KUALA LUMPUR, Feb 5 -- NetJets has announced it has made a significant investment in WasteFuel, a next generation waste to fuel company that aims to transform landfill waste into sustainable aviation fuel (SAF).
This makes it the first private aviation company to buy a stake in the production of sustainable aviation fuel and NetJets will also purchase a minimum of 100 million gallons of WasteFuel’s SAF over the next 10 years.
According to a statement, NetJets and WasteFuel are in the early phases of developing a plant in Manila, the Philippines, slated to be operational in 2025, in partnership with leading infrastructure developer Prime Infra.
The fuel is anticipated to be imported into Los Angeles and distributed across the NetJets operations network.
“The biorefinery tackles the dual environmental problems of the global waste crisis and sustainable fuel; and we’re excited to take this step toward improving accessibility to SAF in the aviation industry,” said Executive Vice-President of Administrative Services, Brad Ferrell.
At full capacity, the biorefinery will convert one million tons of municipal waste into 30 million gallons of SAF annually.
Looking beyond Manila, NetJets and WasteFuel also have plans to develop four more biorefineries in the coming years.
This partnership comes on the tails of the launch of NetJets’ expanded Global Sustainability Program in October 2020, which prioritised a commitment to sustainable fuel, corporate responsibility and consumer participation.
-- BERNAMA
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