Velocys has welcomed the publication of a letter to the Chancellor from a cross-party group of MPs, calling for the Government to enhance investment in aviation decarbonisation, whilst recognising synthetic fuels as the realistic practical solution to lower carbon emissions and meet net zero targets.
The letter, sponsored by Conservative MP Sir Graham Brady and Labour MP Catherine McKinnell and backed by parliamentarians from the Conservative, Labour, SNP, and Lib Dem benches, calls for Government to provide £500m in industry-matched funding for early stage sustainable aviation fuel facilities, increase funding for R&D of new cleaner aircraft, and accelerate the modernisation on UK airspace.
Reported in The Daily Telegraph, Velocys’ planned UK facility, Altalto, was referenced as an example of a flagship project that could benefit from such investment. Local MP, Martin Vickers, was quoted in the article as saying “with Velocys’ planned waste-to-jet fuel facility in my Cleethorpes constituency, having recently received planning permission, the area could become known for developing and exporting green aviation technology.”
23 October 2023
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