Award of £27m Grant for Altalto Immingham Sustainable Aviation Fuel Project – Advanced BioFuels USA advancedbiofuelsusa.info - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advancedbiofuelsusa.info Daily Mail and Mail on Sunday newspapers.
Velocys plc (VLS.L) announces that, by mutual consent of the parties, Shell International Petroleum Company Limited ( Shell ) has withdrawn from the Altalto Joint Development Agreement. The Altalto project has no immediate funding calls and will continue according to its existing development plan. Velocys and British Airways plc ( British Airways ) will continue to work together in order to secure finance for the Altalto Immingham plant, and will continue the discussions with potential sources of finance for the project, which have been underway for several months and indicate strong interest in this sector. Velocys, British Airways and Shell are continuing to work with HM Government on policy development to support Sustainable Aviation Fuel ( SAF ) production in the UK.