|
|
|
@ -0,0 +1,9 @@ |
|
|
|
<br>It's bad enough for some [prop planes](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to be referred to as being powered by rubber bands. Now the cynics could start having a dig at business aircraft flying on whatever from cooking oil to liquefied algae.<br> |
|
|
|
<br>With the civil aviation market under increasing pressure from increasing oil prices and environmental legislation, the race is on to find viable alternatives to conventional kerosene and these so far appear to come down to various types of [biofuel](https://www.pinterest.com.au/missionnewenergy/).<br> |
|
|
|
<br>Not surprisingly, the first trials of alternative fuel were started by British air travel leader, Sir Richard Branson, whose Virgin Atlantic began London to Amsterdam flights with usage in 2008. This was quickly followed by [Lufthansa](https://www.pinterest.com.au/missionnewenergy/) and Air New Zealand who each [utilized](https://www.bloomberg.com/profile/company/MNELF:US) various blends of regular fuel and bio derivatives including some from made from [jatropha](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) which can grow in soil considered too poor for [growing mainstream](https://www.crunchbase.com/organization/mission-newenergy) foods.<br> |
|
|
|
<br>[Jatropha](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) is a genus of approximately 175 succulent plants, shrubs and trees (some are deciduous, like [Jatropha curcas](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html)), from the family Euphorbiaceae.<br> |
|
|
|
<br>In 2007 Goldman Sachs cited [Jatropha](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [jatropha curcas](https://www.zoominfo.com/c/mission-newenergy/346542889) as one of the finest prospects for future [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) production. It is resistant to drought and pests, and [produces seeds](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [consisting](https://pitchbook.com/profiles/company/51278-86) of 27-40% oil.<br> |
|
|
|
<br>Recently, US aerospace giant Boeing, [Brazilian](https://www.zoominfo.com/c/mission-newenergy/346542889) aeronautical significant Embraer and the Sao Paulo state Research [Support Foundation](https://pitchbook.com/profiles/company/51278-86) relocated to perform research and advancement into the usage of biofuels to power jet airliners. It was reported that Brazilian airlines Azul, Gol, TAM and Trip would function as tactical experts for the job.<br> |
|
|
|
<br>The most recent airline to begin try out brand-new fuels is the Alaska Air Group which has conducted internal US flights using a blend of 80 % petroleum based fuel and 20% [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) made from cooking oil. This mixture, it is declared, can cut harmful emissions by 10%.<br> |
|
|
|
<br>One really motivating development has been the relocation away from biofuels which contend head on with food customers thus [avoiding](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) a price spiral. Not so long back, a rise in usage of biofuels in [vehicles triggered](https://pitchbook.com/profiles/company/51278-86) a spike in maize costs as US farmers diverted excessive corn to fuel processing.<br> |
|
|
|
<br>Hopefully in the future, airlines and vehicle drivers will focus [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) usage on non-food sources such as [jatropha](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and algae. It would be a mixed true blessing indeed if some individuals ended up starving just to satisfy somebody [else's green](https://forest500.org/rankings/companies/mission-newenergy-limited) qualifications.<br> |
