King’s Speech in support of legislative SAF

Nova Pangaea Technologies welcomes today’s King’s Speech which references the introduction of a Bill to support sustainable aviation fuel production noted as the Sustainable Aviation Fuel (Revenue Support Mechanism) Bill.  This legislative support is key to unlocking cleantech and plant investment through a viable pricing mechanism and will allow the UK to develop and deliver a home-grown SAF industry and meet its fast-approaching mandate targets.

Sarah Ellerby, NPT CEO, comments: “The King’s Speech that included proposed SAF legislation on a revenue support mechanism gives assurance to the industry and clean technologies to continue with purpose on their path to enable aviation decarbonisation.  It will spur investor confidence, which has been integral to building a domestic SAF industry and will showcase the UK as a global leader.”