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☆ Germany's Scholz targets green jet fuel role, Airbus investment
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +3 min

[1/2] German Chancellor Olaf Scholz and Transport Minister Volker Wissing attend the third national aviation conference at Lufthansa Technik, in Hamburg, Germany, September 25, 2023. Airbus (AIR.PA) is considering joining the consortium to use the fuel, HH2E said. Scholz also said Germany was targeting investment for a potential new plane to replace the Airbus single-aisle A320. "We would like to see further investment in aviation - not just in Hamburg, but throughout Germany, as part of the successor to the Airbus A320," he said. In July, Airbus expanded production of the same series in Toulouse, France, to meet rising demand.

Persons: Olaf Scholz, Volker Wissing, Fabian Bimmer, HH2E, Scholz, Carsten Spohr, planemaker, Andreas Rinke, Tim Hepher, Rachel More, Friederike Heine, Barbara Lewis, Sharon Singleton Organizations: Lufthansa Technik, REUTERS, Rights, Airbus, DHL, National Aviation Conference, EU, Industry, Lufthansa, SAF, Thomson Locations: Hamburg, Germany, Europe, France, German, Toulouse

☆ Biden's IRA Drives Surge in US Imports of Chinese Used Cooking Oil
▼ + stars: | 2023-09-22 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +3 min

By Andrew HayleyBEIJING (Reuters) - U.S. incentives to boost consumption of more environmentally friendly fuel has created a new market for used Chinese cooking oil, worth almost $390 million in the last 12 months and growing rapidly, China's customs data shows. In the first eight months of 2023, Chinese exports of used cooking oil (UCO) to the U.S. totalled almost 384,000 metric tons, customs data shows. Used cooking oil can be refined into fuels such as biodiesel and SAF, which can be blended with conventional fuels to reduce carbon emissions. State-run Chinese oil majors Sinopec and PetroChina, which are among those shipping UCO cargoes to the U.S., according to Kpler, did not respond to requests for comment. Used cooking oil can be one-third the price of fresh vegetable oil, and has lower carbon intensity than non-waste feedstocks such as palm or canola oil.

Persons: Andrew Hayley BEIJING, Biden, Kpler, Sophie Byron, Global's Byron, Andrew Hayley, Stephanie Kelly, Christian Schmollinger Organizations: U.S, SAF, P, Argonne National Laboratory, U.S . Department of Agriculture, Exports, European Commission, European Union Locations: China, U.S, California, Argonne, U.S . China, Europe, Germany

☆ Here are Friday's biggest analyst calls: Apple, GM, Amazon, Zoom, Arm, Rivian, Ford, Deere & more
▼ + stars: | 2023-09-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

HSBC initiates Zoom as buy HSBC said Zoom is the leader in video conferencing. HSBC initiates Deere as buy HSBC said in its initiation of Deere that it sees "upside in the cycle." HSBC initiates Salesforce as buy HSBC said in its initiation of the stock that it's a "margin expansion story." HSBC initiates Snowflake as buy HSBC said Snowflake is well positioned for AI. HSBC initiates Oracle a buy HSBC said in its initiation of Oracle it likes the company's cloud platform.

Persons: Morgan Stanley, Rivian, it's, TD Cowen, Needham, Piper Sandler, Piper, KEY's, Lauder, Redburn, Wolfe, Goldman Sachs, Goldman, Casella, Zoom, Snowflake, Northcoast, Apple, Salesforce, Ford Organizations: Bank of America, underperform Bank of America, HSBC, Anheuser, Busch InBev, UBS, WWE, UFC, Systems, Moffett, Deere, Oracle, of America, Amazon, Apple, Lenovo, Adobe, General Motors, Ford, GM, UAW Locations: Americas, 2H23, North America, U.S, China

The Parliament said that sustainable fuels will include “synthetic fuels, certain biofuels produced from agricultural or forestry residues, algae, bio-waste, used cooking oil or certain animal fats." However, stocks of sustainable aviation fuel remain low. The EU Aviation Safety Agency says supply accounts for less than 0.05% of total EU aviation fuel use. On Sept. 5, the head of the German airline Lufthansa warned automakers to keep their hands off synthetic aviation fuels. Carsten Spohr said sustainable fuels represented the only workable way to decarbonize aviation, and there wouldn't be enough for the car industry as well.

