NetJets has announced a dual investment in sustainable air fuel producer Wastefuel. As the only private aviation company to invest in the production of sustainable aviation fuel (SAF), NetJets has acquired a stake in WasteFuel in addition to agreeing to purchase 100 million gallons of SAF over the next ten years.
Currently the two companies have partnered with Prime Infra and are developing a plant in Manila, Philippines, which is due to begin production of SAF in 2025, which will then be shipped to the Unites States and distributed throughout the NetJets’ network.
“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,” said Brad Ferrell, Executive Vice President of Administrative Services. “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.”
At full capacity, annually, the biorefinery should be able to convert one million tons of municipal waste into 30 million gallons of SAF that will burn at least an 80 percent reduction in carbon compared to fossil-fuel based aviation fuels. WasteFuel’s SAF has a Carbon Intensity (C.I.) of 0 compared to an average C.I. of 41 for alternative SAFs and a baseline of 89.4 for non-renewable aviation fuel.
“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. “Solid waste management remains a major problem in the Philippines, especially in urban areas like Metro Manila, which generates around 10,000 tons 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.
