Following the successful completion of the initial feasibility stage of development, £4.9m of funding has been secured to deliver the next development phase of the waste-to-sustainable jet fuel project that the company is developing in the UK. As part of the funding package a grant of £434k has been secured from the Department for Transport under the Future Fuels for Flight and Freight Competition (F4C). The award of this grant, together with ongoing policy support provided by the Renewable Transport Fuel Obligation (RTFO), will help this innovative waste-to-fuels project bring jobs and clean growth to the UK.
The roles of the project partners in the next development stage are as follows:
The next stage will include a detailed pre-FEED (Front End Engineering and Design) engineering study and site permitting activities. It is fully funded by a combination of the F4C grant and £4.5m committed by the industry partners including Velocys. A significant proportion of Velocys’ commitment will be in the form of an in-kind contribution.
Subject to a final investment decision, this plant will take hundreds of thousands of tonnes per year of post-recycled waste, destined for landfill or incineration, and convert it into clean-burning, sustainable fuels. The jet fuel produced, to be used by British Airways, is expected to deliver over 70% greenhouse gas reduction and 90% reduction in particulate matter emissions compared with conventional jet fuel. This would contribute to both carbon emissions reductions and local air quality improvements around major airports. The project partners expect to reach a final investment decision in the first half of 2020.
Velocys believes that there is the opportunity to develop a series of waste-to-jet fuel plants in the UK. The recent changes to the RTFO provide the required commercial platform for this opportunity; for the first time, jet fuel is to qualify for credits under the RTFO. These changes to the RTFO are designed to promote sustainable aviation and heavy goods transport and provide long term policy support for this market.
We believe that the RTFO changes will allow the UK to become a world leader in sustainable jet fuel. We are very pleased to be working with world class partners to help execute the vision of a repeatable series of plants, offering a commercially attractive route to a highly desirable product for an industry that now demands significant greenhouse gas reduction solutions. This opportunity leverages further our technology, integrated plant design and skills base, and is consistent with our renewable fuels strategy of delivering integrated plant solutions, in collaboration with partners, to fulfil a real market need.
Project public affairs: Field Consulting. Contact Chris Rumfitt or Lyndsey Drea +44 20 7096 7726
Download a brochure about the project here.