The aviation industry is facing unprecedented growth in fuel costs and growing pressure to curb emission levels. As a result, research programs, joint ventures, and public-private partnerships have all been launched to come up with new forms of jet fuel. Rolls-Royce and British Airways are the most recent companies to announce a research partnership to study the feasibility of dramatically expanding the use of the alternative fuels.

Jet fuel (kerosene) now ranks as the third-highest petroleum product in demand and its growth rate outpaces that of GDP. Kerosene is the current fuel of choice for jet fuel because It is widely available and can tolerate a wide range of temperatures. The demand for kerosene on the global market has caused its price to double in the last 12 months alone. Growth in demand for kerosene is being driven, in part, by a growing culture of mobility and its transportation fuels byproducts in the rapidly growing economies of Asia, but also because of the added pressure of American military fuel consumption in the Iraq war. As global energy consumption is predicted to grow 50 percent by 2050, the aviation industry is wising-up to the notion that fuel prices are not coming down any time soon.

Read more of this story »