Sustainable Aviation Biofuels In Latin America

http://www.iadb.org/en/news/news-releases/2011-06-08/biofuels-in-latin-america-and-the-caribbean,9403.html

Jun 8, 2011
IDB launches regional initiative to support Sustainable Aviation Biofuelsin Latin America and the Caribbean
The Inter-American Development Bank (IDB) announced today the approval of a regional cooperarion to help public and private institutions develop a sustainablebiojet fuels industry employing different kinds of local organic feedstock.
This initiative will fund: consultancy services, knowledge development, dissemination material and workshops on the sustainableuse and production of biojet fuels, with the goal of demonstrating their feasibility for the local aviation sector, and for potential exports. 
The IDB is partnering with the aviation industrystakeholders that are leading the development of alternative aviation fuels, such as the International Civil Aviation Organization, the Commercial Aviation Alternative Fuels Initiative, and the WorldEconomic Forum, individual airlines, aircraft manufacturers and biofuel technology providers. These institutions and companies are working together on regulations and targets for carbon emissions reductionswith the goal of displacing as much as 50 percent of jet fuel worldwide by alternative sources by 2050.
One way for airlines to meet carbon emissions targets is by purchasing carbon credits; anotheris to develop alternative fuels that would help meet the carbon emissions reduction requirements, while helping the industry to be more competitive by reducing fuel price volatility. Options foralternative fuels in this sector are currently limited because of the technical requirements of jet fuels. The IDB project will make it possible to explore and develop technologies that will producefeasible substitutes to traditional fuels in the aviation sector. 
This would enable Latin America and the Caribbean (LAC) to play a lead role in the supply of a competitive value-added product (as it...