jetliners, according to the London-based [private charter](https://pitchbook.com/profiles/company/51278-86) company Victor.
+
Prince Harry has actually safeguarded his periodic usage of private jets to guarantee his [household's](https://pitchbook.com/profiles/company/51278-86) safety, and has actually said that on the rare occasions he does not [fly commercially](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) he offsets his [emissions](https://www.google.com/search?kgmid=/m/0cqd_rb).
+
But planemakers state events such as the furore over his itinerary have actually added fresh challenges for a market already aiming to justify its contribution to cutting business expenses.
+
"Incidents of flight shaming involving using private jets are unfortunate when you think about that our industry has actually provided fuel performance improvements of 40% over the past 40 years," stated Bombardier Aviation President David Coleal.
+
Bombardier believes increased sustainable fuel usage will help the market make inroads with corporations and rich purchasers. According to market information, billionaires just have a 19% company jet ownership rate.
+
But even an image [remodeling](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) - with jets sporting stickers like "this aircraft flies on sustainable fuels" and [organisers adding](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) alternative fuel pumps for visiting airplanes - is unlikely to satisfy all critics at the Oct 22-24 luxury jet event.
+
Environmentalists and some analysts remain doubtful that biojetfuels, usually blended 50-50 with kerosene, will make a considerable effect on public understandings about luxury travel.
+
"No amount of [Jatropha](https://www.zoominfo.com/c/mission-newenergy/346542889) or Brazil-nut fuel can make business jets look eco-friendly," stated aviation expert Richard Aboulafia.
+
Demand from organization jet operators for renewable fuels now far goes beyond supply and their interest could drive future production, Sherbacow stated.
+
World Energy, which produces 40 million gallons of [biofuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) at its California plant, could expand production approximately 150 million gallons by 2022.
+
[Corporate charter](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) companies and specialists are also seeing more interest from customers who wish to purchase carbon credits to balance out emissions from their flights.
+
Brian Proctor, CEO of Mente Group, a U.S. consultancy, said emissions played a role in a [corporate jet](https://www.pinterest.com.au/missionnewenergy/) usage research study his company recently completed for a [Fortune](https://www.bloomberg.com/profile/company/MNELF:US) 500 company.
+
"At the end of the day, I believe that price, expense per hour, range, speed and performance, that's still the (sales) motorist. But I believe people are becoming more familiar with the sustainability of operations and how it impacts the planet." (Reporting By Allison Lampert, Editing by Tim Hepher and Alexandra Hudson)
\ No newline at end of file