Persons: Carsten Spohr Organizations: European Commission, EU, EU Aviation Safety Agency, Aviation, German, Lufthansa Locations: BRUSSELS, Strasbourg, France

An easyJet Airbus A320neo aircraft is parked on the tarmac of Adolfo Suarez Madrid-Barajas Airport, in Madrid, Spain, June 22 2022. REUTERS/Isabel Infantes/File Photo Acquire Licensing RightsCompanies Easyjet PLC FollowLONDON, Sept 6 (Reuters) - Decarbonisation efforts in the aviation sector will cost more money, but that cost should not fall to the consumer, easyJet Chief Executive Johan Lundgren said on Wednesday. He added that options to decarbonise, like creating sustainable aviation fuels, are not yet at scale and cost three to five times more than typical jet fuel. Lundgren also said a wide range of stakeholders including governments needed to chip in to ensure decarbonisation costs remain low. A lot of the cost will depend on the speed of innovation, which Lundgren is hopeful can mitigate price hikes.

Persons: Adolfo Suarez, Isabel Infantes, Johan Lundgren, Lundgren, Sarah Young, Joanna Plucinska, Sachin Ravikumar, William James, Mark Heinrich Our Organizations: Airbus, Adolfo Suarez Madrid, Barajas Airport, REUTERS, Reuters IMPACT, Reuters, Thomson Locations: Madrid, Spain, London

☆ Here's how global trade will be key to unlocking the full potential of the green hydrogen market
▼ + stars: | 2023-08-29 | by ( Sponsor Post | Created Deloitte With Insider Studios | ) www.businessinsider.com time to read: +7 min

Inclusive, global trade is the keyFree trade can help lower the cost of energy transition. Deloitte's outlook showcases a steady hydrogen market growth, from $642 billion in annual revenue in 2030 to $1.4 trillion per year in 2050, in which green hydrogen comprises some 85% of the hydrogen market. Global trade between major regions can represent almost one-fifth of total clean hydrogen volume. The opportunity for developing economiesRegions with high renewable endowment and ample land availability could likely produce cost-competitive green hydrogen in quantities that exceed domestic needs. To find out more, read Deloitte's Green hydrogen: Energizing the path to net zero report.

Organizations: Government, Global, North, Deloitte Global, SAF, Deloitte Investments, Deloitte, Insider Studios, Deloitte Touche Tohmatsu Locations: North Africa, Australia, North America, East, South America, Africa, Japan, Korea, Europe, China, India, Middle East

☆ AI, EVs and more: Goldman names 5 'compelling' stocks to play major themes — giving one 60% upside
▼ + stars: | 2023-08-25 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

Analysts at Goldman Sachs named five stocks to play themes including artificial intelligence, electric vehicles and energy-efficiency, with two on its conviction list: Mercedes-Benz and Daikin Industries . The bank gave Mercedes' stock an estimated 48% upside to its 12-month price target. Goldman gave the stock an estimated 30% upside to its 12-month price target. The bank gave the stock an estimated 54% upside to its 12-month price target. Darling Ingredients , a feedstock and renewable diesel company in the United States, has a 60% upside to Goldman's 12-month price target, the bank said.

