Government grant funding of up to £2.4m has been secured to help bring forward the Altalto project in Immingham, which is aiming to develop a new facility for the conversion of waste into aviation fuel.
The proposed plant, which is being brought forward by a collaboration between Velocys and British Airways, would convert hundreds of thousands of tonnes per year of residual waste into sustainable fuels, mainly aviation fuel. Planning consent was granted in 2020.
The grant from the UK Department for Transport (DfT), under the Green Fuels, Green Skies competition, is up to a maximum of £2.4m, of which £1.2m is subject to progress by the DfT in developing policy support for Sustainable Aviation Fuels (SAF).
The project is ready to proceed to the final stages of engineering prior to construction, subject to policy progress and third party project funding.
Henrik Wareborn, Velocys chief executive, said: “We are very pleased to have this enhanced level of support from the Department for Transport for the Altalto project. The momentum for Sustainable Aviation Fuel (SAF) in the UK and around the world is growing, demonstrated here by the recent consultations on the path to net zero aviation and on a SAF mandate.
“This grant demonstrates that the Altalto project is a key part of…
