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0.00035938903863425 0.000539083557951375 0.00035938903863425 -0.00179694519317163 0.00161725067385438 0.00161725067385438 0.00161725067385438 0.00161725067385438
Stock impact report

CORRECTED-Microsoft invests $50 million in alcohol-to-jet fuel biorefinery [Reuters]

Suncor Energy Inc. (SU) 
Last suncor energy inc. earnings: 2/5 07:15 pm Check Earnings Report
US:NYSE Investor Relations: suncor.com/investor-centre
Company Research Source: Reuters
By Laura Sanicola 2 Min Read (Corrects name of biorefinery in 4th paragraph to Freedom Pines Fuels) (Reuters) -Microsoft is investing $50 million in a LanzaJet facility in Georgia that will produce jet fuel from ethanol next year, LanzaJet said. The airline industry is considered one of the hardest to decarbonize. Renewable aviation fuel accounted for less than 0.1% of current global jet fuel demand of about 330 million tonnes in 2019, investment bank Jefferies said last year. Governments and investors are trying to boost incentives to produce lower-carbon emitting jet fuel. LanzaJet, based in Chicago, said it has nearly completed on-site engineering at its Freedom Pines Fuels Biorefinery, with plans to start producing 10 million gallons of sustainable aviation fuel (SAF) and renewable diesel per year from sustainable ethanol, including from waste-based feedstocks, in 2023. Oil majors, airlines and other petroleum trading companies including Suncor Energy Inc., British Airways and Sh Show less Read more
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