Is SAF ready to take-off this year?
He said: “Over the last year, significant progress was made by both industry and government, including a major project milestone for Altalto, Europe’s first wasteto- jet-fuel facility being developed by Velocys and our co-investor British Airways.
“In May 2020, Altalto obtained planning permission for our site near Immingham, located on the banks of the Humber in North East Lincolnshire. We aim to complete the front end engineering design (FEED) stage and are targeting financial close in 2022, subject to funding.
“This would mean the plant could be producing SAF from municipal solid waste at industrial scale from 2025 – enough to power over 1,000 flights from London to New York each year.
“As hosts of the COP26 UN climate summit taking place in November, the UK has a unique platform and a once in a generation opportunity to demonstrate global leadership on tackling aviation emissions – one of the hardest to decarbonise sectors and one that is uniquely global in nature.
“We can do this by...