logo
menu

Velocys backs call for more investment in sustainable aviation technology

The Chancellor  is being urged to make more investment
The Chancellor is being urged to make more investment
Velocys has welcomed the publication of a letter to the UK Chancellor from a cross-party group of MPs, calling for the Government to enhance investment in aviation decarbonisation.
The letter stated the importance of synthetic fuels as the realistic practical solution to lower carbon emissions and meet net zero targets.
The letter, sponsored by Conservative MP Sir Graham Brady and Labour MP Catherine McKinnell and backed by parliamentarians from the Conservative, Labour, SNP and Lib Dem benches, calls for Government to provide £500m in industry-matched funding for early stage sustainable aviation fuel facilities.
It also called for increased funding for R&D into new cleaner aircraft and accelerate the modernisation of UK airspace.
Velocys’ planned UK facility, Altalto, was referenced as an example of a flagship project that could benefit from such investment.
Local MP, Martin Vickers, was quoted in the article as saying “with Velocys’ planned waste-to-jet fuel facility in my Cleethorpes constituency, having recently received planning permission, the area could become known for developing and exporting green aviation technology”.
In May, Velocys revealed that planning permission has been given to Altalto Immingham - the UK’s first commercial waste-to-jet-fuel plant.
North East Lincolnshire Council has given the green light to the sustainable fuels technology company and a formal decision notice will then be issued subject to the completion of standard legal agreements with the council.
The proposed Altalto Immingham plant is to convert hundreds of thousands of tonnes per year of non-recyclable everyday household and commercial waste, otherwise destined for landfill or incineration, into cleaner burning sustainable aviation fuel.
The project is a collaboration between Velocys, British Airways PLC and Shell. It is expected to create 130 jobs and many more during construction.
The Chancellor is being urged to make more investment