HSBC funding biofuel

EUROPEAN banking giant HSBC has added its support to a biofuel development partnership run by Virgin Atlantic and LanzaTech, which is also supported by Boeing. The organisations are working to produce jet fuel from waste gases captured from industrial steel production, which are then fermented & chemically converted into sustainable aviation fuel. VS and LanzaTech have been working on the project for three years, with test flights expected within the next year. Virgin Atlantic president Richard Branson said HSBC’s support will help getting fuel certified for use.

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