Burges Salmon has advised Firefly Green Fuels on a landmark financing round led by Builders Vision, backing the development of its breakthrough sustainable aviation fuel (SAF) technology.
The investment will help scale Firefly’s innovative solution that transforms biosolids—recycled organic waste from sewage—into low-carbon, drop-in aviation fuel. As the aviation industry seeks urgent decarbonisation solutions, Firefly’s circular waste approach is gaining momentum. The funding will support commercialisation and accelerate the rollout of the UK’s first SAF plant of its kind, expected by 2028/29.
Burges Salmon’s cross-disciplinary Sustainable Transport team advised Firefly on the transaction, led, on the banking and finance side, by partner Rachael Ruane and senior associate Bernard Ehigiamusor. They were supported, on the corporate side, by partner Alex Lloyd and senior associate Niall Mackle.
Rachael comments: “By creating a new abundance of waste-derived SAF, Firefly Green Fuels is helping to enable a new era of sustainable growth for aviation. It has been a pleasure guiding our longstanding client through this transformational financing from Builders Vision, positioning Firefly’s novel technologies as a high impact venture that champions environmental responsibility and brings long-term economic value.”
James Hygate, CEO of Firefly Green Fuels, adds: “We are thrilled to welcome Builders Vision as a key partner in our journey to redefine how the world thinks about waste and fuel. 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. Having worked with Burges Salmon for many years, we’re grateful to have such an experienced, diligent and supportive legal partner by our side.”
Burges Salmon’s Sustainable Transport team works across the entire transport sector including rail, highways, road transport, aviation and marine and ports. With a unique blend of sector and net zero expertise, supported by a cross disciplinary team of experts, the firm covers all aspects of transport law; from funding, corporate ventures and operations to construction, development and disputes.