PetroChina sells bio-jet fuel to European market for the first time
Aerial photo taken on Nov. 21, 2019 shows a vessel transporting liquefied natural gas (LNG) approaching a LNG wharf at Caofeidian port in Tangshan, north China's Hebei Province.(Xinhua/Yang Shiyao)
More than 2,000 tonnes of bio-jet fuel operated by PetroChina International Co., Ltd. entered KLM's depot in Amsterdam recently, marking PetroChina's first bio-jet fuel transaction in the European market and a new step in the company's international trade of new energy business, according to the company.
As a new energy source in the aviation field, compared with conventional fossil jet fuel, bio-jet fuel can reduce life cycle carbon emissions by up to 80 percent, and does not require any special changes to aircraft engines or structures.
In recent years, PetroChina International has get involved in the European bio-fuel market and European carbon emissions trading.
Since the beginning of this year, the company has paid close attention to the European bio-jet fuel market, and sold this batch of bio-jet fuel and bio-diesel to the European market, and also achieved a new breakthrough in bioenergy transportation.