- The target date the Biden Administration has set to take aircrafts off of fossil fuels
- What company Chevron is going to sell SAF to
U.S oil major Chevron Corp and renewable energy firm Gevo Inc will jointly invest in building and operating one or more facilities that would process corn to produce sustainable aviation fuel (SAF), the companies said on Thursday. The move comes in the midst of oil companies seeking to bulk up in the burgeoning renewable fuels space, as various sectors adapt to cut overall carbon emissions to combat global climate change. The Biden administration in the United States is making a target date of 2050 for taking aircrafts off fossil fuels as part of the White House’s broader push to fight climate change.
Sustainable aviation fuel is made from feedstocks such as used cooking oil and animal fat and can be three or four times more expensive than making traditional jet fuel. Chevron Corporation plans to produce a test batch of sustainable aviation fuel (SAF) and sell it to Delta Air Lines at the Los Angeles International Airport (LAX). Delta has pledged to replace 10% of its jet fuel with SAF by 2030. Sustainable aviation fuel is made from feedstocks such as used cooking oil and animal fat and can be three or four times more expensive than making traditional jet fuel.
