In Qatar, Qatar Airways is investing in the California firm Byogy Renewables, reports Bloomberg. Chris Schroeder, a senior manager with QA is quoted as saying, “We’re looking to underwrite an investment into Byogy of up to 10 percent, coupled with an off-take agreement… This will enable the company to go into the market and look for further equity investment or other partners.” Financial details were not given.
Byogy makes bio-jet fuel from alcohol and it is expecting ASTM approval in late 2013. Schroeder noted that QA is hoping to have a “couple of flights to Europe by the end of 2014″, with ethanol sourced jet fuel.
More background on the story from the Digest