RE: lack of capacity20 Aug 2018 11:22
VLS project with Shell and BA mentioned in Telegraph yesterday in an article on aviation biofuels. Here's some of it.
"It is 10 years since a Virgin Atlantic Boeing 747 flew from London to Amsterdam powered by a mixture of Brazilian babassu nuts and coconuts. The arrival at Schiphol airport marked the first time that a commercial aeroplane used biofuel for the 80-minute journey, at least for one of the four engines.
A decade later, aviation industry ambitions for biofuels are loftier. On the tenth anniversary of the flight, Alexandre de Juniac, the head of the International Air Transport Association, said the momentum for sustainable aviation fuels (SAFs) was “now unstoppable”.
“From one flight in 2008, we passed the threshold of 100,000 flights in 2017, and we expect to hit one million flights during 2020. But that is still just a drop in the ocean compared to what we want to achieve.
“We want one billion passengers to have flown on a SAF-blend flight by 2025. That won’t be easy to achieve. We need governments to set a framework to incentivise production [of sustainable air fuels] and ensure it is as attractive to produce as automotive biofuels,” he said.
The industry will need all the help it can get to reach its targets. Within only two years the global industry aims to cap carbon emissions at their current level, even as the number of flights taken each year continues to climb. By 2050 it intends to produce half as much carbon dioxide as it did in 2005."
High ambitions and surely VLS will play some part in it if they get things right. I still think VLS will be taken out within 18 months.
Sign In
Follow the stocks
