Sustainable Aviation Fuel
Search documents
X @Bloomberg
Bloomberg· 2026-02-02 03:18
Google, Singapore Airlines and DBS are among companies that will test the city-state’s plan for central procurement of sustainable aviation fuel, as officials aim to curb emissions from air travel https://t.co/0XmGzvIHah ...
Syntholene Energy Announces Co-Listing in the United States on OTCQB Market Under Symbol SYNTF
TMX Newsfile· 2026-01-30 08:05
Core Viewpoint - Syntholene Energy Corp has commenced trading on the OTCQB Venture Market in the U.S. under the symbol SYNTF, aiming to broaden its U.S. investor base and enhance visibility in the aviation fuel and energy infrastructure sectors [1][3]. Company Overview - Syntholene is focused on commercializing its Hybrid Thermal Production System for low-cost clean fuel synthesis, targeting the production of ultrapure synthetic jet fuel at 70% lower cost than competing technologies [4]. - The company aims to deliver high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, potentially producing clean synthetic fuel cheaper than fossil fuels for the first time [4]. Strategic Importance - Establishing a U.S. trading presence is seen as a strategic move, as the U.S. is the largest aviation market and a key center for capital formation in energy and infrastructure investments [3]. - The OTCQB listing is expected to enhance visibility and accessibility in the U.S. market, coinciding with increasing policy support for sustainable aviation fuel and synthetic fuels [3]. Technology and Infrastructure - Syntholene's power-to-liquid strategy integrates thermal energy with hydrogen production and fuel synthesis, having secured 20MW of dedicated energy for its upcoming demonstration facility and commercial scale-up [5]. - The company is led by experienced operators in advanced energy infrastructure, aiming to create a scalable modular production platform for cost-competitive synthetic fuel [6].
Bombardier Expands Its Manufacturing Footprint in Dorval with $100 Million Project to Support Worldwide Growth
Globenewswire· 2026-01-15 12:30
Core Viewpoint - Bombardier is investing approximately $100 million to establish a new 126,000-square-foot manufacturing center in Dorval, aimed at enhancing production capabilities and responding to increasing demand for business aircraft [3][4]. Group 1: Investment and Expansion - The new manufacturing center is part of Bombardier's long-term strategy to boost productivity and is expected to open before the end of 2027 [4][7]. - The project will create skilled job opportunities, contributing to the local economy [4][6]. Group 2: Government Support - Quebec's Minister of Economy, Innovation and Energy, Christine Fréchette, announced a $35 million repayable loan from Investissement Québec's ESSOR program to support the expansion [5][7]. - The ESSOR program aims to promote Quebec's competitive manufacturing sector and economic vitality [5]. Group 3: Economic Impact - Bombardier contributed a total of $7.4 billion to Canada's GDP in 2024 and sustained nearly 50,000 jobs across the country, with almost 10,000 direct jobs in Quebec [9]. - Bombardier accounts for over 31% of aerospace employment in Quebec, making it one of the province's largest manufacturing employers [9].
Statement from Bart Demosky, Executive Vice President and CFO, Bombardier, on Moody’s Ratings Upgrade to Ba3 from B1
Globenewswire· 2025-12-01 12:30
MONTREAL, Dec. 01, 2025 (GLOBE NEWSWIRE) -- The Bombardier team is proud to share that Moody’s has upgraded the company’s credit rating from B1 to Ba3, with a positive outlook. With this recent upgrade, Bombardier’s credit ratings are back in the Ba/BB category with both Moody’s and S&P for the first time in over a decade. This achievement reflects the company’s strong and consistent execution across business segments, solid financial performance and disciplined deleveraging efforts over recent years. With ...
