Senior Associate at Herbert Smith Freehills advising on energy projects driving economic development and the energy transition
A bumper week for a more sustainable aviation industry! 🌍 The first transatlantic flight powered by sustainable aviation fuels flew from London Heathrow to New York. 🌍 Vinson & Elkins advised Infinium on a project to develop a power-to-liquids eFuels facility in west Texas that will convert waste carbon dioxide and renewable hydrogen into sustainable aviation fuels. Some thoughts looking forward to 2024: 🌍 Hopefully the meeting of minds at COP28 will give additional momentum towards a wider adoption of sustainable fuels. 🌍 Earlier this year, the European Parliament adopted the EU Sustainable Aviation Fuel Mandate requiring that 2% of all aviation fuel used in the EU are sustainable by 2025 (increasing to 6% in 2030). 🌍 Colossal investment in sustainable aviation fuel supply will be required to meet these targets, and challenges are likely both in developing and financing these projects at pace, as well as in supply chain and infrastructure capacity both for European producers and non-European importers. We're excited to continue working with producers, developers and investors across the sustainable fuels value chain to help the aviation industry meet its sustainability goals https://lnkd.in/g4sE4rAD