IAG invests in Teesside cleantech company

News

International Airlines Group (IAG) has made an investment into Nova Pangaea Technologies (NPT), a Teesside-based cleantech company whose technology uses waste to make Sustainable Aviation Fuel (SAF).

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NPT’s technology converts agricultural waste and wood residue feedstocks into second-generation bioethanol, which can then be processed into SAF.

IAG’s investment will progress the development of NOVAONE, NPTs first waste-to-fuel commercial-scale production facility.

“This is a transformational milestone, and a real endorsement of the crucial work Nova Pangaea Technologies is doing,” Sarah Ellerby, chief executive of Nova Pangaea Technologies, said in a statement. “Our facility will be the UK’s first commercial plant of its kind, and it will play a crucial role in decarbonising the aviation sector, as well as providing local employment opportunities. We are confident of beginning construction later this year and producing second-generation biofuels by 2025.” 

According to IAG, the UK’s SAF mandate requires at least 10 per cent jet fuel to be made from sustainable feedstocks by 2030, which represents 1.2 million tonnes of fuel (1.5 billion litres). Total global production of SAF in 2022 was estimated by IATA to be 450 million litres at a maximum (300-450 million litre range).

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