Europe has launched an initiative to speed up commercialization of aviation biofuels as another of the region’s airlines unveils plans to use the new fuels in revenue service. The moves comes as International Energy Agency member countries, including the U.S., agree to release 60 million barrels of oil over 30 days from emergency stocks to overcome disruption of supplies from Libya and stabilize prices. Welcoming the decision, the U.S Air Transport Association says it is “time to ...
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