SHANGHAI :
Hainan Airlines Uses Sinopec Biofuel on Cross-Ocean Flight For First Time
Liao Shumin
DATE:  Nov 23 2017
/ SOURCE:  Yicai
Hainan Airlines Uses Sinopec Biofuel on Cross-Ocean Flight For First Time Hainan Airlines Uses Sinopec Biofuel on Cross-Ocean Flight For First Time

(Yicai Global) Nov. 23 -- Hainan Airlines Co. [SHA:600221], China's fourth-largest airline by fleet, has used biofuel produced by the country' second-biggest petrochemical company, China Petroleum & Chemical Corp. (Sinopec) [SHA:600028], on a transoceanic flight for the first time, reported Securities Daily.

The Boeing Co.'s [NYSE:BA] Boeing 737 carrying Flight HU497 set off from Beijing Capital International Airport at 2:31 pm on Nov. 21 carrying 186 passengers, and landed smoothly at Chicago O'Hare International Airport yesterday.

The flight follows the first domestic application of such fuel in commercial flights in 2015, and a technical verification test flight in 2013, and also shows how China's R&D and production technology related biofuel is becoming more mature.

Sinopec Zhenhai Refining & Chemical Company blended the raw material and waste cooking oil with conventional jet fuel at a ratio of 15:85.

Biofuel is aviation kerosene produced from renewable resources mainly composed of plant oils such as coconut oil, palm oil, jatropha oil and linseed oil, as well as microalgal oil, waste cooking oil and animal fat. Compared with traditional petroleum-based aviation kerosene, carbon emissions of biofuel can be reduced by more than 50 percent over the entire lifecycle.

Sinopec said it will make overall use of biomass resources and its market network both at home and abroad to deepen cooperation with airlines to promote the commercialization of biofuel.

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Keywords:   MSCI,Aviation Kerosine,China Petroleum And Chemical Corporation