Persons: Goldman Sachs, Mercedes, TSMC, Goldman, firm's, Joe Biden's, — CNBC's Michael Bloom, Emma Newburger Organizations: Goldman, Benz, Daikin Industries, ICE, Mercedes, Taiwan Semiconductor Manufacturing Locations: United States, North America, Dutch

☆ Qantas to secure new planes from Airbus, Boeing
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

The multi-billion dollar order is split between 12 Airbus A350s and 12 Boeing 787s, which will arrive from fiscal 2027 and into the next decade, Qantas said. Qantas said the deal was aimed at providing a replacement for its current Airbus A330 and Airbus A380 aircraft. This has the potential to meet up to 90% of the group’s interim SAF target for 2030, Qantas said. "SAF reduces lifecycle carbon emissions by up to 80 per cent and is a key part of Qantas’ emissions reduction plan," it said. Reuters earlier in the week had reported, citing industry sources, that Boeing was nearing a deal for its 787 Dreamliner aircraft with Qantas.

Persons: Loren Elliott, Vanessa Hudson, Stan Deal, Rishav Chatterjee, Shailesh Kuber, Maju Samuel Organizations: Qantas, Sydney Airport, REUTERS, Australia's Qantas Airways, Airbus, Boeing, SAF, Global, Incoming Qantas, Boeing Commercial Airplanes, Reuters, Thomson Locations: Australia, Sydney, Bengaluru

☆ JPMorgan executive explains why decarbonization is a megatrend that business can't ignore
▼ + stars: | 2023-08-22 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +9 min

"It doesn't matter whether you're an energy client, or a consumer products client, or a retail client, there is something about this megatrend that is going to impact your business model, your business," Variankaval told CNBC. Right now, Variankaval says, it's too soon to know exactly which climate tech companies are going to the winners and losers. It's a multi decade-long process," Variankaval told CNBC. In some segments of climate tech, there are debates about which solutions are better than others that take on a near religious fervor. So you need to diversify in terms of technologies, but also in time horizons," Variankaval told CNBC.

Persons: Rama Variankaval, decarbonization, Variankaval, Megatrend, —, Joe Biden, Sen, Joe Manchin, Chuck Schumer, James Clyburn, Frank Pallone, Kathy Catsor, Drew Angerer, Biden, signe, It's, it's, That's, We're Organizations: JP Morgan Securities LLC, Aspen, Bloomberg, Getty, JPMorgan Chase, CNBC, JPMorgan, United Nations, Carbon, SC, White, Federal Reserve Locations: Miami Beach , Florida, Paris, decarbonization, United

☆ Brazil govt pushes Congress to approve 'green' bills before COP28
▼ + stars: | 2023-08-18 | by ( Leticia Fucuchima | ) www.reuters.com time to read: +3 min

[1/2] A view of a wind farm is seen in the city of Osorio, in southern Brazil, November 30, 2007. Rollemberg said the government-sponsored bills would be focused on four main topics: establishing a new carbon market, regulating offshore wind power, launching the "Fuel of the Future" project and regulating green hydrogen. That bill might be submitted to Congress as early as next week, the secretary said. It's more than enough time for Congress to pass all the bills," Rollemberg said. The South American nation is set to host the U.N. climate talks in 2025 in the Amazonian town of Belem.

Persons: Jamil Bittar, Rodrigo Rollemberg, Luiz Inacio Lula da Silva, Jair Bolsonaro, Lula, Rollemberg, Leticia Fucuchima, Gabriel Araujo, Marguerita Choy Organizations: REUTERS, Rights, Boeing, SAO PAULO, Reuters, United Nations, SAF, Thomson Locations: Osorio, Brazil, BRAZIL, Dubai, Belem

☆ Why the FTC’s Lina Khan Is Taking on Big Tech, Even if It Means Losing
▼ + stars: | 2023-07-31 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Fueling Jets With Trash? Investment Flows Into Sustainable Aviation Fuel Used cooking oils, animal byproducts—and soon your trash—are being used to cut a major source of global emissions: air travel. WSJ explores whether the recent surge in investment in sustainable aviation fuel will help the industry finally take off. Photo Illustration: Ryan Trefes

Persons: Ryan Trefes Organizations: Aviation

☆ Neste's output snafu dents net-zero aviation goals
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

