Biodiesel, a mix of diesel and palm oil-derived methyl ester used by cars with internal combustion engines, as well as used cooking oil that previously was deemed useless are now vying to change the aviation industry. The two oils can be processed to make sustainable aviation fuel, or SAF, a biofuel for aircraft.
RECAP: Asian shares came under pressure yesterday after lingering banking stability concerns gripped Wall Street, while bond markets bet that recent rate hikes by central banks will be among the last of the cycle, allowing for policy relief later in the year.
Stocks in the tourism, aviation and pharmaceutical sectors are the major beneficiaries of China's announcement to allow group tours to visit 20 countries effective as of Feb 6, analysts said.
The full reopening of the country from July drove up fuel consumption, which grew by 14% year-on-year in the first 11 months of 2022, the Department of Energy Business reported onWednesday.