KUALA LUMPUR – NetJets has announced that 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.
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 will be imported to Los Angeles, the United States, and distributed across the NetJets operations network.
“The bio-refinery tackles the dual environmental problems of the global waste crisis and sustainable fuel. We are excited to take this step toward improving accessibility to SAF in the aviation industry,” said its administrative services executive vice-president, Brad Ferrell.
At full capacity, the bio-refinery 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 bio-refineries in the coming years.
This partnership comes on the tails of the launch of NetJets’ expanded Global Sustainability Programme in October last year, which prioritises a commitment to sustainable fuel, corporate responsibility and consumer participation. – Bernama, February 5, 2021
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