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Tag:

continental airlines

Betting on Algae and Big Oil?

written by Walter Wang

Does that headline grab you? If not, these numbers should:

  • $600 million: the amount Exxon has pledged to invest in a partnership with Synthetic Genomics
  • $10 million: the amount BP has invested in Martek Biosciences
  • 25 percent: the percentage of gasoline that will be replaced by biofuels by 2030, according to BP
  • 36 billion gallons: biofuels to be produced in the United States by 2022, as mandated by the U.S. Renewable Fuels Standard.
  • If that has not grabbed your attention yet, consider that in January of this year, Continental Airlines completed a test flight using a biofuel mixture, which included fuel derived from algae. The test flight yielded a 1.1 percent increase in fuel efficiency compared to a jet engine using traditional jet fuel.

    That isn’t exactly a great leap forward, but achieving incremental increases in fuel efficiency coupled with the latest engine technology, as well as use of new materials in aircraft production, such as the Boeing 787, could signal a dynamic shift for the airline industry.

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    October 13, 2009 1 comment
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