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

Nesma Airlines and Flyco Group in training agreement

Egypt-based commercial operator Nesma Airlines has entered into a long-term training service agreement with Flyco Group, reports The Journal of Civil Aviation Training.

Badr Airlines 737 suffers bird strike damage

The Aviation Herald has reported severe damage to a Badr Airlines 737-500 due to a bird strike at Khartoum, Sudan.

CANSO Africa Conference is underway in Morocco

The 2017 CANSO Africa Conference is currently underway in Morocco.

Embraer announces new IFEC supplier for the E-Jets E2s

Embraer has selected Meggitt Polymers & Composites and KID-Systeme as its new inflight entertainment and connectivity (IFEC) system suppliers for the E-Jets E2, the second generation of the E-Jets family of commercial aircraft.

Airbus' “BLADE” laminar flow wing demonstrator makes first flight

Airbus' A340 laminar-flow “BLADE” test demonstrator aircraft (A340-300) has made its successful maiden flight for the EU-sponsored Clean Sky “Blade” project.

Emirates service to Tunis becomes daily

Emirates has reaffirmed its commitment to Tunis by increasing the frequency of flights between Dubai and Tunis from six to seven a week starting 30th October 2017.

Aviation Africa SK18418
See us at
AIMA Africa 2017GroundHandling BT0303280917AfBAC Expo BT2017Aviation Africa BT18418ACI Africa BT77181017Global Aerospace BT28218