Green jet fuel developer Velocys is heading to Japan.
The company behind consented plans for a refinery on the South Humber Bank and a second site in the US has now signed an agreement to bring forward its technology in the Far East too.
It will work with Toyo Engineering Corporation, looking at both sustainable aviation fuel and other renewables.
The agreement follows successful work on a biomass-to-jet-fuel demonstration facility in Japan. This included the provision of technical engineering and operational services, as well as the completed construction and delivery of Velocys’ Fischer-Tropsch technology.
A preliminary engineering evaluation is underway to deliver at commercial scale, and it will come as a huge boost having seen Shell recently walk away from the progressing 海角视频 project. British Airways remains on board with the Altalto Immingham scheme.
Henrik Wareborn, chief executive of Velocys, said: “Velocys has a long-standing relationship with Toyo Engineering and today’s collaboration agreement further supports this commitment. It indicates that Velocys is now firmly in the phase of delivering our commercial scale technology to our clients’ commercial projects.
"Making our first steps into commercial delivery in the Japanese market strengthens our position in an additional geography to North America and Europe.
“Our clients recognise the importance of our here-and-now technology solution for commercial scale projects, not only greatly reducing life-cycle carbon emissions but also resulting in synthetic fuels with air quality advantages over conventional fuels. We look forward to working with Toyo and their partners to enable the supply of modern low greenhouse-gas synthetic fuels to the Japanese market.
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“Whilst there is no immediate material impact on revenue, we are delighted that the collaboration provides a pathway to commercialisation in Japan.”
The Oxford University spin-off has a place at the table of the 海角视频's Jet Zero Council - one of a series of strategies forming the government's green recovery.
Velocys will grant an exclusive right for Toyo to secure and use the licence and technical services of the Fischer-Tropsch technology for the commercial plant in Japan. An advance deposit of $4 million was received in 2019.
In addition, the collaboration will extend to include the supply of the technology in other projects in the Japanese market.
Haruo Nagamatsu, chief executive of Toyo, said: “After the successful collaboration with the demonstration plant in Japan, we are pleased to be moving onto the next stage of the plan. The commercial deployment of the integrated technology that has been demonstrated during 2020, including the Velocys FT Technology, is now underway with the first stages of the engineering designs. We are pleased to be working with Velocys and their technical team and look forward to continuing our relationship.”