Advancing Sustainable Aviation Fuel: Willis Lease's New Journey
Progress of Willis Sustainable Fuels in Aviation Innovations
COCONUT CREEK, Fla. – In an exciting development, Willis Lease Finance Corporation (NASDAQ: WLFC), a leader in the commercial aircraft engine leasing industry, has made significant strides with its subsidiary, Willis Sustainable Fuels (UK) Limited. This announcement marks a crucial advancement in their sustainable aviation fuel (SAF) project, located in the UK.
Innovative Partnerships Driving SAF Development
Willis Sustainable Fuels has entered into collaborative agreements with two global leaders in sustainable technology: Johnson Matthey and Axens. These partnerships will harness cutting-edge technologies to bolster the production of sustainable aviation fuel at their facility, with a targeted launch for commercial operations by early 2028. This production facility is set to produce an impressive 14,000 tonnes annually, which translates to around 50,000 litres per day.
Collaboration for a Sustainable Future
Senior Vice President of Sustainable Aviation & Corporate Development at WLFC, Amy Ruddock, expressed her enthusiasm: "By collaborating with Johnson Matthey and Axens, we will leverage their exceptional technologies to enhance our efforts in SAF production. This partnership is essential in our pursuit of a cleaner, more sustainable aviation sector." This shared vision aims to revolutionize how aviation fuels are produced and consumed globally.
Government Support for Sustainable Initiatives
The project has garnered support from the UK Department for Transport’s Advanced Fuels Fund, emphasizing its commitment to helping the country reach its 2050 net-zero targets. As part of this initiative, the UK government aims to have five commercial-scale SAF plants operational by 2025. Currently, WSF is navigating through the detailed design phase of the project, with McDermott contracted to provide early engineering, procurement, and construction services.
Innovative Technologies Helping the Environment
One of the key technologies being utilized is FT CANS™, developed in collaboration with bp. This technology facilitates the production of sustainable fuels at a commercial scale, promising significant environmental benefits. Johnson Matthey's Managing Director, Alberto Giovanzana, highlighted the importance of this collaboration: "We are excited to work with Willis Sustainable Fuels on a project that will drive significant benefits for the UK and beyond."
The Pathway to Sustainable Aviation Fuel
A key focus of the project is to produce 100% sustainable aviation fuel that can be effortlessly blended with conventional jet fuels. This capability ensures an immediate readiness for use with current commercial aircraft engines. It is estimated that the fuel produced at this facility could yield greenhouse gas emissions savings of around 80% compared to traditional fuels. This advancement is a monumental step toward achieving a more sustainable aviation industry.
Commitment to Aviation's Green Transition
Willis Sustainable Fuels is committed to playing a vital role in the aviation sector's transition towards sustainability. This commitment includes ongoing investments in developing scalable technologies that aim to decarbonize aviation. With a focus on creating environmentally friendly solutions, WSF is determined to make a lasting impact on the industry.
About Willis Lease Finance Corporation
Willis Lease Finance Corporation (NASDAQ: WLFC) engages in leasing large and regional spare commercial aircraft engines, auxiliary power units, and complete aircraft to a variety of customers, including airlines and maintenance providers. The company also offers an integrated suite of services for engine trading, lease management, and end-of-life solutions for aviation assets. WSF’s endeavors in sustainable fuels are integral to its mission to reduce aviation’s carbon footprint while providing comprehensive leasing services.
About the Partners
Johnson Matthey is a prominent name in sustainable technology, working to provide solutions that reduce emissions and enhance sustainability across energy sectors. Having served over 200 years in advanced materials chemistry, Johnson Matthey is committed to driving the global transition to net zero.
Similarly, Axens is recognized for its role in refining oil and biomass into cleaner fuels. The company offers a complete range of advanced technologies that aid in the production of petrochemical intermediates and carbon capture. Their expertise spans the entire value chain, ensuring optimal performance and minimal environmental impact.
Contact Information
For further information regarding this exciting development or to inquire about potential collaborations, please reach out to Lynn Mailliard Kohler, Director of Global Corporate Communications at (415) 328-4798 or via email at lkohler@willislease.com.
Frequently Asked Questions
What is the goal of Willis Sustainable Fuels' project?
The project aims to produce sustainable aviation fuel (SAF) to significantly reduce greenhouse gas emissions in aviation.
What companies are partnering with Willis Sustainable Fuels?
Willis Sustainable Fuels is partnering with Johnson Matthey and Axens, both leaders in sustainable technologies.
When is the commercial operation for the SAF facility expected to start?
The facility is targeted to begin commercial operations by early 2028.
What is the anticipated annual output of the SAF facility?
The facility is expected to produce 14,000 tonnes of SAF annually, approximately 50,000 litres per day.
How does the fuel produced at this facility impact emissions?
The sustainable aviation fuel produced is projected to result in about 80% lower greenhouse gas emissions compared to conventional fuels.
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