Velocys gives outlook for biofuels industry in 2021
1 Mar 2021
Opportunities and challenges for the year ahead are discussed in Biofuels International.
Velocys is among a handful of key industry figures to give its take on the year ahead in the latest edition of leading industry publication, Biofuels International.
Velocys’ CEO, Henrik Wareborn, makes clear that 2021 will be a crucial year in the development of the UK’s Sustainable Aviation Fuels (SAF) industry, particularly in the context of COP26. He argues that “as hosts of the COP26 UN climate summit taking place in November, the UK has a unique platform and once-in-a-generation opportunity to demonstrate global leadership on tackling aviation emissions.”
Pointing to the progress that was made during 2020 with planning permission granted for the Altalto Immingham plant and the formation of the Jet Zero Council, 2021 is the time, he says, to “bring forward the necessary policy to match the ambition shown in 2020”.
This includes establishing certainty on the price that SAF producers can obtain for delivering the benefit of avoided carbon emissions, along with measures to ensure the long term market for the fuels.
Henrik Wareborn concludes, “This is the year for governments across the globe to take action and we look forward to the role the UK can play in spearheading this international movement.”