Firefly Fuels bags investment from Builders Vision

UK-based sustainable aviation fuel (SAF) producer from biosolids Firefly Green Fuels announced a significant capital injection from investors and philanthropists Builders Vision.

The funding will enable Firefly Green Fuels to accelerate the development and commercialisation of its proprietary technology, which converts biosolids – organic matter recycled from sewage – into drop-in SAF.

Builders Vision has previously financed carbon mitigation technologies. Firefly said that the funding signals confidence in its novel SAF technology as a high impact venture that centres environmental responsibility alongside long-term economic value. 

“We are thrilled to welcome Builders Vision as a key partner in our journey to redefine how the world thinks about waste and fuel,” said James Hygate, CEO of Firefly Green Fuels. “Their support validates the potential of our technology to disrupt the SAF market and underscores the critical role that innovative financing plays in addressing climate change.”

“We see Firefly as part of a new wave of industrial innovation – building real infrastructure to solve real emissions challenges,” said James Lindsay, director of investments at Builders Vision. “This pilot is a foundational step in proving a resilient, scalable pathway for low-carbon fuels in aviation.”

With this funding, and the backing of Builders Vision, Firefly plan to continue scaling operations at pace, with a UK-based first of a kind (FOAK) facility expected to be operational by 2028/29.

Earlier in 2023, European regional airline Wizz Air announced a £5m investment in Firefly and also signed 15-year offtake agreement with the company.

The partnership with Firefly will allow the airline to supply SAF to its UK operations from 2028, up to 525,000 tonnes over 15 years.