From eb98209205f91a6b47d8b639051f080886d6f313 Mon Sep 17 00:00:00 2001 From: Natalie Shufelt Date: Sat, 11 Jan 2025 16:43:47 +0100 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..ef534df --- /dev/null +++ b/Clean-Getaway%3A-Meat-Waste-Joins-Biofuels-At-Luxury-Jet-Show.md @@ -0,0 +1,24 @@ +
By [Allison](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Lampert
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LAS VEGAS, Oct 22 (Reuters) - At the world's greatest industry program in Las Vegas high-end jets are [drawing](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) buyers with their sleek silhouettes, luxurious cabins - and increasingly, their use of alternative fuels.
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Fuel producers and jetmakers are eager to showcase unique types of air travel fuel deemed less harmful to the climate, from used cooking oil to the distinctly less [attractive meat](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) waste.
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Business jet operators, like airlines, have bowed to environmental pressure on air travel and committed to cutting in half carbon emissions by 2050 [compared](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to 2005.
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Their hope is that embracing sustainable fuel to curb emissions could make company jets more attractive to [ecologically mindful](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) purchasers - particularly corporations dealing with questions over sustainability from investors or [green campaign](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) groups.
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The availability of less jets might also spare the abundant and famous the negative publicity experienced by Britain's Prince Harry and his partner Meghan over a current private jet trip to southern France.
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Five Gulfstream jets on screen in Las Vegas are using California-produced fuel from inedible beef tallow.
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The current waste-based fuels consist of "fats, grease and oils that are byproducts of the food market," stated Bryan Sherbacow, chief commercial officer of Boston-based [biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb) producer World Energy, which produces fuel from meat waste used by Gulfstream.
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"All of our product is inedible."
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A few of the other 79 aircraft on display screen are anticipated to be powered by 150,000 gallons of other sustainable fuel mixes expected to be pumped at the show.
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FLIGHT SHAMING
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Private jets account for less than 0.1% of overall annual carbon emissions globally, but can discharge, usually, as much as 20 times more [carbon emissions](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) per traveler mile than jetliners, according to the [London-based](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [private charter](https://www.bloomberg.com/profile/company/MNELF:US) firm Victor.
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Prince Harry has actually defended his [periodic](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) use of private jets to ensure his family's safety, and has actually said that on the uncommon celebrations he does not fly commercially he offsets his emissions.
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But planemakers say events such as the furore over his itinerary have actually included fresh challenges for a market currently making every effort to justify its contribution to [cutting corporate](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) costs.
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"Incidents of flight shaming involving the use of private jets are unfortunate when you consider that our market has provided fuel performance enhancements of 40% over the previous 40 years," stated Bombardier Aviation President David Coleal.
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Bombardier thinks [increased sustainable](https://forest500.org/rankings/companies/mission-newenergy-limited) fuel use will assist the market make inroads with [corporations](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and wealthy buyers. According to industry information, billionaires just have a 19% [service jet](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) ownership rate.
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But even an image [remodeling](https://www.crunchbase.com/organization/mission-newenergy) - with jets sporting sticker labels like "this airplane flies on renewable fuels" and organisers including alternative fuel pumps for going to aircrafts - is unlikely to satisfy all critics at the Oct 22-24 luxury jet event.
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Environmentalists and some analysts remain hesitant that biojetfuels, typically mixed 50-50 with kerosene, will make a significant effect on public understandings about high-end travel.
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"No amount of [Jatropha](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) or Brazil-nut fuel can make business jets look eco-friendly," stated aviation expert [Richard Aboulafia](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).
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Demand from company jet operators for sustainable fuels now far exceeds supply and their interest could drive future production, Sherbacow stated.
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World Energy, which produces 40 million gallons of [biofuel](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) at its California plant, might broaden production as much as 150 million gallons by 2022.
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Corporate charter business and consultants are likewise seeing more interest from customers who wish to buy carbon credits to balance out emissions from their flights.
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Brian Proctor, CEO of Mente Group, a U.S. consultancy, said emissions played a role in a [corporate jet](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) usage research study his business recently finished for a Fortune 500 company.
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"At the end of the day, I think that rate, expense per hour, variety, speed and performance, that's still the (sales) chauffeur. But I think individuals are ending up being more knowledgeable about the sustainability of operations and how it affects the planet." (Reporting By Allison Lampert, Editing by [Tim Hepher](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and Alexandra Hudson)
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