Neste’s production woes are a big headache for Chief Executive Matti Lehmus but also for the aviation sector. That includes up to 1 million tons of sustainable aviation fuel (SAF), which is key to make planes greener as it cuts carbon emissions by up to 80%. Neste is now predicting that it will produce 230,000 tons less of renewable diesel and sustainable aviation fuel in the second half of 2023. Neste's production problems will further complicate the aviation race to net zero. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Matti Lehmus, Pamela Barbaglia, Lisa Jucca, Streisand Neto Organizations: Reuters, Twitter, Thales, Thomson Locations: Singapore, Neste

☆ Robin Hood tariff could curb airline emissions
▼ + stars: | 2023-07-24 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

Nevertheless, aircraft are responsible for about 4% of global warming from carbon emissions and the vapour trails they leave behind in the sky. A more viable short-term option is to run planes on sustainable aviation fuels (SAF). The third option is to tax either the kerosene that airlines burn or the emissions they spew out into the atmosphere. So far only the EU, United Kingdom and some smaller countries are doing this via emissions trading schemes (ETS). To work, the plan would need to channel Robin Hood, the legendary English outlaw who stole from the rich to give to the poor.

Persons: Emmanuel Macron, Robin Hood, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Aviation, Reuters Graphics Reuters, SAF, European Union, EU, Transport, FLYERS, International Civil Aviation Organisation, United Nations, ICAO, ETS, Airlines, Council, Clean Transportation, Thomson Locations: TINOS, GREECE, Europe, America, China, Greece, United Kingdom, United States

☆ The Race to Invent a Greener Jet Fuel
▼ + stars: | 2023-07-21 | by ( Ted Anton | ) www.wsj.com time to read: 1 min

Sustainable aviation fuels are approaching a breakthrough moment. Made mostly from agricultural, food and industrial waste or crops, SAFs are produced chemically or through microbial fermentation, as in a brewery, from non-fossil-fuel materials. Such materials range from used beef fat to trash to waste carbon from the atmosphere or factories. Used in a blend with traditional jet fuel, SAFs promise to cut carbon emissions from jets by as much as 80%.

☆ Sustainable Aviation Fuel Leader Talks Green Premiums and Impact of Tax Incentives
▼ + stars: | 2023-07-19 | by ( Dieter Holger | ) www.wsj.com time to read: +11 min

Many airlines, corporate fliers and governments see so-called sustainable aviation fuel, or SAF, as a way to reduce aviation’s contribution to global warming. It recently converted an oil refinery in California and is expanding its refineries in Singapore and Rotterdam. We worked on a former fossil-fuel refinery and converted that into a renewable refinery. The carbon footprint of aviation can be affected today from today’s SAF technology. It will continue to incentivize current SAF production, but it will be difficult to be the impetus for future production.

Persons: P, Chris Cooper, We’ve, we’ve, Neste, Dieter Holger Organizations: Aviation, International Energy Agency, International Council, Clean Transportation, SAF, Sustainable, Neste’s U.S, Airlines, International Air Transport Association, Neste, Bloomberg New Energy Finance Summit, Dallas Fort Worth International Airport, DHL, Amazon, Marathon Petroleum, Sustainable Business, today’s SAF, Air, dieter.holger Locations: California, Singapore, Rotterdam, U.S, Neste U.S, San Francisco, Dallas, City, Oakland, Air Canada, Alaska, American, Delta, Los Angeles, San Jose, Washington, York, New York, New Jersey, . Oregon

☆ UBS names its 'best single stock ideas' in the U.S. right now
▼ + stars: | 2023-07-19 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Swiss bank UBS has revealed a list of "key investment ideas," selecting stocks based on factors such as market conditions, economic trends and government policy. "We focus on the equity asset class and highlight our best single stock ideas in the US tied to select messages," the bank's Chief Investment Office stated in a July 17 research note, adding that its ideas are updated monthly. It also chose wind energy company Xcel Energy , which it said is "well positioned to outperform the S & P Utilities index over the next 12 months." Green investment, infrastructure ideas "Green investment, decarbonization commitments, consumer sentiment, and regulation will continue to drive the case for investing sustainably," UBS said in the note, picking several stocks under the "go sustainable" theme. "The stock ideas listed under key investment ideas reflect current views as of publication," the bank stated.

