30 July 2015 – FedEx, the world’s largest air cargo company, has announced their agreement to buy 3 million gallons of biofuel a year for eight years starting in 2017. FedEx plans to purchase the alternative fuels from Red Rock Biofuel based in Colorado, the same company that will start supplying Southwest Airlines in 2016.
Red Rock’s fuel will be sourced from 140,000 tons of forest waste (e.g. trees, branches, bark, and leaves), which will then be converted into 15 million gallons of renewable jet, diesel, and naphtha fuel a year. This agreement represents FedEx’s first step in reaching their goal of obtaining 30% of their jet fuel from alternative sources by 2030.
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