commit 78f7b55d9f81ae9dbefaf8a7172b936d7df2c26a Author: isabelle20z936 Date: Sat Jan 18 00:15:41 2025 +0000 Add Clean Getaway: Meat Waste Joins Biofuels At Luxury Jet Show diff --git a/Clean-Getaway%3A-Meat-Waste-Joins-Biofuels-At-Luxury-Jet-Show.md b/Clean-Getaway%3A-Meat-Waste-Joins-Biofuels-At-Luxury-Jet-Show.md new file mode 100644 index 0000000..5294f4c --- /dev/null +++ b/Clean-Getaway%3A-Meat-Waste-Joins-Biofuels-At-Luxury-Jet-Show.md @@ -0,0 +1,24 @@ +
By [Allison](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Lampert
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LAS VEGAS, Oct 22 (Reuters) - At the world's most significant industry program in Las Vegas luxury jets are [tempting buyers](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) with their streamlined silhouettes, luxurious cabins - and significantly, their usage of [alternative fuels](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).
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Fuel manufacturers and jetmakers are keen to showcase unique types of aviation fuel deemed less hazardous to the environment, from used cooking oil to the distinctly less attractive meat waste.
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Business jet operators, like airlines, have actually bowed to environmental pressure on [aviation](https://pitchbook.com/profiles/company/51278-86) and committed to halving carbon emissions by 2050 compared to 2005.
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Their hope is that adopting renewable fuel to suppress emissions could make [service jets](https://www.pinterest.com.au/missionnewenergy/) more attractive to environmentally conscious purchasers - particularly corporations facing concerns over [sustainability](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from shareholders or green campaign groups.
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The availability of less polluting personal jets could likewise spare the abundant and well-known the unfavorable publicity experienced by [Britain's Prince](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Harry and his better half Meghan over a recent private jet journey to southern France.
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Five Gulfstream jets on screen in Las Vegas are [utilizing California-produced](https://pitchbook.com/profiles/company/51278-86) fuel from inedible beef tallow.
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The current waste-based fuels consist of "fats, grease and oils that are byproducts of the food market," said Bryan Sherbacow, primary industrial officer of Boston-based [biofuel](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) producer World Energy, which [produces fuel](https://www.crunchbase.com/organization/mission-newenergy) from meat waste utilized by Gulfstream.
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"All of our item is inedible."
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Some of the other 79 aircraft on display are anticipated to be powered by 150,000 gallons of other [sustainable fuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) mixes anticipated to be pumped at the show.
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FLIGHT SHAMING
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Private jets account for less than 0.1% of overall yearly carbon emissions globally, however can release, on average, as much as 20 times more [carbon emissions](https://www.bloomberg.com/profile/company/MNELF:US) per guest mile than jetliners, according to the London-based personal charter firm Victor.
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[Prince Harry](https://forest500.org/rankings/companies/mission-newenergy-limited) has defended his periodic use of personal jets to ensure his household's safety, and has said that on the unusual celebrations he does not fly commercially he offsets his emissions.
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But say events such as the furore over his travel plan have added fresh challenges for a market already striving to justify its contribution to cutting business expenses.
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"Incidents of flight shaming including using personal jets are regrettable when you think about that our market has actually provided fuel effectiveness enhancements of 40% over the previous 40 years," stated Bombardier Aviation President David Coleal.
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Bombardier thinks [increased sustainable](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) fuel usage will assist the industry make inroads with corporations and wealthy purchasers. According to market information, billionaires just have a 19% company jet ownership rate.
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But even an image remodeling - with [jets sporting](https://www.google.com/search?kgmid=/m/0cqd_rb) stickers like "this aircraft flies on eco-friendly fuels" and organisers adding alternative fuel pumps for checking out planes - is unlikely to satisfy all critics at the Oct 22-24 luxury jet event.
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Environmentalists and some analysts stay [hesitant](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) that biojetfuels, usually mixed 50-50 with kerosene, will make a considerable effect on public perceptions about high-end travel.
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"No quantity of [jatropha curcas](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) or Brazil-nut fuel can make business jets look eco-friendly," said aviation analyst Richard Aboulafia.
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Demand from business jet [operators](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for eco-friendly fuels now far surpasses supply and their interest could drive future production, [Sherbacow stated](https://pitchbook.com/profiles/company/51278-86).
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World Energy, which produces 40 million gallons of [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) at its California plant, might broaden production up to 150 million gallons by 2022.
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Corporate charter business and specialists are likewise seeing more interest from consumers who want to buy carbon credits to offset emissions from their flights.
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Brian Proctor, CEO of Mente Group, a U.S. consultancy, said emissions contributed in a corporate jet utilization study his business just recently [finished](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for a Fortune 500 business.
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"At the end of the day, I believe that cost, cost per hour, range, speed and efficiency, that's still the (sales) chauffeur. But I believe individuals are ending up being more knowledgeable about the sustainability of operations and how it impacts the world." (Reporting By Allison Lampert, Editing by Tim Hepher and Alexandra Hudson)
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