India's government approved a $1.2 billion fund to stabilize Aviation Turbine Fuel (ATF) prices for airlines, shielding them from Middle East conflict-driven surges. The fund aims to prevent fare spikes, protect jobs, and maintain connectivity.
India's Union Cabinet approved a Rs 10,000 crore fund to stabilize Aviation Turbine Fuel (ATF) prices, aiming to protect airlines and passengers from sharp increases due to the West Asia crisis. The fund will provide interest-free advances to OMCs for scheduled Indian carriers.
Ukraine's chief of staff stated ending the war by winter is realistic, while Kyiv faced heavy Russian attacks. France detained a Russian oil tanker, and dozens of countries denounced Russia at the UN over a drone incident in Romania.
Russia has banned aviation fuel exports until November 30 to ensure domestic supply amid regular Ukrainian strikes on its oil refineries and depots. The measure aims to prevent shortages and maintain revenue for its war effort.
France has intercepted a Russian oil tanker in the Atlantic, accusing it of violating international sanctions. Russia has banned aviation fuel exports until November to prevent shortages amid Ukrainian strikes on its oil sector. Ukraine reports a record number of Russian drone attacks in May.
South Korean patent applications for aviation fuel derived from waste plastics have surged 7.6 times between 2019 and 2023, reaching 230 cases. This growth, with an average annual increase of 66.1%, ranks second globally among major economies.
ENOC and Allied Aviation Fuel signed an MoU to study the commercial feasibility of a long-term distribution pathway for sustainable aviation fuel (SAF) and sustainable aviation electric fuel. The fuel will be supplied from an integrated production facility developed by Allied Aviation Fuel in Uzbekistan. The agreement aligns with the UAE's Sustainable Aviation Fuel Roadmap 2030 and Climate Neutrality Strategy 2050.
Australia's only commercial agave farm, Eden Lassie, faces challenges from spiky plants and past financial troubles. New owner Blue Sky Drinks sees growth potential in agave spirits and biofuels, while other farmers explore it as an alternative crop. Harvesting and scaling production remain key hurdles.
UK Defence Secretary John Healey has urged Reform UK leader Nigel Farage to disclose details about a £5m gift from businessman Christopher Harborne, specifically questioning its potential links to Russia-connected profits and the impact of geopolitical events on Harborne's company, AML Global.
Delhi government reduces Aviation Turbine Fuel (ATF) VAT from 25% to 7%, aiming to benefit airlines and passengers. This follows Maharashtra's similar move, seeking to ease operational costs amid global fuel price pressures.
Jet fuel has doubled in price since the start of the war on Iran. How bad will the disruption get and could this accelerate the route to jet zero?What happens to flights if the world runs out of oil? Well, obviously they will be grounded. To be more specific, is it possible, if the war in Iran does not resolve and the strait of Hormuz remains blocked, that airlines will simply run out of aviation fuel?It’s not a question anyone has had to ask before. Air travel has hit some hurdles this century that nobody could have seen coming – Covid, of course, but also the Icelandic volcano in 2010, which closed much of European airspace for eight days, cost an estimated €3.75bn (£3.2bn) and caused untold supply chain chaos. There have been problems contained within a country or region – the Heathrow substation outage and the Iberian energy crisis, both last year, both closing airports – but since air travel began, it has never been globally impeded by a fuel shortage. Continue reading...
Energy Minister Dorin Junghietu said that Romania is the closest source of aviation fuel for Moldova
A biofuel company backed by the family office of tycoon Peter Lee Ka-kit will invest HK$10 billion (US$1.3 billion) in sustainable aviation fuel (SAF) production plants in the Greater Bay Area, a project that Hong Kong’s leader has hailed as a “milestone” collaboration between the city and mainland China. EcoCeres, a Hong Kong-based renewable fuel producer backed by the tycoon - who is also chairman of Towngas - unveiled on Tuesday plans to build an SAF plant in Dongguan as part of a green...
Indian government raises ATF prices for international airlines by 5% to USD 1,511.86 per kilolitre in Delhi. This is the second straight monthly rise driven by global energy crisis, though domestic airline rates remain unchanged following a 25% hike on April 1.
Researchers published a study in ACS Catalysis on April 15 detailing a process to convert carbon dioxide directly into long-chain chemicals suitable for jet fuel. The method essentially runs combustion in reverse, recombining waste gas with water to create energy-dense liquid fuel. The breakthrough addresses two major obstacles that have historically hindered this chemical process: carbon chain growth difficulties and low yields of valuable long-chain products.
Since the U.S. and Israel's war against Iran began, jet fuel prices have soared, thousands of European flights have been canceled, and at least one airline may cease operations entirely.
EU transport ministers are set to meet to address rising aviation fuel costs. While no immediate shortage exists, the European Commission is preparing recommendations that include encouraging alternatives to air travel.
