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

Green Africa Airways has appointed Joshua Koshy

Green Africa Airways has appointed Joshua Koshy as its founding chief financial officer (CFO).

Dassault Aviation signs a binding agreement to acquire ExecuJet’s MRO operations

Dassault Aviation and Luxaviation announced today the acquisition by Dassault Aviation of the worldwide maintenance activities of ExecuJet, a Luxaviation subsidiary.

Gulfstream G280 sets city-pair record on renewable fuel

Gulfstream Aerospace has reaffirmed its commitment to sustainability by using sustainable alternative jet fuel (SAJF) to power a record- breaking flight by its class-leading super-midsize Gulfstream G280 aircraft.

Mango Airlines to install Split Scimitar Winglets on Boeing Next Generation 737-800 fleet

Aviation Partners Boeing (APB) has announced that South Africa's Mango Airlines has ordered its latest Split Scimitar Winglet technology for its Boeing Next Generation 737-800 fleet.

SAA appoints Vusi Pikoli to its leadership team

South African Airways (SAA) has appointed Vusi Pikoli to its leadership team.

Acropolis Aviation takes delivery of first ACJ320neo

Acropolis Aviation of the UK has taken delivery of the first ACJ320neo, which features new-generation engines and Sharklets to deliver a leap forward in range and economy.

AVAFA19 SK0201280219
See us at
AviationAfrica_BT0607280219AviAssistBT201218280219AirCargoAFA_BT220318210219