The Air Transport Association says airlines have gained technical approval to use fuel processed from algae and other organic waste and inedible plants for up to 50 per cent of their fuel needs, Bloomberg reports. The preliminary decision by ASTM International is expected to open up the $140 billion a year aviation fuel industry to a host of new biotech and biofuel competitors and suppliers, including several algae start-ups in Australia.
ATA spokesman Steve Lott described the decision as a “regulatory breakthrough” that will be a boon to newly emerging startups. Boeing vice president of Environment and Aviation Policy Billy Glover told Bloomberg that developing a renewable fuel supply was a critical part of the industry’s strategy for achieving carbon-neutral growth beyond 2020.
Those keen to find out more on Algae biofuel for aviation should attend Algae World Australia in Queensland from 16-17 August, 2011.
Mr. Aidan Dargan, Research Task Lead of Boeing Research & Technology Australia will be sharing his expertise on the development of aviation biofuel from algae.
Besides algae biofuels, experts will also discuss the perspective of a power company on using Algae for carbon capture, microalgal lipid content & productivities and its potential uses, and potential of Algae in Health, Feed and Cosmetics, among other topics.