United Airlines focuses on biofuels
Company is investing 5 million dollars in research start-ups
US air carrier United Airlines announced yesterday an initial 5 million dollar investment in a technology start-up specializing in applied environmental research. The airline's goal is to screen and test new tools that will enable the production of greater amounts of environmentally friendly jet fuel.
This is the eighth investment for United Continental Holdings' venture capital fund, which in recent years has also financed projects to develop electric aircraft, supersonic aircraft and hydrogen-powered aircraft. Most recently, it has targeted two startups for massive production of sustainable fuel.
The 5 million dollar investment just announced is for the US-based company Cemvita Factory, which is engaged in research on genetically modified microbes that can transform carbon dioxide into hydrocarbons. This could lead to the development of efficient aircraft biofuels.
AVIONEWS - World Aeronautical Press Agency