Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

United Airlines unveils plan to fund more sustainable jet fuel made from trash

Stock MarketsApr 13, 2021 11:25AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop 2/2

By Tracy Rucinski and Ankit Ajmera

(Reuters) -United Airlines said on Tuesday it has partnered with global firms including Nike Inc (NYSE:NKE) and Siemens AG (OTC:SIEGY) in an "Eco-Skies Alliance" to finance use this year of about 3.4 million gallons of low-carbon, sustainable aviation fuel derived from trash.

Though tiny compared with the 4.3 billion gallons of jet fuel that United consumed in 2019 prior to the start of the COVID-19 pandemic, the amount triples the roughly 1 million gallons of sustainable fuel it has used each year since 2016.

Airlines have used sustainable fuel since 2008 as part of efforts to reduce outright emissions, but so far this represents barely 1% of the fuel used worldwide, industry groups say.

Chicago-based United named 11 of more than a dozen global partners for the plan but did not disclose the cost, or how much each would contribute.

Air transport accounts for 2%-3% of greenhouse gas emissions, the French aerospace association said on Tuesday. Environmental groups argue the sector's overall contribution is higher.

Partners include companies with corporate or cargo deals with United, like Nike, Siemens, Palantir and Japan's Takeda Pharmaceutical Co.

United said the project gives customers a way to help reduce the environmental impact of flying beyond buying carbon offsets and could help create more of a market for sustainable aviation fuels.

"We'll see how it develops," Chief Executive Scott Kirby (NYSE:KEX) told reporters. "I think there's a huge appetite for it."

The airline industry has focused more broadly on the purchase of carbon offsets to reduce the environmental impact of flying, pending the arrival of new technology to meet the sector's goal of halving net emissions by 2050 versus 2005.

Environmental critics say offsets do not directly address climate goals and mask the problem of ongoing jet emissions.

United, which along with some other carriers has said it wants to cut net emissions more aggressively by 100% by 2050, has criticized offsets and announced a recent investment in "carbon-capture" technology. It has invested in a sustainable aviation fuel producer called Fulcrum BioEnergy.

"While we know that aircraft are never going to be completely decarbonized, we are not going to use offsets as the way to get to 100% green," Kirby said.

Airline association IATA says life cycle greenhouse emissions from sustainable fuel can be at least 80% lower than normal fuel and are the only medium-term option for curbing emissions growth, since airlines cannot yet switch to electric planes.

Delta Air Lines (NYSE:DAL) has said it plans to replace 10% of its jet fuel, currently refined from fossil fuel, with sustainable aviation fuel by the end of 2030.

While using waste avoids taking land from food production, environmental groups like Transport & Environment say such supplies are limited and face competition from other sectors.

United Airlines unveils plan to fund more sustainable jet fuel made from trash
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
Notvery Goodathis
Peteymcletey Apr 13, 2021 3:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Why are the making it out of iphones?
Benjamin McIntire
Benjamin McIntire Apr 13, 2021 11:28AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Sounds like there is immense demand. How do we accelerate this trend of turning trash into fuel.
Ernie Keebler
Ernie Keebler Apr 13, 2021 9:34AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
So do they use currently available renewable fuels?  How much? Let's get some real reporting accomplished! As cars and trucks move to electric more biofuels will be available, lets migrate to those first, not spend unknown $$ on unproven fuel sustainability
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email