logo
menu

CBI backs £500m investment in SAF

More funding is being urged
More funding is being urged
The CBI has called for Government action to support the UK aviation sector in the development of sustainable aviation fuels (SAF) as part of a new six-point plan for achieving net zero carbon.
“With an established history in aviation and aerospace technologies,” the business group said: “the UK has a unique opportunity to develop the right policy frameworks to enable the sector to meet its net zero commitments.”
The organisation said the UK has the chance to use its expertise to drive innovation and global leadership through structures like the Jet Zero Council, of which Velocys is a member.
Echoing the requests from industry coalition Sustainable Aviation, of which Velocys is also a member, the CBI called for the creation of an Office for Sustainable Aviation Fuels and £500 million (€545 million) of matched public/private funding over five years.
This will support the establishment of commercial SAF plants in the UK, such as the Altalto waste-to-jet-fuel facility being developed as a first-of-a-kind by Velocys in north-east Lincolnshire.
There is increasing interest in the reduction of transport emissions from the corporate world.
For example, Microsoft founder and philanthropist Bill Gates, in his recent Gates Notes blog on a zero-carbon world, said: “We want more people to be able to travel without contributing to climate change.”
Velocys believes that sustainable aviation fuels have an essential role to play in ensuring people can continue flying while concurrently reducing emissions.
More funding is being urged