BA and Velocys planning to produce aviation fuels in Immingham

ba-and-velocys-planning-to-produce-aviation-fuels-in-immingham

BA and Velocys planning to produce aviation fuels in Immingham

BA and Velocys planning to produce aviation fuels in Immingham
2022-04-22 13:38:00
Velocys, a company keen to produce alternative aviation fuels, has extended its agreements with British Airways over plans for a fuel refinery on the South Humber Bank.  Velocys and BA have signed up to further the joint development proposal for the £350 million Altalto Immingham project, as well as an option agreement for BA to buy 50% of it.  Velocys has also entered into a contract with an un-named European renewable fuels developer to provide initial engineering services. The aim is to use “sustainable residues” (not adequately defined) into lower carbon fuels, using the energy intensive Fischer Tropsch process. BA says it has just started receiving “sustainable aviation fuel” from the nearby Phillips 66 Humber Refinery.  BA originally, in 2020, joined up with Velocys and Shell, to produce “low carbon” jet fuel in Immingham, but Shell pulled out in January 2021 to develop on its own in Germany.  Velocys is also developing aviation fuels with other companies, in the US.  .Tweet Velocys also brought on board by European renewable fuels developer By David Laister Business Editor (Humber) 19 APR 2022 birminghampost Sustainable fuels technology company Velocys has extended its agreements with British Airways over plans for a green jet fuel refinery on the South Humber Bank. The Oxford University spin-out and the national flag carrier have signed up to further the joint development proposal for the £350 million consented Altalto Immingham project, as well as an option agreement for BA to buy 50 per cent of it. It is a second extension involving the Stallingborough site as key policy moves on sustainable aviation fuel are awaited, having originally signed in May 2020, extending in March 2021. The agreements come as Velocys also enters into a contract with a European renewable fuels developer to provide initial engineering services. It is not disclosing the identity of the company, but the step is described as one that “broadens the company’s customer base and demonstrates the ability to progress its pipeline of potential global customers towards commercial contracts”. BA has just started receiving sustainable aviation fuel from nearby Phillips 66 Humber Refinery, having originally got on board with Velocys alongside Shell, who pulled out in January last year, opting to develop on its own in Germany. Executives have described it as ‘a great opportunity for the Humber’ as it builds on existing refining expertise and the infrastructure being brought forward to help decarbonise heavy industry. https://www.business-live.co.uk/manufacturing/british-airways-velocys-extend-agreements-23725714 Green jet fuel legislation expectations set out by Velocys for UK and US governments Refineries are being developed on both sides of the Atlantic By David Laister  Business Editor (Humber) 4 APR 2022 birminghampost Velocys is moving into its new financial year with a clear focus, detailing the government support it anticipates, as it prepares for mass take off of sustainable aviation. In an update to the City prior to filing its results next month, the sustainable technology company behind plans for a £350 million green jet fuel plant on the South Humber Bank, has spelled out what is thought to be emerging from legislators in both the US and UK. The Oxford University spin-out, fused with a Stateside acquisition, is developing refineries on both sides

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