WorldStar Aviation has made a strategic investment in renewable fuel company, Universal Fuel Technologies (UFT, Unifuel). WorldStar said that this investment marked “an important milestone in WorldStar Aviation's commitment to sustainable and environmentally friendly solutions for the aviation industry”.
UFT has developed the Flexiforming technology, which enables the conversion of various feedstocks into drop-in fuels and chemicals. The technology claims to offer a “versatile and scalable solution” that can be tailored to meet the specific needs of the aviation sector.
"WorldStar Aviation is excited to invest in Universal Fuel Technologies and support their groundbreaking work in making sustainable aviation fuel in a way that addresses the global need for more environmentally friendly alternatives," said Yoyo Allalouf, a partner at World Star Aviation. "This strategic partnership aligns perfectly with our commitment to sustainability and positions us at the forefront of driving positive change in the aviation industry. We are confident that together, we will play a pivotal role in reducing the carbon footprint of aviation and creating a more sustainable future."
"We are thrilled to partner with WorldStar Aviation, a leader in the aircraft service industry, and benefit from their extensive experience and resources," said Alexei Beltyukov, CEO of Universal Fuel Technologies. "This strategic investment will allow us to further develop our Flexiforming technology and drive its widespread adoption in the aviation sector. Together, we can revolutionise the way aviation fuel is produced and make significant strides towards a greener future."
WorldStar partner, Marc Iarchy, added: “Decarbonisation of the aviation industry is clearly necessary, and while there aren’t many obvious replacement technologies, SAF is certainly one of them. Enabling the development of cheap and plentiful SAF, in a way that doesn’t simply displace the problem onto other areas to be then dealt with later, is the prime reason for our investment in UFT and where we hope to be able to make our contribution to this challenge our industry faces.”