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The Economic Times
The Economic Times
Business

Jet fuel made from tropical fruit gets $3 billion backing

(Bloomberg) -- In Brazil’s Minas Gerais state north of Sao Paulo, more than 200 researchers are racing to commercialize an oil-rich fruit so that it can one day power jetliners.

Agronomists, biotechnicians and automation experts are the brains behind a $3 billion project to plant the little-known macauba palm tree across as many as 144,000 hectares (356,000 acres) of land — an area slightly larger than the city of Los Angeles — and then harvest it for sustainable aviation fuel.

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