The technology company behind a planned jet fuel refinery on the South Humber Bank has welcomed government proposals on supporting and financing the development of the industry.
Velocys chief executive Henrik Wareborn said a consultation paper issued as part of a raft of environmental and energy measures on a Westminster day of action will help support the realisation of its £350 million Altalto Immingham facility. It is described as building on the recent grant awards, with the company netting £27 million for the project it has partnered with British Airways on.
Hydrogen wins were also revealed as the Humber came to terms with missing out on initial Track One inclusion for carbon capture and storage, an industrial Net Zero solution it had hoped to lead the world on.
