FedEx to boost biofuel use to cut costs, emissions

The New York Times Energy & Environment
By MICHAEL BURNHAM, Greenwire
Published: April 29, 2009

FedEx Corp. will attempt to get 30 percent of its fuel from petroleum alternatives by 2030 to slash the shipping giant's air-transportation costs and greenhouse gas emissions, the company's chairman, president and CEO said today.

Biodiesel derived from jatropha, ethanol from switchgrass, and other "second-generation" biofuels produce less emissions of carbon dioxide and other heat-trapping gases than petroleum, CEO Fred Smith said during a U.S. Chamber of Commerce aviation forum. Moreover, such fossil-fuel alternatives do not rely on edible feedstocks and can be grown on marginal land.

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