A Bristol law firm has been appointed to advise aviation fuel producer Firefly Green Fuels on the £5m equity investment from Wizz Air.
Burges Salmon will advise the Bristol-headquartered fuel producer on Wizz Air's first equity investment in sustainable aviation fuel (SAF) research and development, which was announced last month. The partnership with Firefly will allow the airline to supply SAF to its UK operations from 2028, up to 525,000 tonnes over 15 years. The agreement has the potential to save 1.5m tonnes of CO2-eq.
Firefly specialises in a process, which converts sewage sludge, a low-value waste product available in large quantities, into SAF. Firefly’s SAF, which will be independently certified against the leading sustainability standard RSB, is projected to deliver a 90% reduction in greenhouse gas emissions compared to fossil jet fuel on a life cycle basis.
