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NetJets Invests in WasteFuel, Commits to Purchase 100 Million Gallons of Sustainable Aviation .
NetJetsFebruary 4, 2021 GMT
COLUMBUS, OH, Feb. 04, 2021 (GLOBE NEWSWIRE) NetJets today announces it has made a significant investment in WasteFuel, a next generation waste to fuel company that aims to transform landfill waste into sustainable aviation fuel (SAF), making it the first private aviation company to buy a stake in the production of sustainable aviation fuel. NetJets will also purchase a minimum of 100 million gallons of WasteFuel’s SAF over the next ten years.
NetJets
NetJets Invests in WasteFuel, Commits to Purchase 100 Million Gallons of Sustainable Aviation Fuel Over the Next Decade
NetJets Invests in WasteFuel, Commits to Purchase 100 Million Gallons of Sustainable Aviation Fuel Over the Next Decade
The World’s Largest Private Jet Company Buys a Stake in the Production of SAF
COLUMBUS, OH, Feb. 04, 2021 (GLOBE NEWSWIRE) NetJets today announces it has made a significant investment in WasteFuel, a next generation waste to fuel company that aims to transform landfill waste into sustainable aviation fuel (SAF), making it the first private aviation company to buy a stake in the production of sustainable aviation fuel. NetJets will also purchase a minimum of 100 million gallons of WasteFuel’s SAF over the next ten years.
The World’s Largest Private Jet Company Buys a Stake in the Production of SAF
COLUMBUS, OH, Feb. 04, 2021 (GLOBE NEWSWIRE) NetJets today announces it has made a significant investment in WasteFuel, a next generation waste to fuel company that aims to transform landfill waste into sustainable aviation fuel (SAF), making it the first private aviation company to buy a stake in the production of sustainable aviation fuel. NetJets will also purchase a minimum of 100 million gallons of WasteFuel’s SAF over the next ten years.
NetJets and WasteFuel are in the early phases of developing a plant in Manila, Philippines, slated to be operational in 2025, in partnership with leading infrastructure developer Prime Infra. The fuel is anticipated to be imported into Los Angeles and distributed across the NetJets operations network.
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The World s Largest Private Jet Company Buys a Stake in the Production of SAF
COLUMBUS, OH, Feb. 04, 2021today announces it has made a significant investment in WasteFuel, a next generation waste to fuel company that aims to transform landfill waste into sustainable aviation fuel (SAF), making it the first private aviation company to buy a stake in the production of sustainable aviation fuel. NetJets will also purchase a minimum of 100 million gallons of WasteFuel s SAF over the next ten years.
NetJets and WasteFuel are in the early phases of developing a plant in Manila, Philippines, slated to be operational in 2025, in partnership with leading infrastructure developer Prime Infra. The fuel is anticipated to be imported into Los Angeles and distributed across the NetJets operations network.
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RBC | Rio Blanco County’s proposed 2021 budget is set for adoption by the Board of County Commissioners on Tuesday, Dec. 15, 2020. During work session Tuesday the board reviewed the budget with Budget and Finance Director Janae Stanworth.
Overall revenue is projected to increase by $355,772 and expenses by $651,315 for a net difference of about $300,000. The majority of expenditures over revenue are related to capital improvement projects for Meeker Airport and Rangely Airport entitlement funds. The county plans to cover 5% of the cost of airport improvement projects and remaining costs will be covered by federal/state funding.
Severance tax revenues are projected to decrease by about 75% from 2020, Federal Mineral Lease (FML) is expected to decrease by 2%, based on the assumption that oil and gas prices will increase in 2021. If they do not, FML payments could decrease further.