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Business

JetBlue signs large bio-jet fuel deal

by Michael McCoy
September 26, 2016 | APPEARED IN VOLUME 94, ISSUE 38

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Credit: JetBlue
JetBlue planes on the runway.
Credit: JetBlue
JetBlue planes on the runway.

JetBlue has signed a 10-year agreement to purchase biobased jet fuel from SG Preston, a Philadelphia-based start-up. The airline plans to buy about 125 million L of a biofuel blend annually, equal to 20% of its fuel consumption at John F. Kennedy International Airport. Preston intends to build multiple facilities that hydrogenate plant-derived oils into straight-chain paraffinic hydrocarbons that can substitute for jet fuel. The company has identified five construction sites in Ohio and Michigan, although work has yet to start on any of them.

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