WIZZ INVESTS IN SUSTAINABLE AVIATION FUEL PRODUCER
Source: RNS
WIZZ AIR INVESTS £5M IN SUSTAINABLE AVIATION FUEL PRODUCER FIREFLY
· First equity investment in biofuel company will allow Wizz Air to supply sustainable aviation fuel (SAF) to its UK operations from 2028
· The £5m investment will support the development and certification of SAF produced from sewage sludge
· Partnership with Firefly has the potential to save 1.5m tonnes of CO2-eq1
24 April 2023: Wizz Air, Europe's fastest growing and most environmentally sustainable airline globally2, today announces a £5 million investment in a biofuel company, Firefly. This is Wizz Air's first equity investment in sustainable aviation fuel (SAF) research and development. The partnership with Firefly will allow the airline to supply SAF to its UK operations from 2028, up to 525,000 tonnes over 15 years. The agreement has the potential to save 1.5 million tonnes of CO2-eq.
Firefly specialises in a process, which converts sewage sludge, a low-value waste product available in large quantities, into SAF. More than 57 million tonnes of sewage sludge are produced in the UK each year, with the potential to produce 250,000 tonnes of SAF.
Firefly's SAF, which will be independently certified against the leading sustainability standard RSB, is projected to deliver a 90% reduction in greenhouse gas emissions compared to fossil jet fuel on a life cycle basis3 Firefly aims to have its first commercial plant operating within the next 5 years4.
The agreement with Firefly and investment in new SAF technology represents the latest milestone in Wizz Air's broader sustainability strategy, including its ambitious fleet renewal plan and already efficient low-cost operations with the latest technology aircraft and high seat density and load factors. This will further strengthen Wizz Air's position as an industry leader in sustainability and drive its commitment to reducing its carbon emissions per passenger/km by 25% by 2030.
In 2022, Wizz Air achieved its lowest-ever annual carbon intensity which amounted to 55.2 grams per passenger/km, representing a 15% reduction year-on-year. To achieve this, the airline has invested heavily in its fleet by adding new and replacing older aircraft with the Airbus A321neo aircraft. The Airbus A321neo aircraft incorporates the latest technology, offering significant environmental benefits and can currently fly with up to 50% SAF blend. The share of the new "neo" technology Airbus A320 family aircraft has already surpassed 50% of Wizz Air's fleet. In addition to its ambitious fleet renewal programme, Wizz Air is constantly working on fuel efficiency initiatives and improving its data analytics.
Michael Berlouis, Head of Strategic Projects at Wizz Air, said: "In addition to fleet renewal and operational efficiency, SAF is crucial for reducing carbon emissions from aviation. However, feedstock availability remains the key challenge for the industry. Our investment in Firefly and its sewage sludge SAF technology is a major step forward for Wizz Air in securing its long-term ability to provide low-cost fares to its customers in an ever more environmentally sustainable way. From 2028, we are aiming to procure 525,000 tonnes of SAF from Firefly over a period of 15 years. This has the potential to reduce our emissions by 100,000 tonnes CO2-eq per year, which is equal to the emissions of over 12,000 return Wizz Air flights between London and Budapest".
James Hygate, CEO of Firefly Green Fuels, said: "We are thrilled to be establishing a partnership with Wizz Air. The investment will accelerate the commercialisation of our game-changing Firefly process, with the binding offtake agreement saving a staggering 1.5m tonnes of carbon emissions. Firefly will facilitate a step change towards the future of air travel. The feedstock, sewage sludge, is available in vast quantities globally and with Firefly we can put it to a truly beneficial use, reducing the use of fossil fuels in the hardest to decarbonise areas."
1The saving is based on the IATA carbon emission factor, where 1kg of Jet fuel translates into 3.16 kg of CO2.
2 According to the CAPA - Centre for Aviation Awards for Excellence 2022
3 Based on independent calculations by Cranfield University
4SAF must be blended with conventional jet fuel to meet regulatory requirements for use within the aircraft.
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About Wizz Air
Wizz Air, the fastest growing European ultra-low-cost airline, operates a fleet of 180 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 27.1 million passengers in the Financial Year F22 ending 31 March 2022. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named one of the world's top ten safest airlines by airlineratings.com, the world's only safety and product rating agency, and Airline of the Year by Air Transport World in 2020, as well as Airline of the Year by Air Transport Awards in 2019 and 2023. Wizz Air has also been recognised as the "Most Sustainable Low-Cost Airline" within the World Finance Sustainability Awards 2022 and the "Global Environmental Sustainability Airline Group of the Year" by the CAPA-Centre for Aviation Awards for Excellence 2022.
About Firefly
Firefly's technology originated in the laboratories of Green Fuels, a pioneer in renewable fuels founded in 2003 and awarded a Royal Warrant of Appointment to the former HRH The Prince of Wales, now King Charles III, in 2013. Firefly demonstrates an integrated technology route to SAF using sewage sludge as feedstock, addressing a market opportunity and unmet need. This route, once qualified to international standards, will sit alongside other development pathways and will be a strategic asset for the UK within its national SAF portfolio. The project encompasses engineering design and construction of a demonstrator plant, capable of generating the quantities of fuel to allow qualification. This in turn will lead to a first-of-a-kind commercial refinery and roll-out to several UK locations where airports, pipeline terminals and wastewater treatment works are in close proximity.
For more information:
Wizz Air:
Daria Sergeeva, Sustainability Communications Manager: daria.sergeeva@wizzair.com
Follow us on Instagram: @wizzair
Follow us on Facebook: @wizzair
Follow us on Twitter: @wizzair
Firefly:
Emma Harvey: emma@flyfirefly.uk
Notes for Editors:
● All Wizz Air flights are operated on Airbus A320 aircraft with 180 seats, Airbus A320neo with 186 seats, A321 aircraft with 230 seats and Airbus A321neo aircraft with 239 seats.
● For free pictures of aircraft, crews and logo library please visit http://wizzair.com/en-GB/press
● For more information about Wizz Air's sustainability strategy please see F23 Half-Year ESG Update
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