Shell, IAG, Velocys invest in factory to convert waste to jet fuel

Europe’s first proposed commercial plant that converts waste to jet fuel is set to come into operation in 2024. Altalto Immingham, a joint venture between Royal Dutch Shell, IAG, and Velocys, said Tuesday that it has submitted a planning application to start construction on the factory near Immingham, England in 2021. Using technology from green-fuels maker Velocys, the plant will take in more than half a million metric tons of nonrecyclable “everyday” household and commercial waste a year, converting it into fuel that offers a 70% reduction in net greenhouse gas emissions over fossil fuels, Altalto said. British Airways said it would use fuel from the proposed plant as part of industry targets to halve carbon-emissions by 2050, from 2005 levels. <br/>