British Airways and Phillips 66 Agree First-Ever UK-Produced Sustainable Aviation Fuel Supply [MarketWatch]
Phillips 66 (PSX)
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Source: MarketWatch
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 supplied to British Airways to power a number of its flights from early 2022. The supply agreement between British Airways and Phillips 66 Limited, a wholly owned subsidiary of diversified energy manufacturing and logistics company Phillips 66, advances both companies' commitments to a lower-carbon future. The airline, which is driving to achieve net zero carbon emissions by 2050, will purchase enough sustainable fuel to reduce lifecycle CO emissions by almost 100,000 tonnes, the equivalent of powering 700 net zero CO emissions flights between London and New York on its fuel-efficient Boeing 787 aircraft. The SAF will be produced from sustainable waste feedstock at the Humber Refinery, which will deliver its SAF supply to British Airways via existing pipeline infrastructure that feeds directly into UK airports. Sean Doyle, British Airways' Chairman and Ch
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- Phillips 66's (NYSE:PSX) institutional investors lost 3.8% last week but have benefitted from longer-term gains [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (PSX) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
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