Collaborative effort underway to develop, commercialize and fly aviation biofuel
Boeing (NYSE: BA) and PetroChina, together with representatives of the Chinese energy sector and the global aviation industry, today announced the signing of an agreement to evaluate establishing a sustainable aviation biofuels industry in China. The strategic assessment is the first such effort in China and will take a comprehensive look at the environmental and socio-economic benefits of developing sustainable alternatives to fossil-based jet fuels.
The project will look at all phases of sustainable aviation biofuel development including agronomy, energy inputs and outputs, lifecycle emissions analysis, infrastructure and government policy support.
See full Press Release.
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