In Texas, renewable fuels company Velocys secured £4.9 million ($6.4 million) of funding 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 (DfT) under the Future Fuels for Flight and Freight Competition (F4C). The project is being developed with the financial and technical support of Shell and British Airways.
The team is developing the engineering and business case for the construction of a first plant in the UK. 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. The project partners expect to reach a final investment decision in the first half of 2020.