Subscribe Free
in Flight Services & Support

Air BP in new partnership for low carbon jet fuel

Posted 8 November 2016 · Add Comment

BP today announced the creation of a strategic partnership between its BP Ventures and Air BP businesses with Fulcrum BioEnergy, a pioneer in the development and production of low-carbon jet fuel, in which BP will invest $30 million.

As an equity investor, BP has secured a 10 year offtake agreement with Fulcrum for 50 million US gallons per year, from their plants under development across North America. In addition, as a preferred supply chain partner, Air BP will distribute and supply biojet into aircraft at key hubs across North America.

”We have a deep understanding of our customers’ challenges to achieve their lower carbon goals. This agreement gives Air BP guaranteed access to product which will help meet these challenges,” said Jon Platt, CEO, Air BP. “Securing this supply helps secure the future competitiveness of Air BP, and our place as a leader in the industry.”

“We’re excited to be entering into this multi-faceted strategic relationship with BP, a recognized leader in the supply of fuel products and services to the global aviation industry,” said E. James Macias, Fulcrum’s President and Chief Executive Officer. “This partnership will accelerate Fulcrum’s ability to produce and deliver low-carbon, low-cost jet fuel from Fulcrum plants located across North America to our commercial and military aviation customers,” added Macias.

Fulcrum has developed and demonstrated a reliable and efficient process for producing low-cost, sustainable biojet from municipal solid waste (MSW). The company has secured long-term access to large volumes of MSW feedstock and is actively developing its plan to build waste-to-fuel plants in North America, initially, with growth potential around the world. Fulcrum’s first plant is currently under construction.

“BP is committed to supporting a transition to a lower carbon economy,” said Tufan Erginbilgic, CEO of BP’s downstream segment. “With support from two of Air BP’s strategic customers, Cathay Pacific Airways and United Airlines, Fulcrum is well advanced in its goal to produce and supply scalable biojet, and BP is excited by the opportunities that this partnership offers.”

 

 

Pictured: -  E.James Macias, President and CEO of Fulcrum, signs agreement with David Gilmour, Vice President Technology, Commercialisation and Ventures, BP Ventures.  
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Boeing eyes up Middle East for tanker export

As the combat aircraft inventories of Middle East nations continue to grow, air forces are increasingly seeking to back up their front-line units with support aircraft such as tankers. As Alan Dron reports, Boeing believes that its new

Turkish Aerospace has a new logo

Turkish Aerospace, which maintains position as a leader in the Aerospace industry of Turkey, is getting a fresh look with the new logo and identity.

Emirates opens first dedicated airport lounge in Cairo

Emirates has unveiled its 42nd dedicated lounge across its global network at Cairo International Airport (CAI).

Qatar Airways to showcase its A350-1000 at the Farnborough International Airshow

Qatar Airways has said that six state-of-the-art aircraft will be on display at this year’s Farnborough International Airshow, taking place from 16 to 22 July in Hampshire, United Kingdom.

Airbus Helicopters industrial model is coming together

The first pre-serial H160 has been fitted with its rear fuselage, the first major component assembly having been pre-assembled in Albacete, Spain according to the site specialisation strategy implemented in Airbus Helicopters.

Airbus delivers first A321neo in Cabin Flex configuration to Turkish Airlines

Turkish Airlines has taken delivery of the first A321neo in Cabin Flex configuration.

TAA SK0902311218
See us at
AIME19BTA3005120219Istanbul Airshow BT22018MEBAA BT1004121218ASDubai BT1004091018MAPS18_BT1207131118GATM BT1004061118Cargo BT1004091018BIAS BT271017161118Aviation Africa BT0607280219