{"id":71410,"date":"2023-06-12T00:00:00","date_gmt":"2023-06-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/more-sustainable-aviation-fuel-progress-airbus-ups-aircraft-deliveries-plus-msc-slapped-with-usd-9-8-mn-fine\/"},"modified":"2023-06-12T00:00:00","modified_gmt":"2023-06-12T00:00:00","slug":"more-sustainable-aviation-fuel-progress-airbus-ups-aircraft-deliveries-plus-msc-slapped-with-usd-9-8-mn-fine","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/more-sustainable-aviation-fuel-progress-airbus-ups-aircraft-deliveries-plus-msc-slapped-with-usd-9-8-mn-fine\/","title":{"rendered":"More sustainable aviation fuel progress + Airbus ups aircraft deliveries. PLUS: MSC slapped with USD 9.8 mn fine"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Aramco, Eni + United Airlines invest in aviation fuel R&D:<\/span><span style=\"\"> The venture units of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aramco.com\/\" style=\"\">Saudi Aramco<\/a><\/span><span style=\"\"> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eni.com\/en-IT\/home.html\" style=\"\">ENI<\/a><\/span><span style=\"\">, as well as <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.united.com\/en\/us\" style=\"\">United Airlines<\/a><\/span><span style=\"\">,<\/span><span style=\"\"> have joined <\/span><span style=\"\">forces to invest in UK-based <\/span><span style=\"\">sustainability startup <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.oxccu.com\/\" style=\"\">OXCUU<\/a><\/span><span style=\"\">\u2019s drive to make low-carbon aviation fuel more affordable,<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/sustainability\/aramco-eni-united-airlines-invest-uk-based-low-carbon-fuel-venture-2023-06-07\/#:~:text=NEW%20YORK%2C%20June%207%20(Reuters,the%20companies%20said%20on%20Wednesday.\" style=\"\">Reuters<\/a><\/span><span style=\"\"> reported last week. The initiative \u2014 spearheaded by US-based investor <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cleanenergyventures.com\/\" style=\"\">Clean Energy Ventures<\/a><\/span><span style=\"font-weight:400;\"> \u2014 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.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ALSO WORTH KNOWING-<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Airbus<\/span><span style=\"\"> delivered <\/span><span style=\"font-weight:700\">63 aircraft in May<\/span><span style=\"\">, up <\/span><span style=\"font-weight:700\">34% y-o-y<\/span><span style=\"\">, bringing its total for the year <\/span><span>to <\/span><span style=\"font-weight:700\">244 jets<\/span><span>. <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/airbus-deliveries-up-may-go-first-orders-fall-by-16-units-2023-06-07\/\" style=\"\">(Reuters)<\/a><\/span><\/li>\n<li><span style=\"\">The US <\/span><span style=\"font-weight:700\">Federal Maritime Commission <\/span><span style=\"\">(<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fmc.gov\/\" style=\"\">FMC<\/a><\/span><span style=\"\">) has slapped <\/span><span style=\"font-weight:700\">MSC <\/span><span style=\"\">subsidiary <\/span><span style=\"font-weight:700\">Hamburg S\u00fcd<\/span><span> with a <\/span><span style=\"font-weight:700\">USD 9.8 mn fine <\/span><span>for alleged <\/span><span style=\"font-weight:700\">price gouging<\/span><span>, <\/span><span style=\"font-weight:700\">collusion<\/span><span>, and <\/span><span style=\"font-weight:700\">contract breaches<\/span><span>. The fine is the largest issued by the FMC since its powers were expanded last summer. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/splash247.com\/maersk-hit-with-9-8m-fmc-fine\/\" style=\"\">Splash<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Aramco, Eni + United Airlines invest in aviation fuel R&#038;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\u2019s drive to make low-carbon aviation fuel more affordable,Reuters reported last week. The initiative \u2014 spearheaded by US-based investor Clean Energy Ventures \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":71411,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,145,184,17,34],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-71410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-aviation","tag-decarbonization","tag-enterprise-logistics","tag-maritime","wpautop","entry"],"acf":{"mongo_id":"48c522f2-6d97-4ee9-9b67-193b165f39ad","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/541.jpg","photo_position":"above","homepage_title":"","full_issue_title":"More sustainable aviation fuel progress + Airbus ups aircraft deliveries. PLUS: MSC slapped with USD 9.8 mn fine","related_issue":[71389],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.08662f4e-048a-413c-961a-38c435c5eec6.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>More sustainable aviation fuel progress + Airbus ups aircraft deliveries. 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