The UK’s largest bank, HSBC, has joined a project between Virgin Atlantic and New Zealand-originating research company LanzaTech to develop a new, low-carbon fuel. LanzaTech is working on a process that captures and ferments waste gases from industrial steel production, then chemically converts them into jet fuel. LanzaTech and Virgin Atlantic have been working for three years on the fuel’s development, but HSBC’s support—along with Boeing and other technical ...

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