Persons: Burger King, Carey, telco, — CNBC's Michael Bloom Organizations: UBS, Investment, Brands, Xcel Energy, TJX Companies, Air Products, NextEra Energy, Constellation Energy, U.S Locations: North America, China

☆ Fueling Jets With Trash? Investment Flows Into Sustainable Aviation Fuel
▼ + stars: | 2023-07-13 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Supreme Court Bans Affirmative Action: What It Means for College Admissions The Supreme Court has banned colleges from using race as admission criteria, essentially ending affirmative action. California did the same 25 years ago. WSJ explains how what happened then can offer a roadmap for what could happen now. / Photo Illustration: Madeline Marshall

Persons: Madeline Marshall Organizations: College Locations: California

MEXICO CITY, July 5 (Reuters) - Mexican airline Viva Aerobus has signed a memorandum of understanding to purchase 90 Airbus A321neo aircraft, the carrier said on Wednesday, in a deal likely worth several billion dollars. The companies did not name a price for the aircraft, and Airbus no longer publishes catalog prices. The agreement brings Viva's order book up to 170 Airbus aircraft, the carrier said in a statement, all part of the A320 family. In April, Viva signed an agreement with SAF producer Neste (NESTE.HE) to purchase 1 million liters of the fuel. Viva said the aircraft order would drive both domestic and international growth plans, taking into account that Mexico is expected to recover a U.S. air safety rating in coming months.

Persons: Pratt, Whitney, Viva, Neste, Aeromexico, Volaris, Kylie Madry, Raul Cortes, Tim Hepher, Bill Berkrot Organizations: MEXICO CITY, Viva Aerobus, Airbus, Paris Airshow, Whitney, Pratt, SAF, U.S . Federal Aviation Administration, U.S, Allegiant, Thomson Locations: MEXICO, Mexico, U.S

☆ Boom Supersonic is building its own engine after major manufacturers refused to help. Here's what we know about Symphony, which will power the super-speedy Overture jet.
▼ + stars: | 2023-06-21 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +3 min

Last December, it decided to make its own engine after engine manufacturers refused to help. Now its Symphony engine will be made with the help of FTT, GE Additive, and StandardAero. Sustainable aviation fuel is made from sources like cooking oil and waste, and can reduce carbon emissions by up to 80% compared to traditional jet fuel. The company is aiming to be net zero by 2025, and Scholl said using sustainable aviation fuel is key to this. Boom's Symphony engine.

Persons: —, Blake Scholl, Scholl, Pete Syme, Boom, Royce Organizations: Supersonic, GE, Morning, Paris Air, SAF, FAA, United Airlines, American Airlines Locations: New York, London, Florida

☆ China's state planner signs letter of intent to cooperate with European corporate giants
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

BEIJING, June 21 (Reuters) - China's state planner this week signed letters of intent in Berlin on cooperation with European corporate heavyweights in areas ranging from aviation and chemicals to automobiles, as the world's second-largest economy seek to lobby for stronger ties with Europe. The Chinese state planner said it will work with the relevant companies to advance cooperation in areas including sustainable aviation fuel, low-carbon product production, and new-energy vehicles. Li, who was on his first overseas visit since becoming premier in March, had warned against any economic decoupling from Beijing. "Lack of cooperation is the biggest risk, and lack of development is the biggest insecurity," he said. Reporting by Ethan Wang and Ryan Woo in Beijing, Twinnie Siu in Hong Kong; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Premier Li Qiang, Li, Ethan Wang, Ryan Woo, Twinnie Siu, Jonathan Oatis Organizations: Airbus, BASF, Siemens, Benz, BMW, Volkswagen, China's National, Reform, Premier, European Union, Thomson Locations: BEIJING, Berlin, Europe, China, Germany, West, Beijing, Hong Kong

