Aramco, ENI, United Airlines invest in UK-based low-carbon fuel venture
newscatcher
2023-06-07 11:31
Aramco, ENI, United Airlines invest in UK-based low-carbon fuel venture
NEW YORK – The venture units of oil firms Saudi Aramco and Italy's ENI have joined the world's largest passenger carrier United Airlines to invest in British start-up OXCCU's efforts to slash the prohibitively high cost of lower-carbon aviation fuel, the companies said on Wednesday. Aviation produces about 2 percent of the world's planet-warming emissions and the sector's own targets to emit no more than can be absorbed by natural sinks like forests or other technologies by 2050 pose a particularly daunting challenge.

https://business.inquirer.net/404290/aramco-eni-united-airlines-invest-in-uk-based-low-carbon-fuel-venture

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