Microsoft is investing $50million in a LanzaJet facility in Georgia that will produce jet fuel from ethanol next year, LanzaJet said. Renewable aviation fuel accounted for less than0.1% of current global jet fuel demand of about 330 million tonnes in 2019, investment bank Jefferies said last year. Governments and investors are trying to boost incentives to produce lower-carbon emitting jet fuel. The Biden Administration has touted tax credits for production of sustainable jet fuel as part of its Build Back Better legislation, which is currently stalled in Congress. The European Union is aiming to increase the amount of SAF blended in petroleum jet fuel to 63% by 2050.

Source: The Hindu January 15, 2022 04:17 UTC