You are using an unsupported browser. Please switch to a different browser to get the best experience.
21st May 2021

US makes progress with Sustainable Skies Act

New legislation has been introduced in the United States House of Representatives, intended to drive the production and uptake of sustainable aviation fuel (SAF).

The Sustainable Skies Act brought forward by Congressman Brad Schneider, along with Congressman Dan Kildee and Congresswoman Julia Brownley, establishes a $1.50 – $2.00 per gallon blender’s tax credit for SAF that achieves at least a 50% reduction in lifecycle greenhouse gas emissions compared to conventional jet fuel. The credit will increase from $1.50 per gallon by one cent for each additional percentage of lifecycle greenhouse gas emissions savings demonstrated above 50 percent.

A performance-based tax credit will encourage the production of SAF and help make the low-carbon alternative to conventional jet fuel more cost-competitive, while further incentivising the development and deployment of SAF providing improved emission reductions.

Such legislation will help enable sustainable flight to be realised globally over the coming years and will drive commercialisation of SAF technology. Our planned Bayou Fuels facility located in Mississippi is set to produce negative-emission transportation fuels. We welcome the positive policy platforms and regulatory environment that has been created which should help the United States to become a leading sustainable fuels nation.

Latest News

12 February 2024

Velocys secures US$40MM of growth capital and begins new chapter as a private sustainable aviation fuel technology company

23 October 2023

Launch of 52,500 sq ft state-of-the-art technology facility

21 September 2023

Interim results for the six months ended 30 June 2023