£4.9m funding secured for UK waste-to-fuel project

Written by: Jo Gallacher | Published:
he jet fuel is expected to deliver over 70% greenhouse gas reduction compared with conventional jet fuel

Renewable fuels company Velocys has secured £4.9m funding to deliver the next phase of its UK waste-to-fuel project.

Project partners British Airways, Velocys and Shell are currently developing the engineering and business case for UK's first waste-to-fuel plant, which would take post-recycled waste destined for landfill and convert into clean-burning sustainable fuels.

They are expected to reach a final investment decision on the UK plant in 2020, which they say will bring more jobs and clean growth to the UK.

Planned to be used by British Airways, the jet fuel is expected to deliver over 70% greenhouse gas reduction and 90% reduction in particulate matter emissions compared with conventional jet fuel.

As part of the funding package, a £434,000 grant has also been secured from the Department for Transport (DfT) under the Future Fuels for Flight and Freight Competition. (F4C).

The next stage of project development includes a detailed pre-FEED (Front End Engineering and Design) engineering study.

Chris Grayling, Transport Secretary, said: “The waste-to-jet fuel project has the potential to help transform the aviation industry by reducing greenhouse gas emissions and improving the air quality around our country’s airports.

“That is why we are providing support to this important technology as part of our £22 million of funding for alternative fuels, which will pave the way for clean growth in the UK.”

Renewable jet fuel can now qualify for credits and policy support under the Renewable Transport Fuels Obligation (RTFO) due to changes earlier this year.


This material is protected by MA Business Ltd copyright.
See Terms and Conditions.

Comments
Name
 
Email
 
Comments
 

Please view our Terms and Conditions before leaving a comment.