International Airlines Group to invest in Nova Pangaea Technologies.

International Airlines Group, an Anglo-Spanish multinational airline holding company with its registered office in Madrid, Spain, and its operational headquarters in London, agreed to invest in Nova Pangaea Technologies, a cleantech company that has created a revolutionary process, converting wood residues and agricultural waste into advanced biofuels and other bio products. Financial terms were not disclosed. "This is a transformational milestone, and a real endorsement of the crucial work Nova Pangaea Technologies is doing. We are delighted to be adding IAG – one of the foremost names in the aviation industry - to our shareholder register. Our facility will be the UK's first commercial plant of its kind, but we also see enormous potential in the North American market. We have set our sights in delivering a sustainable source of SAF to decarbonise the aviation sector, not just in the UK, but globally too," Sarah Ellerby, Nova Pangaea Technologies CEO.