Willis Sustainable Fuels (UK) restricted authorised for Development of Sustainable Aviation Gas (“SAF”) Refinery at Teesworks, UK.
Willis Sustainable Fuels (UK) Restricted, the wholly-owned subsidiary of Willis Lease Finance Company (NASDAQ: WLFC) (“WLFC”), a number one lessor of economic plane engines and world supplier of aviation providers, introduced that the Redcar and Cleveland Borough Council has authorised the plans for its Carbonshift PtL SAF refinery undertaking at Teesworks in Tees Valley, England.
The approval is a essential step within the improvement of the refinery undertaking, which is at the moment estimated to have annual manufacturing capability of fourteen kilotons (roughly 5 million gallons) of power-to-liquid (“PtL”) SAF when it enters into operations.
Lately, the undertaking was awarded a £4.721M grant from the UK Division for Transport (“DfT”) Superior Fuels Fund competitors in help of its dedication to fulfill the rising demand for sustainable aviation options and contribute to a collective effort in the direction of a extra sustainable future for world aviation.
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Austin Willis, CEO of WLFC.
We’re thrilled to have the Reserved Issues Planning Utility authorised, marking a pivotal step in our undertaking and our dedication to contribute to the discount of greenhouse gasoline emissions throughout the UK and world aviation sector.
“We’re poised to dive into motion, collaborating carefully with our companions at Teesworks to bolster the UK’s SAF pipeline.”
Stephanie Sutherland, WLFC’s Director of Company Improvement mentioned:
It’s thrilling to set forth on this groundbreaking undertaking.
“We’re grateful for our companions at Teesworks and the DfT for supporting the superior fuels sector.”
Willis Sustainable Fuels (UK) Restricted’s Carbonshift PtL course of is focused to supply SAF that may be seamlessly blended with standard jet gas for speedy use with current business plane engines.
Aligned with the UK authorities’s said imaginative and prescient, this SAF undertaking could be integral in actualizing the UK’s goal of getting a minimal of 5 commercial-scale SAF vegetation beneath development by 2025. Moreover, it straight bolsters the worldwide aviation group’s formidable pursuit of attaining net-zero emissions by 2050.
For extra info, please go to www.willissustainablefuels.com.
Willis Lease Finance Company
Willis Lease Finance Company (“WLFC”) leases massive and regional spare business plane engines, auxiliary energy items and plane to airways, plane engine producers and upkeep, restore, and overhaul suppliers worldwide.
These leasing actions are built-in with engine and plane buying and selling, engine lease swimming pools and asset administration providers by Willis Asset Administration Restricted, in addition to numerous end-of-life options for engines and aviation supplies offered by Willis Aeronautical Providers, Inc.
Moreover, by Willis Engine Restore Heart®, Jet Centre by Willis, and Willis Aviation Providers Restricted, the corporate’s service choices embody Half 145 engine upkeep, plane line and base upkeep, plane disassembly, parking and storage, airport FBO and floor and cargo dealing with providers.
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Willis Sustainable Fuels (UK) Restricted Authorized for Development of Sustainable Aviation Gas (“SAF”) Refinery at Teesworks, UK, COCONUT CREEK, Fla., March 05, 2024
