A key figure behind a consented green jet fuel refinery set to touch down on the Humber Bank has welcomed a £15 million funding pot for sustainable aviation fuels.
Velocys is looking to invest £350 million in a plant, having gained planning permission for the huge project at Stallingborough.
It is backed by British Airways, and has used the launch to highlight further policy support it seeks.
Andrew Morris, chief financial officer, flagged the new pot, which will be open to bids.
He said: “The launch of the Green Fuels, Green Skies competition is another positive signal that the government wants to invest in the sustainable aviation fuel industry in the 海角视频.
“As Velocys continues to develop plans for the 海角视频’s most advanced SAF facility, we welcome this move to accelerate projects like ours and to build the British SAF industry as part of a green recovery.
“Building such an industry also requires policy changes, notably the introduction of a robust revenue support mechanism for SAF production facilities. In the year we host COP26, such action and support will show the 海角视频 as a world leader and demonstrate how serious we are about Jet Zero.”
Launched by the Department for Transport, the funding will be released in the coming financial year, and specifically looks to support front end engineering design and feasibility study stages of a project’s development life cycle.
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Launch documents state it will have “a key focus on supporting activities related to the development of first-of-a-kind commercial SAF plants in the 海角视频, but will also be open to demonstration scale SAF projects and will allocate up to £2 million in funding for projects at the feasibility stage of development across these scales”.
Applications will be open until May 31, with Ricardo Energy & Environment and E4tech administering and managing.
It comes as Velocys, an Oxford University spin-out fused with an allied US tech company, moves on from the loss of oil major Shell as a partner, as it concentrates on its own technology in Germany.
The Humber is also awaiting news on a large-scale carbon capture and storage competition with two bids in the running - with what is know as Altalto Immingham primed to plug in.
Hopes are high they will be secured, with positive noises from the Secretary of State for Business, Energy and Industrial Strategy, when he announced the £75 million Able Marine Energy Park investment last week.