United Airlines Invests $30M in California-based Waste-to-Fuels Company

摘要

United Airlines announced a $30 million equity investment in U.S.-based alternative fuels developer Fulcrum BioEnergy, Inc., a pioneer in the development and commercialization of converting municipal solid waste into low-cost sustainable aviation biofuel. It is also the single largest investment by a U.S. airline in alternative fuels. In addition to the equity investment, United and Fulcrum have entered into an agreement that contemplates the joint development of up to five projects located near United s hubs expected to have the potential to produce up to 180 million gallons of fuel per year.