NetJets acquires stake in WasteFuel and signs long-term SAF off-take
The world's largest private aviation company US-headed NetJets, Inc., has recently announced that it has made a "significant investment" in compatriot WasteFuel Global LLC, a next-generation waste-to-fuel (WtF) developer that aims to transform landfill waste into sustainable aviation fuel (SAF). The first private aviation company to buy a stake in SAF production, NetJets will also purchase a minimum of 100 million (US) gallons (≈ 378.5 million litres) of WasteFuel’s SAF over the next decade.
According to a statement, NetJets and WasteFuel are in the early phases of developing a waste-to-fuel (WtF) plant in Manila, the Philippines.
As the leader in private aviation, NetJets is deeply invested in advancing sustainability across the industry. After launching our expanded Global Sustainability Program last year, the opportunity to invest in the production of SAF with WasteFuel was a natural next step. The biorefinery tackles the dual environmental problems of the global waste crisis and sustainable fuel, and we’re excited to take this step toward improving accessibility to SAF in the aviation industry, said Brad Ferrell, EVP of Administrative Services at NetJets.
Slated to be operational in 2025, the plant is being developed in partnership with leading Philippines-headed infrastructure developer Prime Metroline Infrastructure Holdings Corporation (Prime Infra), also an investor in the project along with i(X) Investments LLC, and Guy Oseary.
Prime Infra’s core investment strategy focuses on infrastructure that is socially relevant and sustainable, working hand in hand with host communities.
Solid waste management remains a major problem in the Philippines, especially in urban areas like Metro Manila, which generates around 10 000 tonnes of garbage per day. A biorefinery that will convert solid waste into SAF will make a big impact in reducing solid waste and ensuing environmental and health hazards, landfill emissions, and fossil fuel use. An added bonus, it will create jobs for the local community, said Guillaume Lucci, President, Prime Infra.
Plans for additional plants
Utilizing the most effective technologies available, WasteFuel will produce fuels that burn at least an 80 percent reduction in carbon compared to fossil-based aviation fuels. WasteFuel’s SAF has a Carbon Intensity (CI) of 0 compared to an average CI of 41 for alternative SAFs and a baseline of 89.4 for non-renewable aviation fuel.
At full capacity, the biorefinery will convert 1 million tonnes of municipal waste into 30 million gallons (≈ 113.6 million litres) of SAF annually. The SAF is anticipated to be exported to Los Angeles in the United States (US) and distributed across the NetJets operations network.
NetJets and WasteFuel also have plans to develop four more biorefineries in the coming years.
Our waste can be our fuel. Our partnership with NetJets and Prime Infra marks the beginning of a bold new era in travel — the beginning of the hard work of making aviation truly sustainable, said Trevor Neilson, Chairman and CEO of WasteFuel.