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Qantas On Brink Of £200M Biojet Fuel Joint Venture

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http://www.guardian.co.uk/business/2011/jan/02/qantas-biojet-fuel-joint-venture

The Australian airline Qantas will this month announce a deal to build the world's second commercial-scale plant to produce green biojet fuel made from waste for its fleet of aircraft.

Its proposed partner, the US-based fuel producer Solena, is also in negotiations with easyJet, Ryanair and Aer Lingus about building a plant in Dublin, although this project is less advanced.

Airlines are trying to reduce their reliance on fossil fuels ahead of their entry into the EU's carbon emissions trading scheme in January 2012 and the introduction of other new environmental legislation. Under the scheme, any airline flying in or out of the EU must cut emissions or pay a penalty.

Solena's joint venture with Qantas – which could be announced within the next fortnight – follows a tie-up with British Airways, signed in February last year, to build the world's first commercial-scale biojet fuel plant in London, creating up to 1,200 jobs.

Once operational in 2014, the London plant, costing £200m to build, will convert up to 500,000 tonnes of waste a year into 16m gallons of green jet fuel, which BA said would be enough to power 2% of its aircraft at its main base at Heathrow. The waste will come from food scraps and other household material such as grass and tree cuttings, agricultural and industrial waste. It is thought the Qantas plant, to be built in Australia, will be similar.

I wonder how big oil is going to react if this takes off (pun not really intended...).

The high oil price is going to trigger more and more companies to seek alternative sources of energy and for the big Arab oil produces if a major switch does occur what then for Saudi Arabia, Iran, Iraq etc... effectively they effectively they have no other industries.

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http://www.guardian.co.uk/business/2011/jan/02/qantas-biojet-fuel-joint-venture

I wonder how big oil is going to react if this takes off (pun not really intended...).

The high oil price is going to trigger more and more companies to seek alternative sources of energy and for the big Arab oil produces if a major switch does occur what then for Saudi Arabia, Iran, Iraq etc... effectively they effectively they have no other industries.

I'm sure they could arrange for a few Quantas jets to fall out of the sky

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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