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
Latest News

Aerosud Aviation in partnership with DB Schenker South Africa

Aerosud Aviation has selected DB Schenker South Africa as its new logistics partner.

Africa's first "civil" C295 begins humanitarian operations from Kenya

DAC Aviation International has received the first Airbus C295 to be used on the civil registry in Africa,

Angola orders C295s for maritime surveillance

Angola has ordered three C295 transport aircraft from Airbus Defence and Space, writes Jon Lake.

Inmarsat and Panasonic Avionics in strategic collaboration for Commercial Aviation

Inmarsat and Panasonic Avionics Corporation (Panasonic) have agreed a strategic collaboration, for an initial ten-year period, that enables them to combine their highly complementary market leading services to offer broadband

AAD: Helix – the manned ISR platform

CADG chose AAD to launch its new manned intelligence, surveillance, and reconnaissance (ISR) platform – Helix.

AAD: Aurecon bringing its African ideas to life

Aurecon was at AAD for the first time to highlight its engineering capabilities and products. “We want to become a true African business,” explained managing director, Africa, Ferdi Nell.

TAA SK1009311218
See us at
AirCargoAFA_BT220318210219AviationAfrica_BT0607280219MarrakechAirshow BT2507241018AAD2018 BT