☆ The future of travel: 10 concepts that will change the way we experience the world
▼ + stars: | 2023-06-20 | by ( Kate Springer | ) edition.cnn.com time to read: +22 min

Concepts that feel plucked from sci-fi novels and films are quickly making their way into mainstream travel, shaping every step of the journey. Seamus PayneLike air travel, eco-conscious hotels are paving the way for more sustainable travel in the future. HyperloopTTUS entrepreneur Elon Musk has been talking about hyperloop technology – an ultra-high-speed transport system in a low-pressure vacuum tube – for years. Meanwhile, Toronto-based TransPod hopes to bring hyperloop technology to Canada with its eponymous tube-based transportation system powered by renewable energy. By 2025, the company plans to build a 620-mile-per-hour TransPod link between Calgary and Edmonton, connecting the two cities in 45 minutes.

Persons: Elijah Nouvelage, Indira Gandhi, Paris Charles de Gaulle, Austin Farmer, we’ll, don’t, David ”, you’ll, Alexander the Great, ” Michael Breer, KAWS, collectables –, Breer, ” Breer, You’ve, ” Jetson, Peter Ternstrom, Apollo, Cruise, ”, what’s, Boom’s, –, Seamus Payne, room2, Marcel Breuer, Tesla, charades, Yusaku Maezawa, Elon Musk, hyperloop, Virgin Hyperloop, HyperloopTT, Hardt Hyperloop Organizations: CNN, Travel, Hartsfield, Jackson Atlanta International Airport, Bloomberg, Getty, Dubai International Airport, Hong Kong International Airport, Indira, Indira Gandhi International, European Union, Emirates, Dubai International, American Airlines, United, Delta, Bluetooth, Alaska Airlines, Lufthansa, Qatar Airways, Specterras Productions, CNN Travel, VR, Aircraft, Federal Aviation Administration, Baidu, Hyundai, Las, CNN Travel ., Alphabet Inc, Beta, International Civil Aviation Organization, Alice, DHL, Air New, Concorde, Japan Airlines, Bauhaus, CEH Technologies, Origin, SpaceX, International Space, NASA, Galactic, Space Training Academy, Nastar Center, Boring Company, Virgin, Hyperloop Transportation Technologies, China Morning Post, China Aerospace Science, Industry Corporation, European Hyperloop Center Locations: Singapore, Dubai, Tokyo Narita, Tokyo Haneda, Delhi, London Heathrow, Paris, Dutch, Europe, Florence, Palmyra, Machu Picchu, New York, Ehang, China, Boston, Las Vegas, Motional, Phoenix, San Francisco, Los Angeles, North America, Austin, Beijing, Chongqing, Wuhan, Shanghai, Guangzhou, Mexico, Air New Zealand, Denver, New York City, Frankfurt, LA, Sydney, London, New Haven , Connecticut, Hungarian, Norway, Red, Saudi Arabia, Amsterdam, Chicago, Cleveland, Pittsburgh, Shanxi province, Netherlands, Toronto, Canada, Calgary, Edmonton

☆ The world’s most eco-conscious airlines
▼ + stars: | 2023-06-16 | by ( Elissa Garay | ) edition.cnn.com time to read: +12 min

CNN —Most sustainability experts will scoff at the idea of “sustainable” and “airlines” in the same sentence. In 2022, an Airbus wide-body Beluga XL transport aircraft was filled with Sustainable Aviation Fuel" (SAF) for the first time. WiderøeNorway-based Widerøe, the largest regional airline in Scandinavia, says it is on track to become one of the world’s first fully emissions-free airlines. Alaska AirlinesAlaska Airlines has invested heavily in Sustainable Aviation Fuels (SAF). AaronP/Bauer-Griffin/GC Images/Getty ImagesWhile most major global airlines are targeting 2050 for net-zero carbon emissions, Alaska Airlines intends to meet that target as soon as 2040.

