From a7b5b826ecf4f4bb44bae979b8da0f0969a365d9 Mon Sep 17 00:00:00 2001 From: Donnell Harbin Date: Sat, 11 Jan 2025 15:13:01 +0000 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..57e9783 --- /dev/null +++ b/Clean-Getaway%3A-Meat-Waste-Joins-Biofuels-At-Luxury-Jet-Show.md @@ -0,0 +1,24 @@ +
By Lampert
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LAS VEGAS, Oct 22 (Reuters) - At the world's biggest market show in Las [Vegas luxury](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) jets are tempting purchasers with their streamlined shapes, plush cabins - and significantly, their use of alternative fuels.
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Fuel producers and [jetmakers](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) are keen to display unique forms of aviation fuel deemed less hazardous to the environment, from utilized cooking oil to the noticeably less glamorous meat waste.
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Business jet operators, like airline companies, have actually bowed to [environmental pressure](https://www.google.com/search?kgmid=/m/0cqd_rb) on air travel and committed to halving carbon [emissions](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) by 2050 compared to 2005.
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Their hope is that adopting sustainable fuel to curb emissions could make organization jets more attractive to ecologically conscious purchasers - especially [corporations facing](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) concerns over sustainability from shareholders or green campaign groups.
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The accessibility of less [polluting personal](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) jets might also spare the abundant and [well-known](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) the unfavorable publicity experienced by [Britain's Prince](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Harry and his partner Meghan over a recent private jet trip to southern France.
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Five Gulfstream jets on [display](https://pitchbook.com/profiles/company/51278-86) in Las Vegas are [utilizing California-produced](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel from inedible beef tallow.
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The current waste-based fuels include "fats, grease and oils that are by-products of the food market," stated Bryan Sherbacow, chief business officer of Boston-based [biofuel](https://stocktwits.com/symbol/MNEL) manufacturer World Energy, which produces fuel from meat waste utilized by Gulfstream.
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"All of our item is inedible."
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Some of the other 79 airplane on display are expected to be powered by 150,000 [gallons](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of other renewable fuel [mixes anticipated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to be pumped at the show.
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FLIGHT SHAMING
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Private jets represent less than 0.1% of overall annual carbon emissions internationally, however can discharge, on average, approximately 20 times more carbon emissions per guest mile than jetliners, according to the London-based personal charter firm Victor.
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Prince Harry has safeguarded his periodic usage of personal jets to ensure his family's security, and has actually stated that on the uncommon celebrations he does not fly commercially he offsets his emissions.
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But planemakers say incidents such as the furore over his schedule have actually included fresh obstacles for a market already making every effort to justify its contribution to cutting corporate expenses.
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"Incidents of flight shaming involving using private jets are unfortunate when you consider that our market has delivered fuel effectiveness improvements of 40% over the previous 40 years," said Bombardier Aviation President David Coleal.
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Bombardier believes increased sustainable fuel usage will help the industry make inroads with corporations and [rich buyers](https://forest500.org/rankings/companies/mission-newenergy-limited). According to market data, billionaires only have a 19% organization jet [ownership](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) rate.
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But even an image remodeling - with jets [sporting stickers](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) like "this airplane flies on eco-friendly fuels" and organisers including alternative fuel pumps for visiting aircrafts - is unlikely to satisfy all critics at the Oct 22-24 luxury jet event.
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Environmentalists and some [experts stay](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) hesitant that biojetfuels, generally mixed 50-50 with kerosene, will make a considerable influence on public perceptions about luxury travel.
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"No quantity of [jatropha curcas](https://www.zoominfo.com/c/mission-newenergy/346542889) or Brazil-nut fuel can make business jets look eco-friendly," stated air travel analyst Richard Aboulafia.
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Demand from organization jet operators for eco-friendly fuels now far goes beyond supply and their interest could drive future production, Sherbacow said.
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World Energy, which produces 40 million gallons of [biofuel](https://stocktwits.com/symbol/MNEL) at its California plant, might expand production up to 150 million gallons by 2022.
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Corporate charter companies and experts are also seeing more interest from clients who desire to buy carbon credits to offset emissions from their [flights](https://www.crunchbase.com/organization/mission-newenergy).
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Brian Proctor, CEO of Mente Group, a U.S. consultancy, stated emissions played a function in a business jet utilization research study his company just recently completed for a Fortune 500 business.
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"At the end of the day, I think that cost, expense per hour, range, speed and efficiency, that's still the (sales) driver. But I think people are ending up being more aware of the sustainability of operations and how it impacts the world." (Reporting By Allison Lampert, [Editing](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by Tim Hepher and Alexandra Hudson)
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