Title: Global Companies Invest in Low-Carbon Aircraft Fuel Project

Saudi Aramco and Italian oil company Eni announced today that their investment units have joined American airline United Airlines in investing in the efforts of UK-based startup OXCQ to reduce the high cost of low-carbon aircraft fuel. The British company stated that it can produce fuel by mixing carbon dioxide collected from the industrial sector or power plants with hydrogen made using electricity generated from renewable energy sources. The company's success lies in the use of an iron-based catalyst to carry out this process in a single step, instead of the more expensive two-step process usually required for the chemical reaction. The company noted that simplifying the process in this way saves 50% of capital costs and produces fewer by-products. United Airlines' CEO Michael Leskinen pointed out that this advanced solution could indeed be a cost-effective pathway for the airline to meet its commitment to achieving net zero carbon emissions by 2050 without relying on traditional carbon offsets.