tiprankstipranks
Yield10 Bioscience, American Airlines sign MOU to form collaboration
The Fly

Yield10 Bioscience, American Airlines sign MOU to form collaboration

Yield10 Bioscience (YTEN) announced that it signed a Memorandum of Understanding, MoU, with American Airlines (AAL) on February 27, 2023 to collaborate in developing the value chain for Camelina as a low-carbon feedstock oil for sustainable aviation fuel. Under the MOU, Yield10 and American plan to work together to support the development of the Camelina oil-based SAF value chain with the potential to secure offtake agreements for Camelina oil-based SAF for use in the commercial airline business. Oliver Peoples, Ph.D., President and Chief Executive Officer of Yield10 Bioscience said, "With this new relationship in place with American, we continue to make progress toward our goal of establishing a network of collaborations across the biofuel value chain to support the establishment of Camelina as a major new source of feedstock oil for transportation fuel. We are excited to be aligned with American on the potential for Camelina to play an important role in sustainably de-carbonizing SAF. We look forward to working closely with American to establish the performance profile of Camelina feedstock oil and to develop the value chain for SAF from field to flight."

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on YTEN:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles