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Mainland to invest up to US$300m in biofuels  RSS feed

 
                            
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The mainland's aviation industry is expected to inject as much as US$300 million over the next four years to expand its supply of biofuels, says a senior executive at American aircraft manufacturer Boeing.

Billy Glover, vice-president of environment and aviation policy, said the industry would need a full-scale refinery operation - costing US$200 million to US$300 million - by 2015 in order to meet the global target of replacing 1 per cent of individual countries' annual jet fuel usage with biofuels.

He made the remark after Air China successfully completed its first test flight using a biofuel partially produced from jatropha seeds.

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