Airlines seek to boost market for biofuels

Fifteen airlines say they’ve signed memorandums of understandings that could lead to the purchase of hundreds of millions of gallons of fuel made from either coal or camolina, a weed that’s a cousin to canola.

The agreements were announced Tuesday by Air Transport Association. United Airlines Chairman Glen Tilton – who is also chairman of the airline association – said the agreements show airlines are actively working to stimulate competition to jet fuel made from oil.

Airlines from the United States, Canada, Germany and Mexico have signed memorandums with AltAir Fuels LLC of Seattle to produce fuel from camelina and Rentech Inc. of Los Angeles to produce fuel from coal or petroleum coke.