AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
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.