That changed on Thursday, when the International Civil Aviation Organization (ICAO), the UN agency charged with coordinating aviation regulation, including environmental impact, agreed to freeze
net aviation emissions at 2020 levels beginning in 2021, and to force airlines to offset emissions above that threshold.
With an ultimate feedstock capacity of one million barrels a day and «near
net zero»
emissions, the refinery would produce high - margin products such as kerosene and
aviation fuel for the Asian market.