The UK Government has launched a multi-million pound fund to support the development of biofuels for the aviation industry.
It is hoped the £22 million pot will facilitate the ‘establishment of advanced fuel production facilities’ in the UK and support the Government’s target on reducing carbon emissions: by the middle of the century it has pledged to slash green house emissions by 80%.
“We are committed to cutting carbon emissions and promoting new environmentally-friendly fuels that will help us meet that goal,” UK Transport Minister Jesse Norman said. “We are making funding available to innovative businesses which will lead the way in developing alternative fuels that are efficient, sustainable and clean.”
Its Future fuels for flight and freight competition is open now to finance ‘projects that will produce low carbon waste-based fuel’.