The aviation industry is increasingly turning to biofuel, and the goal is to be 100% powered by biofuel by 2050.
Last December, United Airlines flew from Chicago to Washington DC completely on sustainable aviation fuel. The aviation industry’s goal is to be 100% powered by biofuel by 2050. The airlines have to sign long-term contracts with bio-refineries for the plan to succeed.
According to the Environmental Leader, biofuel is made from algae, waste carbon, and corn or wood chip-based ethanol.
The biofuels industry is currently expanding — it’s expected to grow $1.31 million between 2022 and 2026, which is a growth rate of 6.74%.
One concern regarding the biofuel industry is that its production creates more greenhouse gasses compared to using petroleum. The good news is that the report published by the US Energy Department says that the biofuels industry has manufactured 17 billion gallons of fuel so far, which prevented 544 million metric tons of CO2.
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