• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 3 hours Waste-to-Energy Chugging Along
  • 1 hour U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 5 hours Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 1 hour Let's Just Block the Sun, Shall We?
  • 10 hours Venezuela continues to sink in misery
  • 10 hours Regular Gas dropped to $2.21 per gallon today
  • 9 hours Zohr Giant Gas Field Increases Production Six-Fold
  • 8 hours No, The U.S. Is Not A Net Exporter Of Crude Oil
  • 4 hours UK Power and loss of power stations
  • 2 hours What will the future hold for nations dependent on high oil prices.
  • 18 hours $867 billion farm bill passed
  • 20 hours Air-to-Fuels Energy and Cost Calculation
  • 17 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 5 hours EPA To Roll Back Carbon Rule On New Coal Plants
Saudi Arabia Under Fire From All Sides

Saudi Arabia Under Fire From All Sides

Things are not going too…

Libya’s NOC Won’t Pay ‘Ransom’ For Biggest Oil Field

Libya’s NOC Won’t Pay ‘Ransom’ For Biggest Oil Field

Libya’s National Oil Corporation said…

Australian Firm to Provide Jatropha Biofuel to Lufthansa for Testing

Australia’s Jatenergy Limited energy company is to provide crude jatropha oil to Lufthansa for flight trials.

The Lufthansa tests are the world’s first, long-term trial of renewable jet fuel and will be used on Lufthansa’s regularly scheduled flights between Hamburg and Frankfurt.

Jatenergy is providing Lufthansa with 200 tons of crude jatropha oil at $1,000 per ton from its joint venture with PT Waterland International, which was refined into civilian aviation Jet A-1 biojet fuel by Finnish firm Neste Oil, The International Business Times reported.

Jatenergy CEO Phil Hodgson said, “We can't produce enough jatropha oil at the moment to meet demand. Apart from sales to airlines such as Lufthansa, there is also interest from power generators and traditional biodiesel producers at prices linked to vegetable oils such as palm oil. Palm oil has priced between $1,000-1,250 per ton during 2011, which is around $140-180 per barrel. Our average ex-works production costs for the oil are around $460 per ton, or $65 per barrel.”

Interest in “drop in” biofuels has soared since the the standards group ASTM International recently approved the blending of up to 50 per cent of biofuel with conventional Jet A-1 fuel.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News