The South Humber Bank’s emerging central role in cleaning up aviation has been highlighted as funding of the proposed green jet fuel plant at Stallingborough was officially confirmed.
Velocys secured £27 million to support the development of the consented Altalto refinery, as first reported last week. It is a £350 million scalable plant that will create more than 100 jobs, with many more in construction.
One of five proposals sharing £165 million from the Advanced Fuels Fund, the AIM-listed technology company is also at early development stage on a project looking at carbon capture and hydrogen feedstocks - with the Humber a potential location for that too with an emerging pipeline network for both. It also benefited with a £2.5 million grant, along with substantial awards for plants in Port Talbot, Teesside and Ellesmere Port.
