Waterford firm signs deal to develop sustainable aviation fuel

NEG8 Carbon's technology will help to create fuel with 90% fewer emissions than traditional jet fuel

Ray Naughton, founder and managing director of NEG8 Carbon.

A Waterford carbon capture company has been chosen to receive funding from a £1m (€1.13m) UK contract to develop large-scale sustainable aviation fuel.

NEG8 Carbon based at the IDA Business Park on the Cork Road in Waterford has signed a contract for a project led by British tech consultancy firm Equilibrion aimed at decarbonising aviation fuel using low-carbon nuclear energy.