Qantas to enter biofuel market?
- Latest News
- Thursday, 06 January 2011
Australian airline Qantas is believed be entering the biofuels market via a deal to build a commercial-scaleplant to produce green biojet fuel made from waste.
Its proposed partner - US-based fuel producer Solena - also is in talks with Europe's easyJet, Ryanair and Aer Lingus about building a plant in Dublin.
The move comes as airlines try to reduce their reliance on fossil fuels ahead of their forced entry into the EU's carbon emissions trading scheme, now just a year away.
Under that scheme, any airline flying in or out of the EU faces penalties linked to emissions.
Solena's joint venture with Qantas follows a tie-up with British Airways to build the world's first commercial-scale biojet fuel plant in London, creating up to 1,200 jobs.
