Taking off: Velocys, Shell, British Airways, UK Government, New Energy Risk, Red Rock Biofuels, TCG Global, PQ, and Advanced Plasma Power Figure in Key Renewable Jet Fuel Project Advances

Aviation Fuel (Sustainable Aviation Fuel (SAF)), BioRefineries/Renewable Fuel Production, Biorefinery/Fuel Production Infrastructure, Business News/Analysis, Feedstocks, Forestry/Wood/Residues/Waste, Funding/Financing/Investing, grants, Green Jobs, Infrastructure, Not Agriculture, Opinions, Policy, Process, R & D Focus, Sustainability, UK (United Kingdom)

June 21, 2018

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by Jim Lane (Biofuels Digest) New Energy Risk’s new performance insurance for TCG Global’s gasifiers and a significant project advance from Velocys in the UK are on the docket today.

These companies and the news this morning are united as key project components in the Red Rock Biofuels project which breaks ground in Lakeview, Oregon next month, aiming to supply 15 million gallons per year of renewable jet fuel to FedEx, Southwest Airlines and potentially the US Navy, made from waste woody biomass. TCG supplies the gasifier system and Velocys microchannel FT technology is converting that syngas to fuels.

Let’s look at the news.

New Energy Risk Develops Performance Insurance For TCG Global and Red Rock project

In California, New Energy Risk has created an insurance product for TCG Global that will cover TCG Global’s high-efficiency gasifier as it is field-tested and installed, beginning with the Red Rock Biofuels’ Lakeview, Oregon plant.

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Velocys secures £4.9M for next stage of UK waste-to-jet fuel project from Shell, BA, UK gov’t

In the UK, Velocys has secured funding to deliver the next development phase of the waste-to-sustainable jet fuel project that the company is developing in the UK. A grant of £434k has been secured from the Department for Transport under the Future Fuels for Flight and Freight Competition. The award of this grant, together with ongoing policy support provided by the Renewable Transport Fuel Obligation, will help this innovative waste-to-fuels project bring jobs and clean growth to the UK. The project is being developed with the financial and technical support of Shell and British Airways, and £4.5m has been committed by the industry partners including Velocys.

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In a boost to the long term commercial viability of the project, changes to the Renewable Transport Fuels Obligation came into force on the 15 April 2018. For the first time, renewable jet fuel is to qualify for credits under the RTFO, providing long term policy support for sustainable aviation fuels.

Velocys, PQ Corporation Partner on catalyst supply

Meanwhile, Velocys has partnered with PQ Corporation for the supply of commercial quantities of Velocys’ proprietary catalyst to be used in multiple biorefineries incorporating its technology. PQ is a leading global provider of specialty catalysts, services, materials and chemicals for the refinery, emissions control and petrochemical industries. READ MORE

Development funding secured for next stage of UK project (Velocys)

British Airways waste-to-fuels project with Velocys secures £4.9m funding including a UK government grant (GreenAir Online)

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