IAG signs Velocys sustainable fuel deal

IAG has signed an settlement with Velocys, a sustainable fuels know-how firm, to accumulate 220,000 tonnes of sustainable aviation gasoline (SAF) over ten years.

This equates to 1 third of the deliberate output of the brand new Bayou Fuels venture within the United States.

It is scheduled to start supply in 2026.

The SAF might be utilized by IAG airways together with British Airways, Aer Lingus and Iberia.

The know-how used on this venture will seize CO2 from the manufacturing course of to completely take away it from the ambiance.

IAG was the primary European airline group to decide to powering ten per cent of its flights with sustainable aviation gasoline by 2030.

The group will buy a million tonnes of sustainable jet gasoline per yr enabling it to chop its annual emissions by two million tonnes by 2030.

This equates to eradicating a million vehicles from Europe’s roads every year.

Luis Gallego, IAG chief govt, stated: “IAG is investing US$400 million within the growth of sustainable aviation gasoline within the subsequent 20 years.

“This new agreement is another important step towards achieving our goal of ten per cent sustainable aviation fuel use by 2030.”

He added: “Sustainable aviation gasoline is a important ingredient for the decarbonisation of the aviation trade.

“Clear coverage help is required to draw funding to assemble the mandatory vegetation to ship sufficient provide for the airline trade.

“This venture has benefitted from robust coverage help from the US, creating extremely valued inexperienced jobs and financial progress.

“We would encourage the UK and the EU to follow suit in supporting the development and deployment of green technologies including carbon capture.”

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