Velocys’ Dr Neville Hargreaves has given an update on the status of the Altalto project during an interview with Andy Comfort on BBC Radio Humberside.
Dr Hargreaves spoke of the strong partnership between Velocys and co-investor British Airways, along with the significant support for sustainable aviation fuels (SAF) amongst the wider aviation sector. From airports and engine manufacturers to aircraft manufacturers and airlines, there is recognition that “the whole industry needs to make this transformation.”
There was also discussion of the attractive investment potential presented by SAF, on which Dr Hargreaves noted, “This is a very attractive space for investors, it’s so aligned with the transition to low carbon energy – portfolios need projects like this in order to deliver what investors want”.
Dr Hargreaves concluded by saying that this year’s COP26 climate summit should provide further impetus for the Government to support the development of the UK’s domestic SAF industry.
BBC Radio Humberside interview (BBC Sounds):
18 May 2023
10 May 2023
31 March 2023