WSFL, McDermott enter agreement for UK SAF project
November 26, 2024
BY Willis Lease Finance Corp.
Willis Lease Finance Corp., the leading lessor of commercial aircraft engines and provider of global aviation service operations, on Nov. 20 announces its subsidiary, Willis Sustainable Fuels (UK) Limited, has entered into a master services agreement (MSA) with McDermott for early engineering, procurement and construction (EPC) related services for its SAF initiative. The agreement commences with WSFL’s first planned SAF facility, supported by the UK Government’s Advanced Fuels Fund, with a capacity of producing 50,000 liters per day of SAF in Teesside, with the parties intending to enter into a sole-source negotiation of the EPC scope in 2025. WSFL intends to deploy technology which produces next-generation SAF, either Biogas-to-Liquid (BtL) or Power-to-Liquid (PtL), depending on the feedstock.
“Our partnership with McDermott on one of the UK’s most advanced sustainable aviation fuel projects represents a key milestone in our ongoing efforts to be a leader in aviation decarbonization. This collaboration underscores our commitment to working with industry leaders who share our vision for a cleaner, more sustainable future,” said Amy Ruddock, senior vice president, Sustainable Aviation & Corporate Development of Willis Lease Finance Corporation, WSFL’s parent company.
“This agreement is testament to McDermott’s expertise in integrating design, fabrication and installation, and our capabilities across low carbon solutions,” said Rob Shaul, McDermott’s senior vice president, Low Carbon Solutions business. “We are well positioned to offer WSFL a self-perform EPC model via our strategic relationship with Bilfinger UK, which is expected to further reduce risk and drive cost optimizations.”
Advertisement
For more information on Willis Lease Finance Corporation and the Company’s comprehensive aviation services, visit www.wlfc.global.
Advertisement
Related Stories
MOL Group has produced a diesel fuel containing hydrotreated vegetable oil (HVO), and sustainable aviation fuel (SAF) at the refinery of Slovnaft in Bratislava. The quality of the products has been verified by radioisotope analysis.
More than 1.76 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in January, down from 1.91 billion generated during the same period of 2024, according to data released by the U.S. EPA on Feb. 20.
The U.S. EPA on Feb. 20 released updated small refinery exemption (SRE) data showing that 13 previously denied SRE petitions for Renewable Fuel Standard compliance years 2021 and 2022 are being reconsidered. No new SRE petitions were filed.
OMV Petrom has announced the start of construction for a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at the Petrobrazi refinery in Romania. The new facility will have an annual capacity of 250,000 tons.
CVR pauses development of potential SAF projects pending regulatory, tax credit clarity
February 20, 2025
CVR Energy Inc. released fourth quarter financial results on Feb. 18, reporting reduced renewable diesel production. The company also said it is pausing development of SAF capacity pending clarity on government subsidies.
Upcoming Events
