It was fantastic to see the SAF mandate officially passed into law this week, a critical step towards meeting the UK's sustainability goals. Congratulations to all those who have been involved over the years. Alongside the Refuel EU mandates we now have serious SAF targets to hit.
Power to Liquid (PtL) SAF will play a crucial role in achieving them, as highlighted in parliament by Greg Smith MP, who referenced OXCCU's contribution to the sector. However, the primary challenge for PtL SAF remains cost. This is what OXCCU TECH LTD is addressing with our unique one-step process.
Our OX1 plant is the world’s first demonstration of the direct conversion of CO2 and H2 into deoxygenated long chain hydrocarbons. CO2 and H2 in, liquid fuel out. This low-cost, single-step method makes acheiving these targets possible.
Since going live, OX1 has been consistently producing liquid fuel for more than a week and we're now ready to supply our first customers. The results have exceeded expectations, with conversion increasing by over 40% and a significantly higher SAF selectivity than anticipated.
We are passionate about developing the world's lowest cost PtL pathway. In May 2023, we committed to delivering OX1, a 1,000 times scale up from the lab, and it’s now operating as planned at Oxford Airport, thanks to the incredible efforts of the OXCCU team. Our next step is OX2 in Saltend, Humber, where we will further scale up this world-leading Oxford University IP, developed in the UK, to further reduce e-fuel costs and help the UK meet its SAF targets. Rapid scale up from demo to commercial scale is possible with this technology and we will demonstrate that.
As we continue to innovate, we believe our one-step process and catalyst can deliver substantial cost savings for the whole industry and it is needed as excitement and momentum in the efuels industry continues to grow, as do expectations. The recent $1.1bn funding announcement from Infinium demonstrates this. We at OXCCU will do our bit. We will stay focussed on scaling our patented one step pathway which is the key to reducing the cost of PtL SAF and hitting the SAF mandates. #PtL #SAF #OX1
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