If the UK develops its own “green” jet fuel industry, it could be worth £265 million to the economy, according to a roadmap set to be released by a green transport group tomorrow.
The report predicts it could conjure up 4,400 jobs in the UK over the next 15 years at up to 12 sustainable fuel plants.
Worldwide there could be 90-160 green fuel plants by 2030, suggests the report, making an estimated £8-17 billion in revenue.
The green fuel could help the UK’s flight sector cut its emissions by nearly a quarter (24%) by 2050, the report claims.
Jonathon Counsell, Chair of Sustainable Aviation said: “From recycling waste materials and gases into jet fuel, to the early stage development of algal oils for transportation fuels, the potential for the UK to become a centre of excellence for sustainable fuels is considerable.”
To do this it will need backing from government and the right policies, said the group.
Sustainable Aviation counts the UK’s airlines, airports, manufacturers and air navigation service provider NATS as members.