commit
2ed75bfda5
@ -0,0 +1,24 @@
|
|||||||
|
<br>By Allison Lampert<br>
|
||||||
|
<br>LAS VEGAS, Oct 22 (Reuters) - At the world's biggest industry show in Las Vegas high-end jets are [enticing purchasers](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) with their smooth shapes, luxurious cabins - and increasingly, their use of alternative fuels.<br>
|
||||||
|
<br>Fuel producers and jetmakers are eager to display unique forms of aviation fuel considered less harmful to the climate, from utilized cooking oil to the distinctly less glamorous meat waste.<br>
|
||||||
|
<br>Business jet operators, like airline companies, have bowed to [ecological pressure](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) on air travel and devoted to halving carbon emissions by 2050 compared to 2005.<br>
|
||||||
|
<br>Their hope is that adopting sustainable fuel to suppress emissions might make service jets more appealing to environmentally conscious [purchasers -](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) particularly questions over sustainability from shareholders or green campaign groups.<br>
|
||||||
|
<br>The [availability](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of less [polluting private](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) jets might likewise spare the rich and popular the negative publicity experienced by Britain's Prince Harry and his spouse Meghan over a current personal jet journey to southern France.<br>
|
||||||
|
<br>Five Gulfstream jets on screen in Las Vegas are using California-produced fuel from inedible beef tallow.<br>
|
||||||
|
<br>The most current waste-based fuels include "fats, grease and oils that are byproducts of the food market," stated Bryan Sherbacow, chief commercial officer of Boston-based [biofuel](https://www.crunchbase.com/organization/mission-newenergy) manufacturer World Energy, which [produces fuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from meat waste utilized by Gulfstream.<br>
|
||||||
|
<br>"All of our item is inedible."<br>
|
||||||
|
<br>A few of the other 79 aircraft on display are expected to be powered by 150,000 gallons of other [renewable fuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [blends expected](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to be pumped at the show.<br>
|
||||||
|
<br>FLIGHT SHAMING<br>
|
||||||
|
<br>Private jets [represent](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) less than 0.1% of overall annual carbon [emissions](https://pitchbook.com/profiles/company/51278-86) worldwide, but can discharge, on average, approximately 20 times more carbon emissions per traveler mile than jetliners, according to the [London-based personal](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) charter company Victor.<br>
|
||||||
|
<br>Prince Harry has defended his periodic usage of [personal](https://www.google.com/search?kgmid=/m/0cqd_rb) jets to guarantee his household's security, and has said that on the rare occasions he does not fly commercially he offsets his emissions.<br>
|
||||||
|
<br>But planemakers say occurrences such as the furore over his itinerary have actually added fresh obstacles for a market already making every effort to validate its contribution to cutting business costs.<br>
|
||||||
|
<br>"Incidents of flight shaming involving using private jets are regrettable when you think about that our industry has provided fuel effectiveness enhancements of 40% over the past 40 years," said Bombardier Aviation President [David Coleal](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
|
||||||
|
<br>[Bombardier](https://www.google.com/search?kgmid=/m/0cqd_rb) thinks increased sustainable fuel use will help 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 remodeling - with jets sporting sticker labels like "this airplane flies on eco-friendly fuels" and organisers including alternative fuel pumps for visiting aircrafts - is not likely to satisfy all critics at the Oct 22-24 high-end jet event.<br>
|
||||||
|
<br>Environmentalists and some analysts remain [doubtful](https://www.crunchbase.com/organization/mission-newenergy) that biojetfuels, generally combined 50-50 with kerosene, will make a substantial influence on public understandings about luxury travel.<br>
|
||||||
|
<br>"No quantity of [Jatropha](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) or Brazil-nut fuel can make company jets look eco-friendly," stated aviation analyst Richard Aboulafia.<br>
|
||||||
|
<br>Demand from business jet operators for eco-friendly fuels now far [surpasses supply](https://forest500.org/rankings/companies/mission-newenergy-limited) and their interest could drive future production, Sherbacow said.<br>
|
||||||
|
<br>World Energy, which produces 40 million gallons of [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) at its California plant, could broaden production approximately 150 million gallons by 2022.<br>
|
||||||
|
<br>Corporate charter companies and experts are likewise seeing more interest from consumers who wish to purchase carbon credits to offset emissions from their flights.<br>
|
||||||
|
<br>Brian Proctor, CEO of Mente Group, a U.S. consultancy, said emissions contributed in a business [jet usage](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) research study his business just recently completed for a Fortune 500 [company](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
|
||||||
|
<br>"At the end of the day, I believe that rate, cost per hour, variety, speed and performance, that's still the (sales) driver. But I think individuals are ending up being more familiar with 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