For the project,
Velocys is partnering with British Airways Plc and Shell International Petroleum Company Ltd.
Pending additional funding and financial close, construction is slated to get underway in 2022, for fuel production in 2025. (Source: Velocys, Renewables, 22 May, 2020) Contact: Velocys, Henrik Wareborn, CEO, +44 1235 838 621, (713) 275-5840 -- Houston Office, email@example.com, www.velocys.com
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Customers flying within the UK on flights operated by British Airways will have the carbon emissions from their flights offset by the airline and invested in verified carbon reduction projects such as renewable energy, protection of rainforests and reforestation programmes.
In addition, British Airways' carbon emissions on international flights will be capped at 2020 levels through the United Nations' worldwide carbon pricing scheme called CORSIA, (Carbon Offsetting and Reduction Scheme for International Aviation).
British Airways has committed to achieving net zero carbon emissions by 2050 through a range of initiatives, including offsetting emissions, flying more fuel-efficient aircraft, investing in sustainable aviation fuel and changing operating procedures, as well as working with stakeholders and governments to strengthen global climate policy.
The airline and its parent company, IAG will invest a total of $400 million on alternative sustainable fuel development over the next 20 years. (Source: British Airways, PR, 2 Jan., 2019) Contact: British Airways, www.ba.com
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In its offsetting, British Airways will invest in verified carbon reduction (VCR) projects worldwide, including renewable energy, rainforest protection and reforestation programmes.
(Source: British Airways, Business Traveler, Oct., 2019) Contact: British Airways, www.ba.com
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Velocys is leading the project and is supplying the central processing unit -- micro-Channel Fischer-Tropsch reactors with the proprietary Velocys Actocat catalyst.
The plant would process more than 500,000 tpy of non-recyclable household and commercial solid waste destined for landfill or incineration into more than 60 million llpy (15.85 million gpy) of cleaner-burning sustainable jet and road fuel. Velocys' technology will reduce greenhouse gas emissions by 70 pct for every tonne of sustainable jet fuel that replaces a tonne of conventional fossil fuel.
Subject to planning, funding decisions and regulatory approvals, the plant is expected to break ground in 2021 for full production in 2024.
British Airways intends use jet fuel produced at the plant.
(Source: Altalto Immingham, Green Car Congress, 22 Aug., 2019) Contact: Altalto, www.altalto.com; Velocys Plc, David Pummell, CEO, +44 1235 841 700, (713) 275-5840 -- Houston Office, firstname.lastname@example.org, www.velocys.com
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The proceeds will be used for front-end engineering design of Velocys' Mississippi biorefinery, to build on intellectual property, and to test catalyst and Fischer-Tropsch reactors. (Source: Velocys, Alliance News, 15 July, 2019) Contact: Velocys Plc, David Pummell, CEO, +44 1235 841 700, (713) 275-5840 -- Houston Office, email@example.com, www.velocys.com
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The Challenge winning team will receive £25,000 ($31,000) to support further research and a commitment from British Airways to work together to advance the idea. Nominations will be judged by a panel of industry experts based on the potential carbon reduction, innovation, value to the U.K. economy and feasibility of the idea.
As an early proponent of renewable jet fuels, IAG -- BA's parent company -- has committed to invest as much as $400 million on alternative sustainable fuel development over the next 20 years -- the highest ever financial commitment from an airline group.
(Source: British Airways, Airline Geeks, 3 Dec., 2018)
Contact: British Airways, www.britishairways.com
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The project is being developed with support from oil giant Royal Dutch Shell and British Airways. The team is developing the engineering and business case for the construction of a first plant in the UK that will convert hundreds of thousands of tpy of post-recycled waste into clean-burning, sustainable fuels to be used by British Airways.
The fuel is expected to deliver over 70 pct greenhouse gas reduction and 90 pct 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. (Source: Velocys, PR, Business Leader, 19 June, 2018) Contact: Velocys Plc, David Pummell, CEO, +44 1235 841 700, (713) 275-5840-- Houston Office, firstname.lastname@example.org, www.velocys.com
More Low-Carbon Energy News Velocys, Waste-to-Fuel, Aviation Biofuel,
BA's previous 2010 waste-to-fuel "GreenSky" initiative with Washington-based Solena Fuels fell apart because of mixed government support, low crude oil prices and other factors. Factors that could lend support to the BA-Velocys initiative include the UK government's addition sustainable jet fuel incentives under its Renewable Transport Fuels Obligation (RTFO), which was updated Sept. 14. Velocys presently produces fuel from waste in Houston, Texas.
(Source: British Airways, Air Transport World, 18 Sept., 2017) Contact: Solena, (202) 682-2405, www.solenagc.com; Velocys, David Pummell, CEO, +44 1235 841 700, (713) 275-5840 - Houston Office, email@example.com, www.velocys.com
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