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

South African Airways continues services to Zimbabwe

South African Airways (SAA) has clarified that its operations between Johannesburg and Zimbabwe remain in place in spite of the prevailing situation in Zimbabwe.

Air Sénégal orders A330neos

Air Sénégal has signed an MoU with Airbus for two A330-900neo with options for a further two, reports ch-aviation.

IATA urges Swift GASeP implementation

The International Air Transport Association (IATA) urged the swift implementation by states of the first Global Aviation Security Plan (GASeP) which was established this week by the Council of the International Civil Aviation

EgyptAir and LOT sign codeshare agreement

EgyptAir and LOT have enhanced their relations by signing codeshare agreement for passengers flying between Cairoand Warsaw.

CANSO calls for collaboration to exploit technologies to modernise ATM in Africa

CANSO, the Civil Air Navigation Services Organisation, has highlighted the opportunities to exploit new and emerging technologies to modernise air traffic management (ATM) in Africa.

Ethiopian Airlines introduces Boeing 787-9 Dreamliner on its Entebbe route

Ethiopian Airlines, now operating daily flights in and out of Entebbe International Airport Uganda, has introduced a 350 passenger seater modern aircraft.

AfBAC Expo SK2017
See us at
Global Aerospace BT28218Aviation Africa BT18418AfBAC Expo BT2017