WFW Joins Project SkyPower to Accelerate Sustainable Aviation Fuel Production
Key Ideas
- Watson Farley & Williams has joined Project SkyPower to advance the production of sustainable aviation fuel in Europe.
- The project focuses on e-SAFs derived from renewable sources like hydrogen, aiming for net-zero greenhouse gas emissions by 2050.
- Project SkyPower comprises 13 aviation CEOs and 40+ companies to facilitate large-scale e-SAF production by 2030.
- WFW's involvement emphasizes their dedication to transformative projects in the aviation industry and commitment to energy transition.
Watson Farley & Williams (WFW) has announced its participation in Project SkyPower, an initiative led by 13 aviation sector CEOs to accelerate sustainable aviation fuel (e-SAF) production in Europe. The project's primary aim is to utilize e-SAFs produced through electrolysis from green electricity and hydrogen to contribute to the aviation industry's goal of achieving global net-zero greenhouse gas emissions by 2050. Project SkyPower brings together over 40 companies from various sectors to secure investment decisions for large-scale e-SAF production facilities by 2025, enabling commercial scaling by 2030. WFW's Corporate and M&A Partner, Dr. Dirk Janssen, highlighted the transformative potential of e-SAFs in revolutionizing aviation and supporting the global energy transition. Global Aviation Sector Co-Head, Jim Bell, emphasized the importance of overcoming structural and regulatory challenges in scaling up e-SAF production. WFW's involvement underscores its commitment to driving innovative projects that shape the future of aviation.
Topics
Europe
Projects
Renewable Energy
Innovation
Aviation Industry
Energy Transition
Sustainable Fuel
Investment Decisions
Regulatory Hurdles
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