McDermott Partners with Willis for Green Aviation Fuel Projects

McDermott and Willis Sustainable Fuels Collaborate on SAF Facilities

McDermott has officially entered a master services agreement with Willis Sustainable Fuels (UK) Limited (WSFL) to support sustainable aviation fuel (SAF) facilities. This landmark agreement marks a significant step toward aviation decarbonization and greener energy initiatives.

Early Engineering for Sustainable Fuel Production

The partnership will kick off with early engineering for a planned SAF facility, which is designed to produce around 50,000 litres of SAF daily. This initiative enjoys backing from the government’s Advanced Fuels Fund, highlighting its importance to national energy objectives. Looking ahead, WSFL and McDermott anticipate engaging in sole-source negotiations regarding the EPC scope in the coming years.

Innovative Technologies for Future Fuel

WSFL aims to utilize cutting-edge technologies such as Biogas-to-Liquid (BtL) and Power-to-Liquid (PtL) processes, contingent upon the available feedstocks. By leveraging these innovations, the project aspires to set a new benchmark in the sustainable aviation sector.

A Commitment to Sustainability

Amy Ruddock, Senior Vice President, Sustainable Aviation & Corporate Development at Willis Lease Finance Corporation, emphasized the project's significance, stating that it underscores their commitment to collaborating with leaders in the industry that share a commitment to a sustainable future.

Strategic Partnership with Bilfinger UK

McDermott will collaborate closely with Bilfinger UK, combining their expertise to optimize project delivery while maximizing in-house capabilities. This collaboration aims to streamline the development process and ensure high standards are met throughout.

Global Support and Focused Execution

The execution of this project will be managed from McDermott’s office in London, with substantial contributions from its Gurugram office in India and Bilfinger’s facilities in Warrington. This global approach ensures that the project benefits from diverse expertise and resources, enhancing its potential for success.

About McDermott

McDermott stands as a premier, fully-integrated provider of engineering and construction solutions tailored to the energy sector. With a robust portfolio encompassing various services, McDermott is dedicated to harnessing global energy resources responsibly. The company operates in over 54 countries, employing more than 30,000 individuals and utilizing a fleet of advanced marine construction vessels and fabrication facilities.

About Willis Lease Finance Corporation

Willis Lease Finance Corporation specializes in leasing commercial aircraft engines and auxiliary power units to global clients in the aviation sector. The company integrates a wide range of services, including engine and aircraft trading, maintenance, and end-of-life support solutions, reinforcing its position as a leading player in the aviation market.

Frequently Asked Questions

What is the core focus of the McDermott and WSFL agreement?

The primary focus is to advance sustainable aviation fuel facilities in the UK, emphasizing environmentally friendly energy solutions.

What technologies will be used in the SAF project?

The project will potentially utilize Biogas-to-Liquid (BtL) and Power-to-Liquid (PtL) technologies, depending on available feedstock.

Which organizations are appointed for the projects?

McDermott will perform engineering and construction services, with support from Bilfinger UK as a construction partner.

Where will the project management occur?

Project management will be conducted from McDermott's London office, supported by its Indian and Bilfinger's UK offices.

How does this agreement contribute to aviation sustainability?

This agreement plays a crucial role in reducing aviation's carbon footprint and advancing biogas-to-liquid fuel technologies, promoting greener travel solutions.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.