Statement from Bart Demosky, Executive Vice President and CFO, Bombardier, on Moody's Ratings Upgrade to Ba3 from B1
Globenewswire· 2025-12-01 12:30
Core Insights - Bombardier's credit rating has been upgraded by Moody's from B1 to Ba3, marking a return to the Ba/BB category for the first time in over a decade [1][2] Group 1: Financial Performance - The upgrade reflects Bombardier's strong execution across business segments, solid financial performance, and disciplined deleveraging efforts in recent years [2] - The company has a robust backlog that ensures visibility on future deliveries, contributing to diversified and resilient revenue streams [2] Group 2: Business Strategy - Bombardier is focused on expanding its Services and Defense businesses, which are integral to its long-term growth strategy [2] - The company emphasizes delivering returns on capital while executing its growth plans across its portfolio [2] Group 3: Company Overview - Bombardier designs, builds, modifies, and maintains high-performance aircraft for various sectors, including government and military [4] - The company operates a fleet of over 5,100 aircraft, supported by a global network and 10 service facilities across six countries [6]
flydubai inks deal with GE Aerospace for GEnx-1B engines and services to power its first widebody fleet
Prnewswire· 2025-11-17 12:00
Core Insights - GE Aerospace and flydubai have signed an agreement for 60 GEnx-1B engines to power flydubai's first widebody fleet of 30 Boeing 787-9 aircraft, which includes spare engines and a long-term services agreement [1][2][3] Company Growth Strategy - The agreement supports flydubai's growth strategy and network expansion, allowing the airline to increase capacity on existing routes and meet the demand from a growing passenger base [3][4] - Established in 2008, flydubai currently serves over 135 destinations across 57 countries and is adding long-haul destinations to its network [3][7] Engine Selection and Performance - The selection of GEnx-1B engines reflects flydubai's confidence in GE Aerospace's technology, which is known for its performance, durability, and fuel efficiency [4][5] - Since its introduction in 2011, the GEnx engine family has accumulated over 70 million flight hours and is GE Aerospace's fastest-selling high-thrust engine, with more than 3,900 engines in service [5] Partnership and Investment - GE Aerospace has been a partner to the UAE for over 40 years, with a significant presence in the region, including more than 240 employees and various facilities [6] - GE Aerospace announced a $50 million investment in a new On Wing Support facility to support the future of flight in the UAE [6] Flydubai's Operational Milestones - Flydubai operates a single fleet of 96 Boeing 737 aircraft and has carried over 120 million passengers since its inception in 2009 [9] - The airline has opened more than 100 new routes that previously lacked direct air links to Dubai, enhancing connectivity and trade [8]
Calumet Specialty Products Partners(CLMT) - 2025 Q3 - Earnings Call Presentation
2025-11-07 14:00
Financial Performance - Calumet's Q3'25 Adjusted EBITDA with Tax Attributes reached $92.5 million[6] - $44 million of restricted debt reduction occurred in Q3'25[6,8] - Year-to-date operating costs decreased by $61 million year-over-year[6,8] Segment Performance - Specialty Products and Solutions (SPS) achieved Adjusted EBITDA with Tax Attributes of $80.2 million in Q3'25, compared to $50.7 million in Q3'24[6] - Performance Brands (PB) reported Adjusted EBITDA with Tax Attributes of $13.2 million in Q3'25[6] - Montana/Renewables (MRL at 87%) posted Adjusted EBITDA with Tax Attributes of $17.1 million in Q3'25, versus $14.6 million in Q3'24[6] - Montana Renewables operating costs hit a new low in Q3'25 at $0.40 per gallon[6,8] Montana Renewables & SAF - MaxSAF 150 project is on track for Q2'26[6,8,9] - Approximately 100 million gallons of SAF contracts and term sheet commitments have been secured to date[6,8,15]
Bombardier Global 8000, World's Fastest Business Jet, Awarded Transport Canada Type Certification
Globenewswire· 2025-11-05 17:00
Core Insights - Bombardier's Global 8000 has received Transport Canada Type Certification, enabling its entry into service in 2025, with FAA and EASA certifications to follow [2][6][12] Performance and Features - The Global 8000 achieved a top speed of Mach 0.95 and a range of 8,000 nautical miles, making it the fastest civilian aircraft since the Concorde [6][7] - It features the lowest cabin altitude in business aviation at 2,691 feet at 41,000 feet, significantly reducing physiological stress for passengers [3][6][8] - The aircraft includes advanced systems such as the Pũr Air system for air quality and the Soleil circadian lighting system to combat jet lag [4][8] Design and Comfort - The Global 8000 offers four true living spaces and a separate crew rest area, setting a high standard for luxury and comfort in business jets [8] - Its advanced wing design allows for takeoff and landing performance comparable to light jets, enabling access to 30% more airports than its closest competitor [7] Industry Impact - This certification and the aircraft's capabilities position Bombardier as a leader in the business aviation sector, setting new industry benchmarks [4][6]
Fluor Selected for Front-End Engineering and Design of Sustainable Aviation Fuel Hub in England
Businesswire· 2025-11-04 12:05
Core Insights - Fluor has been selected for the front-end engineering and design of a sustainable aviation fuel hub in England, indicating a strategic move towards renewable energy solutions in the aviation sector [1] Company Summary - Fluor's involvement in the sustainable aviation fuel hub project highlights its commitment to advancing sustainable energy technologies and positions the company as a key player in the growing market for renewable fuels [1] Industry Summary - The selection of Fluor for this project reflects the increasing demand for sustainable aviation fuel, which is becoming a critical component in the aviation industry's efforts to reduce carbon emissions and enhance environmental sustainability [1]
Bombardier to Report Third-Quarter 2025 Financial Results on November 6, 2025
Globenewswire· 2025-10-16 11:30
Core Insights - Bombardier is set to release its financial results for the third quarter of 2025 on November 6, 2025 [1] - The presentation will be led by Éric Martel, President and CEO, and Bart Demosky, Executive Vice President and CFO, starting at 8:00 a.m. ET [2] - A live webcast will be available for the presentation, along with financial charts [2] Company Overview - Bombardier designs, builds, modifies, and maintains high-performance aircraft for various sectors including businesses, governments, and militaries [4] - The company aims to innovate in aviation to enhance reliability, efficiency, and sustainability [5] - Bombardier operates a fleet of approximately 5,100 aircraft, supported by a global network and 10 service facilities across six countries [6]