Louisiana Light • 2 days | 89.15 | -0.01 | -0.01% | |||
Bonny Light • 22 hours | 90.37 | -1.56 | -1.70% | |||
Opec Basket • 2 days | 90.18 | +0.61 | +0.68% | |||
Mars US • 166 days | 77.67 | -1.57 | -1.98% | |||
Gasoline • 23 mins | 2.735 | +0.006 | +0.22% |
Bonny Light • 22 hours | 90.37 | -1.56 | -1.70% | |||
Girassol • 22 hours | 90.93 | -1.38 | -1.49% | |||
Opec Basket • 2 days | 90.18 | +0.61 | +0.68% |
Peace Sour • 13 hours | 78.03 | -0.58 | -0.74% | |||
Light Sour Blend • 13 hours | 81.08 | -0.58 | -0.71% | |||
Syncrude Sweet Premium • 13 hours | 88.03 | -0.58 | -0.65% | |||
Central Alberta • 13 hours | 78.43 | -0.58 | -0.73% |
Eagle Ford • 2 days | 81.84 | -0.05 | -0.06% | |||
Oklahoma Sweet • 2 days | 81.75 | +0.00 | +0.00% | |||
Kansas Common • 2 days | 75.50 | -0.25 | -0.33% | |||
Buena Vista • 6 days | 89.36 | +0.64 | +0.72% |
Aluminum prices continue to rally,…
Turkey is striving to solidify…
China Eastern Airlines has just announced that it will begin operating commercial flights which run on 100% biofuel, having completed a successful trial of the renewable aviation fuel on Wednesday.
After an 85 minute test flight, running on a biofuel made from a blend of palm oil and recycled cooking oil by Sinopec, the Airbus A320 landed at Shanghai Hongqiao International Airport reporting no problems, or differences from traditional aviation fuel.
Huang Zhongwen, the deputy director of publicity at Zinopec, said that they “have developed two kinds of biofuel, palm oil and waste cooking oil, and the fuel we used during this flight was palm oil. We have the capability of turning waste cooking oil into jet fuel, although the cost will be higher than producing ordinary fuel.”
Related article: Big Numbers, Big Profits: The Fleetingly Lucrative RIN Trade
Biofuels have become increasingly popular in the airline industry as a manner to counter rising oil prices, and reduce the sectors carbon emissions. In 2011 Air China demonstrated the use of a biofuel produced entirely from the jatropha plant; and other major airlines, such as KLM, Lufthansa, BA, and United Airlines, have also carried out their own experiments with a variety of biofuels.
Earlier this month the White House extended a programme that supports the production of one billion gallons of aviation biofuel by 2018.
By. Joao Peixe of Oilprice.com
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Merchant of Record: A Media Solutions trading as Oilprice.com