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

Emirates and Flydubai celebrate six months of successful partnership

Emirates and Flydubai has revealed strong passenger numbers for the first six months of their partnership.

Etihad Aviation Group launches initiatives to commemorate the Year of Zayed

Etihad Aviation Group has unveiled its extensive Year of Zayed initiatives which are set to be launched throughout 2018.

Emirates renews its support to Mauritius and Seychelles

Emirates has announced its renewed support to Mauritius and the Seychelles by extending its global marketing agreement with the respective Tourism Boards of the two countries.

Flydubai announces direct flights to Helsinki

Flydubai has announced services to Finland’s capital, Helsinki.

Oman Air unveils First Class suite at Arabian Travel Market

Oman Air unveiled the new First Class Mini Suite of its Dreamliner 787 -9 fleet, at the Arabian Travel Market, a key travel and tourism event taking place from 22-25 April, held in Dubai.

Global standards, collaboration are key to future of ground handling

The International Air Transport Association (IATA) has highlighted three key priorities for the ground handling industry to support the growing demand for air travel: harmonizing global standards to improve safety, improving

SOFEX SK2018
See us at
SOFEX BT2018EBACE 2018AirportShow BT1502090518GATM BT1004061118ASDubai BT1004091018ArabianTravelMkBT250418Istanbul Airshow BT22018Global Aerospace BT2018Cargo BT1004091018MEBAA BT1004121218BIAS BT271017161118