Build & Sustainability
Nova Pangaea Technologies’ aviation fuel plant moves closer with ‘transformational’ IAG support
July 26, 2023
A waste-to-aviation fuel firm says it has moved closer to building a “UK first” factory thanks to “transformational milestone” support.
Nova Pangaea Technologies has been backed by British Airways operator International Airlines Group.
The Wilton-based company says the investment will catalyse the development of a sustainable fuel production plant, with manufacturing earmarked for 2025.
The company’s technology converts agricultural waste and wood residue feedstocks into second-generation bioethanol, which can then be processed into aviation fuel, and comes against the backdrop of a UK commitment to make at least ten per cent of jet fuel from sustainable sources by 2030.
Sarah Ellerby, Nova Pangaea Technologies’ chief executive, said: “This is a real endorsement of the crucial work we are doing.
“We are delighted to be adding International Airlines Group – one of the foremost names in the aviation industry – to our shareholder register.
“Our facility will play a crucial role in decarbonising the aviation sector.”
International Airlines Group’s backing of Nova Pangaea Technologies forms part of a wider investment in sustainable aviation fuel, which stood at $865 million at the end of 2022.
Luis Gallego, chief executive at the operator, which plans to be net-zero by 2050, added: “Sustainable aviation fuel is the only realistic option for long-haul airlines to decarbonise, which is why investment in this area is so critical.”