A US construction giant will deliver a green jet fuel plant in the Humber – valued at £350 million.
by Rory Butler / January 26, 2023
Bechtel is starting Front-End Engineering and Design (FEED) of the Altalto Project in Immingham, following £27 million grant funding from the UK Government.
Altalto is a commercial refinery for Sustainable Aviation Fuel (SAF).
The scheme is a joint venture (JV) between sustainable fuels technology company Velocys (Oxford Catalysts Group) and British Airways.
Altalto is expected to be Europe’s first commercial scale waste-to-jet-fuel facility, said Velocys.
Bechtel and Velocys have agreed to collaborate on an engineering, procurement and construction (EPC) execution model for sustainable fuels projects, with Bechtel providing front-end engineering and technical services.
Altalto and a sister scheme in the US called Bayou Fuels are the firm’s first priorities.
Finance
- Panmure Gordon
- Shore Capital
- Radnor Capital Partners
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