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Willis Sustainable Fuels (UK) restricted permitted 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 companies, introduced that the Redcar and Cleveland Borough Council has permitted the plans for its Carbonshift PtL SAF refinery challenge at Teesworks in Tees Valley, England.
The approval is a crucial step within the growth of the refinery challenge, which is presently 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 challenge 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 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 Software permitted, marking a pivotal step in our challenge and our dedication to contribute to the discount of greenhouse fuel emissions inside the UK and world aviation sector.
“We’re poised to dive into motion, collaborating intently with our companions at Teesworks to bolster the UK’s SAF pipeline.”
Stephanie Sutherland, WLFC’s Director of Company Growth stated:
It’s thrilling to set forth on this groundbreaking challenge.
“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 provide SAF that may be seamlessly blended with standard jet gas for quick use with present business plane engines.
Aligned with the UK authorities’s said imaginative and prescient, this SAF challenge can be integral in actualizing the UK’s goal of getting a minimal of 5 commercial-scale SAF vegetation beneath building by 2025. Moreover, it immediately bolsters the worldwide aviation group’s bold 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 giant and regional spare business plane engines, auxiliary energy models 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 companies via Willis Asset Administration Restricted, in addition to varied end-of-life options for engines and aviation supplies supplied via Willis Aeronautical Providers, Inc.
Moreover, via 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 companies.
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Willis Sustainable Fuels (UK) Restricted Accredited for Development of Sustainable Aviation Gas (“SAF”) Refinery at Teesworks, UK, COCONUT CREEK, Fla., March 05, 2024