Stock Market News

U.S. outlines roadmap to boost sustainable aviation fuel

2022.09.23 12:59

[ad_1]


© Reuters. FILE PHOTO: A Delta Airlines flight casts a shadow on the ground as it makes its approach for landing at Los Angeles International Airport in Los Angeles, California, U.S., November 11, 2021. REUTERS/Brian Snyder

By David Shepardson

WASHINGTON (Reuters) -The U.S. Energy Department on Friday issued a plan detailing a government-wide strategy for ramping up production and use of sustainable aviation fuels (SAF).

In September 2021, the Biden administration launched a government challenge to supply at least 3 billion gallons of SAF per year by 2030 and have enough SAF by 2050 “to meet 100% of aviation fuel demand, currently projected to be around 35 billion gallons a year.” U.S. airlines have pledged to work with the government to make 3 billion gallons of SAF available to aircraft operators by 2030.

The administration wants SAF to achieve a minimum of a 50% reduction in GHG emissions compared to conventional fuel and seeks to expand supply, use, reduce its cost and enhance its sustainability.

Energy Secretary Jennifer Granholm said the “plan will help American companies corner the market on a valuable emerging industry.”

The Energy Department said given limited time to meet the 2030 goals “requires an immediate focus on commercially ready conversion technologies and feedstocks.” It added, “Lipid-based pathways (fats, oils, and greases) are expected to be the primary fuel pathway leading up to 2030.”

President Joe Biden signed legislation in August creating a two-year blender tax credit; a subsequent three-year production tax credit; and $290 million SAF grant program.

Many airlines including Delta Air Lines (NYSE:) and Southwest Airlines (NYSE:) want to replace 10% of jet fuel with SAF by 2030.

Delta CEO Ed Bastian said hitting near-term goals “will require continued work alongside our suppliers and policymakers so that SAF can become as economical and widely available as traditional jet fuel,” while Southwest CEO Bob Jordan said, “SAF is critical to decarbonizing the aviation sector.”

Aviation generates approximately 2% of U.S. carbon dioxide emissions and U.S. aviation consumes approximately 10% of U.S. transportation energy.

The Energy Department said that sources to power airplanes other than jet fuels, such as battery technologies and hydrogen, “are not expected to contribute to substantially reducing aviation emissions until after 2050.”

[ad_2]

Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 102,949.58 1.18%
ethereum
Ethereum (ETH) $ 2,467.07 4.17%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.33 2.29%
bnb
BNB (BNB) $ 638.22 2.40%
solana
Solana (SOL) $ 164.78 4.55%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.215803 3.87%
cardano
Cardano (ADA) $ 0.740885 4.73%
tron
TRON (TRX) $ 0.268657 2.52%
staked-ether
Lido Staked Ether (STETH) $ 2,471.03 3.74%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 102,666.51 1.39%
sui
Sui (SUI) $ 3.69 5.68%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,968.12 4.25%
chainlink
Chainlink (LINK) $ 15.33 5.68%
avalanche-2
Avalanche (AVAX) $ 22.40 5.89%
stellar
Stellar (XLM) $ 0.286617 2.79%
hyperliquid
Hyperliquid (HYPE) $ 26.53 0.71%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 5.73%
leo-token
LEO Token (LEO) $ 8.91 0.78%
hedera-hashgraph
Hedera (HBAR) $ 0.190797 4.39%
bitcoin-cash
Bitcoin Cash (BCH) $ 390.07 2.75%
the-open-network
Toncoin (TON) $ 3.02 2.68%
litecoin
Litecoin (LTC) $ 98.01 2.61%
polkadot
Polkadot (DOT) $ 4.63 4.51%
usds
USDS (USDS) $ 1.00 0.01%
weth
WETH (WETH) $ 2,458.71 4.51%
monero
Monero (XMR) $ 333.99 1.52%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.01 0.60%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,626.33 4.36%
bitget-token
Bitget Token (BGB) $ 4.90 0.63%
pepe
Pepe (PEPE) $ 0.000012 7.57%
pi-network
Pi Network (PI) $ 0.712053 17.51%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.03%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 102,809.55 1.44%
whitebit
WhiteBIT Coin (WBT) $ 30.09 0.72%
dai
Dai (DAI) $ 1.00 0.02%
bittensor
Bittensor (TAO) $ 414.91 5.94%
uniswap
Uniswap (UNI) $ 5.86 6.71%
aave
Aave (AAVE) $ 222.87 2.06%
near
NEAR Protocol (NEAR) $ 2.72 6.66%
aptos
Aptos (APT) $ 5.10 5.30%
okb
OKB (OKB) $ 53.13 0.49%
kaspa
Kaspa (KAS) $ 0.114167 3.84%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 198.07 4.53%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
ondo-finance
Ondo (ONDO) $ 0.912476 7.76%
tokenize-xchange
Tokenize Xchange (TKX) $ 35.24 0.67%
crypto-com-chain
Cronos (CRO) $ 0.097988 3.42%
ethereum-classic
Ethereum Classic (ETC) $ 18.24 5.14%