Chevron to sell test batch of sustainable aviation fuel to Delta Air
Reuters
Published Sep 07, 2021 05:12PM ET
Updated Sep 07, 2021 07:33PM ET
(Reuters) - Chevron Corp (NYSE:CVX) plans to produce a test batch of sustainable aviation fuel (SAF) and sell it to Delta Air Lines (NYSE:DAL) at the Los Angeles International Airport, the companies said on Tuesday.
The move is part of a partnership the companies announced with Alphabet (NASDAQ:GOOGL) Inc-owned Google to track SAF test batch emissions data using cloud-based technology.
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.
The Biden administration is quietly discussing a target date of 2050 for weaning aircraft off fossil fuels as part of the White House's broader push to fight climate change, Reuters reported last month citing sources.
Through the project, Chevron expects to produce the SAF at its El Segundo Refinery for Delta and Google Cloud plans to build a framework to analyze the emissions data.
The companies expect to create a more transparent model for analyzing potential greenhouse gas emissions reductions that could be adopted by organizations considering SAF programs.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.