Red Rock Biofuels LLC, a Fort Collins biomass-to-fuel manufacturer, has landed a subsidiary of FedEx Corp. as its second customer, following a deal inked with Southwest Airlines Co. last year.
The deal with FedEx Express, a subsidiary of FedEx (NYSE: FDX), calls for Red Rock to supply the international shipper with about 3 million gallons of its low-carbon, renewable jet fuel for eight years. Deliveries are expected to start in 2017 and the agreement runs through 2024, Red Rock said.
It’s the…
Red Rock Biofuels LLC, a Fort Collins biomass-to-fuel manufacturer, has landed a subsidiary of FedEx Corp. as its second customer, following a deal inked with Southwest Airlines Co. last year.
The deal with FedEx Express, a subsidiary of FedEx (NYSE: FDX), calls for Red Rock to supply the international shipper with about 3 million gallons of its low-carbon, renewable jet fuel for eight years. Deliveries are expected to start in 2017 and the agreement runs through 2024, Red Rock said.
It’s the…