Sustainable fuels technology company Velocys has extended its agreements with British Airways over plans for a green jet fuel refinery on the South Humber Bank.
The Oxford University spin-out and the national flag carrier have signed up to further the joint development proposal for the £350 million consented Altalto Immingham project, as well as an option agreement for BA to buy 50 per cent of it.
It is a second extension involving the Stallingborough site as key policy moves on sustainable aviation fuel are awaited, having originally signed in May 2020, extending in March 2021.
