Aviation biofuel to significantly cut carbon emissions .....

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Sinopec’s biofuel could be refined by palm oil and recycled cooking oil, or so called "gutter oil" which is made from discarded animal parts and vegetable grease.

Analysts say the aviation biofuel will reduce carbon emissions by as much as 92 percent compared with traditional jet fuels such as aviation kerosene. 

Aviation fuel consumption in China has recently maintained a steady growth rate of 13 percent annually, much higher than the global growth rate.