From bfa3072748d65ece33eff482d7602e9d205f4479 Mon Sep 17 00:00:00 2001 From: Luke Ferris Date: Sun, 12 Jan 2025 12:45:00 +0800 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..d180246 --- /dev/null +++ b/Clean-Getaway%3A-Meat-Waste-Joins-Biofuels-At-Luxury-Jet-Show.md @@ -0,0 +1,24 @@ +
By Allison Lampert
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LAS VEGAS, Oct 22 (Reuters) - At the world's greatest market show in Las Vegas luxury jets are luring buyers with their sleek shapes, plush cabins - and significantly, their use of [alternative fuels](https://forest500.org/rankings/companies/mission-newenergy-limited).
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Fuel manufacturers and jetmakers are keen to showcase unique forms of aviation fuel deemed less damaging to the climate, from used cooking oil to the noticeably less glamorous meat waste.
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Business jet operators, like airline companies, have bowed to ecological pressure on air travel and committed to halving carbon [emissions](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by 2050 compared to 2005.
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Their hope is that embracing renewable fuel to curb emissions could make service jets more appealing to environmentally mindful buyers - particularly corporations dealing with questions over sustainability from shareholders or [green project](https://stocktwits.com/symbol/MNEL) groups.
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The [availability](https://stocktwits.com/symbol/MNEL) of less [polluting private](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) jets might likewise spare the abundant and famous the negative promotion [experienced](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) by Britain's Prince Harry and his other half Meghan over a recent 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 latest waste-based fuels include "fats, grease and oils that are byproducts of the food industry," said Bryan Sherbacow, [primary commercial](https://www.crunchbase.com/organization/mission-newenergy) officer of Boston-based [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) producer World Energy, which [produces fuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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 on screen are expected to be powered by 150,000 gallons of other sustainable fuel mixes [anticipated](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to be pumped at the program.
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FLIGHT SHAMING
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Private jets account for less than 0.1% of total annual carbon emissions globally, but can give off, on average, as much as 20 times more carbon emissions per passenger mile than jetliners, according to the London-based private charter [firm Victor](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).
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[Prince Harry](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) has protected his periodic use of personal jets to ensure his [household's](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) safety, and has actually said that on the rare events he does not fly commercially he offsets his emissions.
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But planemakers say incidents such as the furore over his itinerary have actually added fresh challenges for an industry currently striving to validate its contribution to cutting corporate costs.
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"Incidents of flight shaming including using private jets are unfortunate when you think about that our market has actually delivered fuel effectiveness improvements of 40% over the previous 40 years," said Bombardier Aviation President David Coleal.
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Bombardier thinks increased sustainable fuel usage will help the market make [inroads](https://www.businessnews.com.au/Company/Mission-NewEnergy) with [corporations](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and rich purchasers. According to industry data, billionaires only have a 19% company jet ownership rate.
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But even an image remodeling - with jets sporting stickers like "this aircraft flies on eco-friendly fuels" and organisers including alternative fuel pumps for going to aircrafts - is unlikely to [satisfy](https://www.zoominfo.com/c/mission-newenergy/346542889) all critics at the Oct 22-24 high-end jet event.
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Environmentalists and some analysts remain doubtful that biojetfuels, typically blended 50-50 with kerosene, will make a considerable effect on public understandings about luxury travel.
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"No amount of [Jatropha](https://pitchbook.com/profiles/company/51278-86) or Brazil-nut fuel can make company jets look eco-friendly," said air travel analyst Richard Aboulafia.
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Demand from service jet operators for renewable fuels now far goes beyond 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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) at its California plant, might expand production as much as 150 million gallons by 2022.
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Corporate charter companies and consultants are likewise seeing more interest from customers who want to purchase carbon [credits](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to offset emissions from their flights.
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Brian Proctor, CEO of Mente Group, a U.S. consultancy, said emissions played a function in a corporate jet usage study his company just recently completed for a [Fortune](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 500 company.
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"At the end of the day, I think that rate, expense per hour, range, speed and efficiency, 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 world." ([Reporting](https://pitchbook.com/profiles/company/51278-86) By Allison Lampert, Editing by Tim Hepher and Alexandra Hudson)
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