AGL 36.58 Decreased By ▼ -1.42 (-3.74%)
AIRLINK 215.74 Increased By ▲ 1.83 (0.86%)
BOP 9.48 Increased By ▲ 0.06 (0.64%)
CNERGY 6.52 Increased By ▲ 0.23 (3.66%)
DCL 8.61 Decreased By ▼ -0.16 (-1.82%)
DFML 41.04 Decreased By ▼ -1.17 (-2.77%)
DGKC 98.98 Increased By ▲ 4.86 (5.16%)
FCCL 36.34 Increased By ▲ 1.15 (3.27%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.08 Increased By ▲ 0.69 (4.21%)
HUBC 126.34 Decreased By ▼ -0.56 (-0.44%)
HUMNL 13.44 Increased By ▲ 0.07 (0.52%)
KEL 5.23 Decreased By ▼ -0.08 (-1.51%)
KOSM 6.83 Decreased By ▼ -0.11 (-1.59%)
MLCF 44.10 Increased By ▲ 1.12 (2.61%)
NBP 59.69 Increased By ▲ 0.84 (1.43%)
OGDC 221.10 Increased By ▲ 1.68 (0.77%)
PAEL 40.53 Increased By ▲ 1.37 (3.5%)
PIBTL 8.08 Decreased By ▼ -0.10 (-1.22%)
PPL 191.53 Decreased By ▼ -0.13 (-0.07%)
PRL 38.55 Increased By ▲ 0.63 (1.66%)
PTC 27.00 Increased By ▲ 0.66 (2.51%)
SEARL 104.33 Increased By ▲ 0.33 (0.32%)
TELE 8.63 Increased By ▲ 0.24 (2.86%)
TOMCL 34.96 Increased By ▲ 0.21 (0.6%)
TPLP 13.70 Increased By ▲ 0.82 (6.37%)
TREET 24.89 Decreased By ▼ -0.45 (-1.78%)
TRG 73.55 Increased By ▲ 3.10 (4.4%)
UNITY 33.27 Decreased By ▼ -0.12 (-0.36%)
WTL 1.71 Decreased By ▼ -0.01 (-0.58%)
BR100 11,987 Increased By 93.1 (0.78%)
BR30 37,178 Increased By 323.2 (0.88%)
KSE100 111,351 Increased By 927.9 (0.84%)
KSE30 35,039 Increased By 261 (0.75%)
Business & Finance

Biofuels 'viable' for Australia, NZ aviation: report

SYDNEY : Producing commercially viable quantities of aviation biofuels is a viable option for Australia and New Zealand
Published May 25, 2011

airplaneSYDNEY: Producing commercially viable quantities of aviation biofuels is a viable option for Australia and New Zealand and could cut greenhouse gas emissions by 17 percent, a new report said Wednesday.

"Flight Path to Sustainable Aviation", commissioned by companies including Air New Zealand, Boeing, Qantas and Virgin Australia, added that such a move could generate 12,000 jobs over the next 20 years.

Compiled by CSIRO, Australia's national science agency, the report estimated that using biofuels made from non-food crops would reduce Australia's reliance on aviation fuel imports by Aus$2 billion (US$2.1 billion) a year.

"This study highlights promising options for the aviation industry," said project leader Paul Graham, a CSIRO (Commonwealth Scientific and Industrial Research Organisation) economist.

"It also identifies the market, infrastructure and governance changes that will be required for success.

"Through the uptake of sustainable bio-derived jet fuel, together with next generation aircraft and engines, the industry can reduce both its emissions and its reliance on imported fossil fuel."

Some biofuels have been criticised for drawing on vital food crops, land and water resources, but the CSIRO scenario deals with non-food biomass sources such as forestry residues, municipal waste and algae.

Several airlines have tested biofuels, including Continental Airlines, Air New Zealand, and KLM.

The International Energy Agency estimates that biofuels will make up about 30 percent of global aviation fuel supplies by 2050.

Copyright AFP (Agence France-Presse), 2011

Comments

Comments are closed.