Global logistics giant FedEx Express has reinforced its commitment to increase use of renewable biofuel by signing a supply deal with US-based Red Rock LLC, which is currently building a biorefinery to manufacture this product from woody-biomass. This is the second contract for Red Rock after the one signed with\u00a0US Southwest Airlines.<\/p>\n
Red Rock will provide FedEx with three million gallons of low-carbon jet fuel per year starting 2017 until 2024.<\/p>\n
Red Rock\u2019s first refinery, funded in part by a $70 million Title III DPA grant from the U.S. Departments of Agriculture, Energy and Navy, is scheduled to break ground this fall in Lakeview, Oregon and will convert approximately 140,000 dry tons of woody biomass into 15 million gallons per year of renewable jet, diesel and naphtha fuels.<\/p>\n
\u201cAs we look to break ground on our refinery in the coming months, we\u2019re thrilled to have signed a contract with FedEx as they look to diversify their fuel supply and reduce emissions throughout their aviation unit,\u201d said Terry Kulesa, co-founder and CEO of Red Rock. \u201cWith our total jet fuel capacity now sold to FedEx and Southwest Airlines, we are building a suite of powerful, global customers that continue to commit to the future of alternative fuels in a market where oil prices are low, providing true validation of our business model and mission.\u201d<\/p>\n
Red Rock Biofuels LLC will refine waste biomass residues into high value, lower carbon renewable jet, diesel and naphtha fuels.<\/p>","protected":false},"excerpt":{"rendered":"
Global logistics giant FedEx Express has reinforced its commitment to increase use of renewable biofuel by signing a supply deal with US-based Red Rock LLC, which is currently building a biorefinery to manufacture this product from woody-biomass. This is the … Continue reading