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In December 2022, Velocys was awarded a grant of £2.5 million from the UK Department for Transport’s Advanced Fuels Fund to contribute its technology to an e-fuels project in the UK.

These are fuels produced using renewable electricity rather than vegetable oils or waste. The £ 2.5 million grant awarded to Velocys will be used in conjunction with the e-fuels project’s partners to conduct feasibility, technical validation, site selection and pre-FEED engineering for such a project, to make SAF from carbon dioxide and hydrogen, in the UK. The E-Fuels Project will be managed by Velocys, partners include Clariant Catalysts, Technip Energies and British Airways.