Airbus, Honeywell team on biofuel for airplanes

Plane maker Airbus and diversified manufacturer Honeywell International Inc. on Thursday said they are developing a biofuel that by 2030 could satisfy nearly a third of the worldwide demand from commercial aircraft, without affecting food supplies.

Along with JetBlue Airways Corp. and International Aero Engines, they plan to produce fuel from vegetation and algae-based oils that do not compete with existing food production or land and water resources.

International Aero Engines is a multinational consortium whose shareholders include United Technologies Corp.'s Pratt & Whitney and Rolls-Royce.

Airbus spokesman Clay McConnell said in the "technical partnership," each company will invest time and intellectual property into developing and testing a biofuel that can later be sold to refiners or others interested in producing it.

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