Sustainable fuels technology company, Velocys, has welcomed a report from the World Economic Forum in collaboration with McKinsey & Company showing sustainable aviation fuels (SAF) as being the most promising decarbonisation pathway for the aviation industry.
“McKinsey’s new report demonstrates there is a clear path for aviation to cut its emissions significantly through the use of SAF,” confirms Henrik Wareborn, CEO of Velocys.
Titled Sustainable Aviation Fuels as a Pathway to Net-Zero Aviation, the report highlights that with no airport infrastructure or existing aircraft changes needed as well as enough sustainable feedstock to fuel this shift, a transition to SAF is within reach.
Adding that Velocys is at the forefront of this movement, Wareborn said: “Altalto, our planned facility in North East Lincolnshire, will be the first waste-to-jet-fuel facility of its kind in the UK, taking hundreds of thousands of tonnes of waster per year, which would otherwise have gone to landfill or incineration to produce SAF that considerably reduces both greenhouse gas emissions and exhaust pollutants from commercial aviation.”
The SAF produced by Velocys at its new facility will cut lifecycle emissions by 70% with the potential to reach more than 100% with CCUS added to the process.
“The McKinsey report confirms that there is ample solid waste feedstock available at a global level to supply projects like ours, and shows that aviation can be provided with enough SAF to meet long-term decarbonisation goals without the use of food crops and without causing land use change,” concluded Wareborn.