In the UK, International Airlines Group (IAG), the parent company of Aer Lingus, British Airways, Iberia, Vueling and LEVEL, has announced an investment into UK-based firm Nova Pangaea Technologies (NPT).
NPT’s technology converts agricultural waste and wood residue feedstocks into second-generation bioethanol, which can then be processed into SAF, IAG said.
IAG’s investment will progress the development of ‘NOVAONE’, NPT’s first waste-to-fuel commercial-scale production facility. The project is in addition to IAG’s investment program in SAF, which at the end of 2022 amounted to $865 million in firm commitments on SAF purchases and investments.
“At IAG, we have set a goal to use 10% SAF by 2030. And we are not just buying SAF, we are willing to invest in developing the industry, but we need governments in the UK and Europe to act now to encourage further investment,” said Luis Gallego, CEO of IAG.
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