British Airways and Phillips 66 Agree First-Ever UK-Produced Sustainable Aviation Fuel Supply
Phillips 66 (PSX)
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Source: Business Wire
British Airways and Phillips 66 Limited have signed a multi-year sustainable aviation fuel (“SAF”) supply agreementSustainable aviation fuel produced at the Phillips 66 Humber Refinery in North Lincolnshire will help power a number of the airline’s flights from early 2022The Phillips 66 Humber Refinery will be the first to produce SAF at scale in the UKSAF is produced from sustainable waste sources and can reduce lifecycle CO2 emissions by over 80% compared to traditional jet fuelThe airline is delivering a range of short-, medium- and long-term initiatives to decarbonise and achieve net zero emissions by 2050 as part of its BA Better World sustainability programme LONDON--(BUSINESS WIRE)--British Airways will become the first airline in the world to use sustainable aviation fuel produced in the UK after signing a multi-year agreement with Phillips 66 Limited.The SAF will be produced at scale for the first time in the UK at the Phillips 66 Humber Refinery near Immingham and will be
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- Phillips 66 (NYSE: PSX) had its price target lowered by analysts at Barclays PLC from $155.00 to $147.00. They now have an "equal weight" rating on the stock.MarketBeat
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