Partnership formed, including Velocys, British Airways and Suez to prepare the business case for a waste to renewable jet fuel plant in the UK.
ABINGDON, UK: Velocys plc, a renewable fuels company has entered into a partnership to prepare the business case for a commercial scale waste-to-renewable-jet-fuel plant in the UK.
Velocys will lead this initial feasibility stage of the project, for which all members of the partnership are providing funding.
The members include:
- British Airways, UK’s largest international airline, which intends to fly with the jet fuel made in the plant
- Suez, a world-leading expert in recycling and waste management, which intends to provide technical and operational expertise and manage the supply of feedstock to the project
- Norma, an affiliate of Ervington Investments, Velocys’ largest investor, which is a potential investor in the project
- Velocys, which intends to supply its technology to the plant and provide project management, engineering, operations and technical service support to the project going forward.
The plant would take hundreds of thousands of tonnes per year of post-recycled waste, destined for landfill or incineration, and convert it into clean-burning, sustainable fuels. The jet fuel produced is expected to deliver over 60 percent greenhouse gas reduction and 90 percent reduction in particulate matter emissions compared to conventional jet fuel, thereby contributing to both carbon emissions reductions and local air quality improvements around major airports.
“We are very pleased to be working with world-class partners to help execute the vision of a repeatable series of plants, offering a commercially attractive route to a highly desirable product for an industry that now demands significant greenhouse gas reduction solutions. This opportunity leverages further our technology, integrated plant design and skills base, and is consistent with our renewable fuels strategy of delivering integrated plant solutions, in collaboration with partners, to fulfil a real market need,” said David Pummell, CEO of Velocys.
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