Persons: ”, Pedro Piris, Sola Zheng, Sina Schuldt, Nicolas Jammes, ” Akbar Al Baker, “, Zheng, –, that’s, it’s, Beata Zawrzel, Fabrizio Gandolfo, Nicolas Economou, Bauer, Griffin, It’s Organizations: CNN, Environmental Defense Fund, International Council, Clean Transportation, Commercial, International Air Transport Association, UN, Airbus, Beluga XL, Sustainable Aviation, Qatar Airways, SAF, European Union, Google, Environmental Defense, Airlines, United Airlines United, Aerospace, United, Flight Fund, Widerøe Norway, Widerøe, Royce, SAS SAS, Scandinavian, SAS, Wizz, Wizz Air, Etihad Airways Etihad, Getty, Etihad Airways, United Arab Emirates, Boeing, Etihad, Alaska Airlines Alaska Airlines, Aviation Fuels, AaronP, Alaska Airlines, Air Canada Canadian, Air Canada Locations: Europe, Denmark, Sweden, ICCT, Scandinavia, Norway, Canada

☆ Avolon says $4 trln needed to transform global jet fleet
▼ + stars: | 2023-06-13 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

REUTERS/Mike BlakePARIS, June 13 (Reuters) - Global aviation needs $4 trillion of capital over the next 20 years to fund new commercial deliveries and transform the world's fleet, leasing firm Avolon said on Tuesday. The world's commercial passenger aircraft fleet is set to nearly double to 46,880 aircraft by 2042, the Dublin-based firm predicted. Environmental critics say such rapid growth of commercial aviation is at odds with its environmental objectives. Avolon has said the main focus should be on increasing the supply of Sustainable Aviation Fuels. Europe's Airbus will maintain leadership of the narrow-body market with its current 53% share of the fleet rising to 58% by 2042, Avolon predicted.

Persons: Mike Blake PARIS, Avolon, Tim Hepher, Conor Humphries Organizations: Delta Airlines, REUTERS, Global, . Airlines, Sustainable Aviation Fuels, Airbus, Boeing, Embraer, Thomson Locations: San Diego , California, U.S, Dublin, China

Reducing fuel's carbon intensity is critical to Canada's efforts to curb greenhouse gas emissions by at least 40% from 2005 levels by 2030. But Canada's location bordering the United States makes it especially vulnerable to a possible future flood of cheaper U.S. biofuels, said Ian Thomson, president of Advanced Biofuels Canada. The lobby group estimates there are some C$10 billion worth of Canadian projects at early stages of development, not counting more advanced ones by Imperial Oil (IMO.TO) and others. Canada offers nothing similar, but unlike the United States, has negative incentives such as a carbon tax. The companies considering investment in the United States include Arbios Biotech, a joint venture of forestry company Canfor (CFP.TO) and Licella Holdings.

Persons: Justin Trudeau's, Joe Biden, Ian Thomson, Thomson, Don Roberts, Roberts, feedstocks, Keean Nembhard, Frank Almaraz, Almaraz, Pete Sheffield, Rob Colcleugh, Colcleugh, Rod Nickel, Steve Scherer, Denny Thomas, Matthew Lewis Organizations: Tidewater Renewables, REUTERS, U.S, Advanced Biofuels, Imperial Oil, Arbios Biotech, Licella Holdings, OTTAWA Biofuels, Ottawa, Reuters, Canada, Fortis, Thomson Locations: Tidewater, Prince George, British Columbia, Canada, REUTERS WINNIPEG , Manitoba, United States, Columbia, U.S, Ottawa, Newfoundland, Labrador, Canadian, Alberta, Winnipeg , Manitoba

☆ Darling Ingredients CEO Randall Stuewe goes one-on-one with Jim Cramer
▼ + stars: | 2023-06-12 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Darling Ingredients CEO Randall Stuewe goes one-on-one with Jim CramerDarling Ingredients Chairman and CEO Randall Stuewe talks to 'Mad Money' host Jim Cramer about sustainable aviation fuel, future company growth, and more.

Persons: Randall Stuewe, Jim Cramer Darling, Jim Cramer

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