Commodities and Futures News

United Airlines will use lower-carbon fuels in San Francisco, London

2023.05.04 09:14


© Reuters. FILE PHOTO: A United Airlines Boeing 787 taxis as a United Airlines Boeing 767 lands at San Francisco International Airport, San Francisco, California, February 7, 2015. REUTERS/Louis Nastro/File Photo/File Photo

By Stephanie Kelly

NEW YORK (Reuters) – United Airlines will begin using lower-carbon aviation fuels on flights from San Francisco International Airport and London Heathrow Airport beginning this year, the U.S. carrier told Reuters on Thursday, as the travel industry pursues new efforts to cut climate warming emissions.

Sustainable aviation fuel (SAF), which uses feedstocks including used cooking oil and soybean oil, is being embraced in some regions by airlines including Qantas Airways, Lufthansa and Cathay Pacific. United now expects to consume about 10 million gallons of SAF this year.

“This is really about creating a market for sustainable fuels that just doesn’t exist right now,” Lauren Riley, United’s chief sustainability officer, told Reuters.

SAF accounted for less than 1% of aviation fuel consumed in 2022, but the industry’s 2050 goal of “net zero” emissions currently relies on SAF accounting for 65% of fuel, according to International Air Transport Association statistics. The airline industry is responsible for nearly 3% of global CO2 emissions and many airlines have a target of SAF accounting for 10% of fuel by 2030.

United now uses SAF in its departing flights from Los Angeles International Airport and Schiphol Airport in Amsterdam. With the latest addition, United will fly more miles using SAF than any airline, the company said.

United began receiving SAF deliveries at San Francisco International Airport in April and will receive deliveries at London Heathrow later in 2023.

United and partners of its Eco-Skies Alliance will acquire the fuel for San Francisco International Airport from Finnish renewable fuels producer Neste. Members of the alliance include Deloitte, Microsoft (NASDAQ:) and Nike (NYSE:).

The Biden administration is targeting at least 3 billion gallons of SAF production per year in the U.S. by 2030 as part of its broader climate change fight.

Producers such as Neste and BP (NYSE:) make SAF from feedstocks including soybean oil, used cooking oil and animal fat. While it reduces carbon emissions compared to traditional petroleum-based jet fuel, SAF can be two to four times costlier to make.

“It’s a challenge of pace,” Riley said of the SAF rollout to San Francisco and London. “How do we go faster?”

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 95,889.69 2.25%
ethereum
Ethereum (ETH) $ 3,305.53 3.65%
tether
Tether (USDT) $ 0.999886 0.28%
solana
Solana (SOL) $ 246.60 4.10%
bnb
BNB (BNB) $ 645.35 1.83%
xrp
XRP (XRP) $ 1.33 9.71%
dogecoin
Dogecoin (DOGE) $ 0.410094 4.65%
usd-coin
USDC (USDC) $ 0.999406 0.14%
cardano
Cardano (ADA) $ 0.962394 8.20%
staked-ether
Lido Staked Ether (STETH) $ 3,305.95 3.68%
tron
TRON (TRX) $ 0.203712 4.83%
avalanche-2
Avalanche (AVAX) $ 39.18 7.51%
the-open-network
Toncoin (TON) $ 6.04 7.33%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 4.86%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,908.17 3.69%
stellar
Stellar (XLM) $ 0.467714 9.45%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,604.62 2.36%
polkadot
Polkadot (DOT) $ 8.36 3.26%
chainlink
Chainlink (LINK) $ 16.59 5.63%
bitcoin-cash
Bitcoin Cash (BCH) $ 500.54 1.89%
weth
WETH (WETH) $ 3,301.54 3.74%
sui
Sui (SUI) $ 3.28 5.61%
pepe
Pepe (PEPE) $ 0.000019 6.47%
leo-token
LEO Token (LEO) $ 8.56 0.87%
near
NEAR Protocol (NEAR) $ 6.36 2.89%
litecoin
Litecoin (LTC) $ 93.70 5.31%
aptos
Aptos (APT) $ 11.82 7.20%
uniswap
Uniswap (UNI) $ 10.33 5.61%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,477.21 3.66%
hedera-hashgraph
Hedera (HBAR) $ 0.139236 8.44%
usds
USDS (USDS) $ 1.00 0.04%
internet-computer
Internet Computer (ICP) $ 10.62 7.04%
crypto-com-chain
Cronos (CRO) $ 0.181982 7.13%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.533804 7.05%
ethereum-classic
Ethereum Classic (ETC) $ 27.54 7.59%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.41%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.47 4.75%
render-token
Render (RENDER) $ 7.40 5.83%
kaspa
Kaspa (KAS) $ 0.14812 5.78%
bittensor
Bittensor (TAO) $ 498.51 3.51%
whitebit
WhiteBIT Coin (WBT) $ 24.16 2.47%
dai
Dai (DAI) $ 0.999139 0.22%
bonk
Bonk (BONK) $ 0.000044 8.56%
arbitrum
Arbitrum (ARB) $ 0.813042 4.83%
mantra-dao
MANTRA (OM) $ 3.64 0.49%
celestia
Celestia (TIA) $ 7.66 8.78%
vechain
VeChain (VET) $ 0.040031 4.95%
filecoin
Filecoin (FIL) $ 5.35 1.75%
cosmos
Cosmos Hub (ATOM) $ 8.18 0.14%
okb
OKB (OKB) $ 52.82 3.72%