Jet2 invests in Fulcrum’s UK SAF project

Leading leisure travel group, Jet2 plc, on April 27 announced a major investment into a new austainable aviation fuel (SAF) production plant to be constructed in the northwest of England – one of the first such deals in U.K. aviation.

The agreement will see Jet2 plc, which encompasses the award-winning leisure airline Jet2.com, and Jet2holidays, the U.K.’s largest tour operator, invest an equity stake in the plant and expect to receive more than 200 million liters of SAF over a 15-year period, which would be one of the longest SAF supply agreements currently.

The Fulcrum NorthPoint facility, being developed by Fulcrum BioEnergy Ltd, is a waste-to-fuels plant which will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire.

Production of SAF is expected to commence at the plant in 2027, and when at full capacity 600,000 metric tons of non-recyclable household waste, which would otherwise have been destined for incineration or landfill, will be converted into around 100 million liters of SAF annually. The NorthPoint plant will use Fulcrum’s proven waste-to-fuel process and will directly benefit from the IP gained from operations of its pioneering first commercial scale waste-to-fuels facility, Sierra BioFuels, situated outside of Reno Nevada, in the United States.

The announcement means that Jet2.com, the U.K.’s third largest airline, will receive a significant volume of SAF produced at the plant once in operation. The SAF is expected to achieve net emissions reductions totaling around 400,000 metric ton of CO2 for Jet2.com over the 15-year period of the agreement.

The strategic positioning of the plant means that SAF is expected to be delivered directly to Manchester Airport using the existing jet fuel pipework infrastructure, rather than having to rely on transporting the fuel by the road network.

SAF is widely recognized as the best way to decarbonize aviation in the medium to long term, including recently by the Transport Select Committee which stated: “Sustainable aviation fuels (SAF) are the most viable option for the immediate reduction of aviation emissions.”

The SAF produced at the NorthPoint site is expected to achieve life cycle emissions reductions of approximately 70 percent when compared to conventional aviation fuel, with the future potential to be fully carbon neutral.

Today’s announcement continues Jet2.com and Jet2holidays’ commitment to become one of the leading brands in sustainable air travel and package holidays. Jet2.com has previously been recognized as one of the most carbon efficient airlines globallyⁱ, and the company has published a comprehensive sustainability strategy setting the company on a path to net zero by 2050ⁱⁱ, in line with Government targets, though the company aspires to bring this date forward.

Pledges in the strategy include the purchase of 98 firm ordered Airbus A320/A321 neo aircraft, which could eventually extend up to 146 aircraft, which will make travelling with Jet2.com and Jet2holidays more efficient by further reducing emissions per passenger.

This is on top of other tangible actions, such as Jet2.com’s carbon offsetting scheme, one of the largest such schemes of any airline globally. This scheme has meant that, since January 2022, Jet2.com has paid for every tonne of carbon emitted.

Steve Heapy, CEO of Jet2.com and Jet2holidays said, “Travel and tourism is a force for good and, like all industries, we know how critical it is to mitigate our climate impacts. This significant investment into Fulcrum NorthPoint’s Sustainable Aviation Fuel production in the U.K. shows not only how seriously we take that responsibility, but also how committed we are to taking tangible actions to address it. Not only will this action help to lower our climate impacts, but it represents a major step forward in our transition to net zero too. Whether investing in SAF, spending billions on our aircraft fleet, or placing a price on every tonne of carbon we emit, we are putting sustainable travel at the heart of our business. By doing this, our customers know they are travelling with an airline and holiday company that takes its environmental impact seriously and takes substantial action to address it too.”

He added, “This type of investment is critical if we are to get this technology up to the scale required to decarbonize the industry. Our investment is a very clear demonstration that we are backing SAF and the U.K. production of SAF early. We are calling on the U.K. government to scale up its level of ambition and support for SAF production too. Doing this will help achieve decarbonization of the aviation sector, stimulate uptake and seize the enormous economic opportunity here in the U.K.”

Jeff Ovens, managing director at Fulcrum BioEnergy U.K., said, “This strategic, project level investment by Jet2 plc demonstrates clear commitment to the development of a U.K. SAF industry and further underpins Fulcrum’s leading position in the global waste-to-SAF industry. Fulcrum values this new partnership with Jet2, and we look forward to working together to successfully develop Fulcrum NorthPoint and bring low carbon jet fuel to Jet2’s increasingly fuel-efficient aircraft fleet.”