RE: BA boss steps down9 Jan 2020 15:55
BA Chief Executive Alex Cruz said the UK could lead the world in developing and producing SAF. The airline also provided an update on its project with Velocys to produce renewable jet fuel from municipal waste.
Another positive change has been the arrival of the big oil companies into the sustainable aviation fuels market, he added. “They weren’t there previously and now we’ve seen the BP move with Fulcrum, and Shell has signed up to support the Velocys/BA project. Again, this is important for investors.”
Investment by BA and Shell in the project is “one of the potential outcomes,” he said, “which will become clearer once it reaches financial close and the financial partners are announced.”
https://www.greenaironline.com/news.php?viewStory=2545