NetJets Buys Share in Sustainable Fuel Company

Fractional aircraft provider NetJets has purchased a stake in WasteFuel, a company that aims to convert landfill waste into sustainable aviation fuel (SAF). WasteFuel is developing a plant in the Philippines that is scheduled to begin production by 2025, with the capacity to annually convert one million tons of municipal waste into 30 million gallons of SAF.

In addition to acquiring 20 percent of the company, NetJets will commit to purchasing 100 million gallons of WasteFuel-produced SAF over the next decade. That fuel will be delivered to Los Angeles and distributed throughout the NetJets network.

Based on its “next-generation” production technology, WasteFuel's SAF is said to provide an 80 percent lifecycle reduction in carbon emissions compared with conventional jet-A while reducing landfill waste, which accounts globally for the third-largest source of methane produced by human activity. A potent greenhouse gas, methane is many times more damaging than CO² with regard to global warming. Urban areas such as Manila produce as much as 10,000 tons of solid waste a day, which could be used as feedstock for the fuel.

The news from NetJets comes on the heels of the introduction of the company's expanded global sustainability program last October. WasteFuel plans to establish four additional sustainable fuel production facilities once the Manila facility is up and running.