Velocys was pleased to attend the second meeting of the Jet Zero Council, the government-industry partnership focused on developing UK capabilities to deliver net zero emission commercial flight. Sustainable Aviation Fuel (SAF) is a key part of this initiative, and plans to support the rapid commercialisation of SAF in the UK were discussed at the meeting.
The meeting coincided with the launch of a new £15m ‘Green Fuels, Green Skies’ competition, aimed at supporting UK companies and projects to create first of a kind SAF facilities like the Altalto waste-to-fuels plant being developed by Velocys and British Airways in North East Lincolnshire.
Responding to the launch of the new competition, which was first announced as part of the Prime Minister’s Ten Point Plan for a Green Industrial Revolution, Andrew Morris, CFO of Velocys, said:
“The launch of the ‘Green Fuels, Green Skies’ competition is another positive signal that the Government wants to invest in the sustainable aviation fuel (SAF) industry in the UK. As Velocys continues to develop plans for the UK’s most advanced SAF facility, we welcome this move to accelerate projects like ours and to build the British SAF industry as part of a green recovery.
“Building such an industry also requires policy changes, notably the introduction of a robust revenue support mechanism for SAF production facilities. In the year we host COP26, such action and support will show the UK as a world leader and demonstrate how serious we are about Jet Zero.”
12 February 2024
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