Willis Sustainable Fuels (UK) limited approved for Construction of Sustainable Aviation Fuel (“SAF”) Refinery at Teesworks, UK.
Willis Sustainable Fuels (UK) Limited, the wholly-owned subsidiary of Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), a leading lessor of commercial aircraft engines and global provider of aviation services, announced that the Redcar and Cleveland Borough Council has approved the plans for its Carbonshift PtL SAF refinery project at Teesworks in Tees Valley, England.
The approval is a critical step in the development of the refinery project, which is currently estimated to have annual production capacity of fourteen kilotons (approximately five million gallons) of power-to-liquid (“PtL”) SAF when it enters into operations.
Recently, the project was awarded a £4.721M grant from the UK Department for Transport (“DfT”) Advanced Fuels Fund competition in support of its commitment to meet the growing demand for sustainable aviation solutions and contribute to a collective effort towards a more sustainable future for global aviation.
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Austin Willis, CEO of WLFC.
We’re thrilled to have the Reserved Matters Planning Application approved, marking a pivotal step in our project and our commitment to contribute to the reduction of greenhouse gas emissions within the UK and global aviation sector.
“We’re poised to dive into action, collaborating closely with our partners at Teesworks to bolster the UK’s SAF pipeline.”
Stephanie Sutherland, WLFC’s Director of Corporate Development said:
It is exciting to set forth on this groundbreaking project.
“We are grateful for our partners at Teesworks and the DfT for supporting the advanced fuels sector.”
Willis Sustainable Fuels (UK) Limited’s Carbonshift PtL process is targeted to produce SAF that can be seamlessly blended with conventional jet fuel for immediate use with existing commercial aircraft engines.
Aligned with the UK government’s stated vision, this SAF project would be integral in actualizing the UK’s target of having a minimum of five commercial-scale SAF plants under construction by 2025. Furthermore, it directly bolsters the international aviation community’s ambitious pursuit of achieving net-zero emissions by 2050.
For more information, please visit www.willissustainablefuels.com.
Willis Lease Finance Corporation
Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide.
These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc.
Additionally, through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.
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Willis Sustainable Fuels (UK) Limited Approved for Construction of Sustainable Aviation Fuel (“SAF”) Refinery at Teesworks, UK, COCONUT CREEK, Fla., March 05, 2024
