Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings 
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates 
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Wall Street Slides as AI Stocks Tumble Following South Korea Tech Sell-Off 
The South Korean state defense research agency was said to have developed technologies to produce palm oil-based biofuel for jets. Based on the report, the agency acquired the production technique through a series of tests.
As per Aju Business Daily, the main technologies for the production were discovered, and based on the testing, the low-carbon renewable fuel could be an alternative source of fuel for both the civil and military turbine engines.
The defense agency’s research results
The research was done by the Agency for Defense Development (ADD), and it started in 2016. The ADD is operating under the Defense Ministry, and the production technique for the palm oil-based biofuel for planes was the result of a four-year study and tests.
The Defense Ministry has now developed the procedure that will allow it to churn out five tons of jet biofuel per year. The technique is simple: the researchers made use of a highly reactive solid catalyst, deoxidation process, disintegration, and finally, reconstruction of the palm oil substances.
The ministry revealed that the technique was tested to determine if the manufactured palm oil biofuel meets the Carbon Offsetting and Reduction Scheme for International Aviation’s (CORSIA) requirements. The specifications were set by the International Civil Aviation Organization (ICAO) this year to help control aviation’s impact on climate.
It was said that South Korea uses around 160,000 tons of cooking oil, and these are collected from fried chicken stores. These will not be reused to manufacture biodiesel for the aviation industry.
Korean Air chooses sustainable fuel
Just as the defense ministry is moving to produce palm oil-based fuel for the jets, Biofuels International reported that Korean air is also opting for sustainable aviation fuel. For this, it teamed up with Hyundai Oilbank to take on SAF.
The airline and Hyundai Oilbank signed a Memorandum of Understanding (MoU) for the production and usage of SAF. With the deal, Korean Air is hoping to offset climate change brought about by the aviation industry. Finally, the sustainable fuel for aviation is made of grains, plants, algae, and animal fats, and these can lower a single flight’s emissions by up to 80%.
