FedEx Express Soon To Be Powered by Biofuel
August 5, 2015http://www.renewableenergyworld.com/articles/2015/07/fedex-express-soon-to-be-powered-by-biofuel.html
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Red Rock Biofuels recently announced that they would produce several million gallons of renewable jet fuel per year for FedEx Express. The agreement runs through 2024, with first delivery expected in 2017.
FedEx, along with Southwest Airlines, will be purchasing Red Rock's total available volume of jet fuel. Red Rock's first refinery is scheduled to break ground this fall in Lakeview, Oregon and will convert approximately 140,000 tons of woody biomass into 15 million gallons per year of renewable fuels. In addition to reducing carbon emissions, Red Rock's process could also help reduce the risk of forest fires by decreasing the amount of waste woody biomass in forests.
"With our total jet fuel capacity now sold to FedEx and Southwest Airlines, we are building a suite of powerful, global customers that continue to commit to the future of alternative fuels in a market where oil prices are low, providing true validation of our business model and mission," said Terry Kulesa, co-founder and CEO of Red Rock.
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