Aramco, Eni + United Airlines invest in aviation fuel R&D: The venture units of Saudi Aramco and ENI, as well as United Airlines, have joined forces to invest in UK-based sustainability startup OXCUU’s drive to make low-carbon aviation fuel more affordable,Reuters reported last week. The initiative — spearheaded by US-based investor Clean Energy Ventures — will see USD 22.7 mn go to Oxford-affiliated OXCCU to fund research on sustainable aviation fuels. OXCCU says it has innovated a method utilizing an iron-based catalyst that cuts 50% of the capital costs involved in producing low-carbon aviation fuels while also producing fewer byproducts, as per company statements cited by Reuters.

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  • Airbus delivered 63 aircraft in May, up 34% y-o-y, bringing its total for the year to 244 jets. (Reuters)
  • The US Federal Maritime Commission (FMC) has slapped MSC subsidiary Hamburg Süd with a USD 9.8 mn fine for alleged price gouging, collusion, and contract breaches. The fine is the largest issued by the FMC since its powers were expanded last summer. (Splash)
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