Friday, September 25, 2020

Fresh funding boost for Lincs waste-to-fuels project

Velocys plc, the sustainable fuels technology company, has secured a further £0.5m of grant funding for the Altalto waste-to-fuels project from the Department for Transport (DfT), under the Future Fuels for Flight and Freight Competition (F4C).

The proposed Altalto Immingham plant is planned to convert hundreds of thousands of tonnes per year of residual waste into sustainable fuels, mainly aviation fuel.

Velocys was awarded a grant of £0.4m in Stage One of the F4C in 2018, and was shortlisted to receive an award in Stage Two. The DfT has now made £0.5m of the Stage Two grant available to Velocys. Velocys is one of the two remaining companies expected to receive the balance of funding in Stage Two, subject to completion of future project milestones.

Henrik Wareborn, Velocys CEO, said: “We are very pleased to have the continued support of the Department for Transport for this project.

“The Altalto project is a key step towards a substantial supply of Sustainable Aviation Fuel in the UK, which is essential for meeting net zero carbon targets.

“This grant, particularly at the present time, underlines the importance of our project to the Government’s plans for a green recovery.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £27.55 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Advertisment








Latest posts

Lincs businesses encouraged to access toolkit to ensure COVID compliance

Lincolnshire businesses are being encouraged to access a toolkit with all the information and guidance required to ensure they are COVID compliant. Put together by...

Hangar refurbished to create simulator facility at RAF Waddington

Henry Brothers Midlands has completed the refurbishment of a hangar at RAF Waddington to convert it into a joint training facility, on behalf of...

Charity CEO calls for support for young people’s mental health amidst pandemic

Emma Egging, CEO of Jon Egging Trust (JET), is calling for more support for young people as they navigate the unprecedented times of the...

Pubs and restaurants restricted to 10pm closing time under new rules

Pubs, bars and restaurants in England will be required to close from 10pm from Thursday under new rules to combat the rise of coronavirus. The...

Social housing provider buys Lincolnshire training company

Lincolnshire-based training company Riverside Training has been acquired by social housing provider Acis Group. Acis Group, which owns and manages more than 7,000 homes across...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close