Velocys CEO Henrik Wareborn has been interviewed by S&P Global Platts, providing an update on the Altalto project and commenting on the future of the UK market for sustainable aviation fuels (SAF).
In the article “Velocys sees UK green policies kick-starting commercial SAF project”, Henrik Wareborn made clear the need for policy support if the UK is to become a world leading SAF hub.
“Britain has to compete with the US and other countries for inbound investment and technology to build a domestic SAF industry,” he said, but noted that the UK government was acutely aware of the importance of keeping pace with international developments in SAF.
He discussed the benefits of producing fuel from municipal solid waste. Not only is the feedstock abundant, but avoiding landfill or incineration results in a negative cost. Velocys would not be competing for feedstocks such as vegetable oil which have been subject to price spikes in recent months.
Commenting on increasing market interest in SAF, he said, “The independent refiners, who are not encumbered with huge upstream crude oil assets, are now falling over themselves to see how they can integrate our technology into their processes, so they can reduce use of crude oil and increase processing of waste feedstocks instead”.
Velocys has a growing and diverse portfolio of international client projects and licensing agreements from the USA to Japan and Henrik Wareborn believes the production of SAF has a bright future in the decarbonisation of aviation.
12 February 2024
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