United Airlines announced an investment in carbon transformation-focused Cleanetech Company Twelve and supported the initiatives of the company to convert CO2 into sustainable aviation drivers (SAF) with the help of renewable energies.
The twelve -based twelve -based twelve -based twelve -based twelve, produces chemicals, materials and fuels from recorded CO2 in combination with water. The process is driven by renewable energies and generates water and oxygen as by -products. According to the twelve, his SAF has the potential to reduce the greenhouse gas emissions of the life cycle by up to 90% compared to conventional jet bracelets.
The investment was made via the United Airlines Ventures Sustainable Flight Fund. The fund introduced in 2023 invests and supports startups that concentrate on research, technology and production processes to support the scaling of the SAF offer. The fund includes investment obligations of more than 200 million US dollars by United and its company partners, including Embraer, GE Aerospace, Google and numerous airlines. United has set itself the goal of completely reducing greenhouse gas emissions by 2050 without relying on carbon offset.
Andrew Chang, head of United Airlines Ventures, said:
“The scaling of the SAF industry is the important hurdle that has to run away from the flight to increase the offer and reduce the price for lower carbon fuels. Twelve has differentiated through the capital you have raised and the SAF contracts that you have secured in order to offer you the flexibility to commercialize your technology and to expand your operation.”
The new investment is followed by the Series C financing round of twelve 83 million US dollars and project financing for the first SAF production facility, Airplant One in Moses Lake, Washington. The facility that is scheduled to start production this year will produce 50,000 gallons drop-in-safe annually, said Twelve.
Nicholas Flanders, co -founder and CEO of Twelve, said:
“The investments of United Sustainable Flight Fund strengthen our dynamics at a crucial moment when we go from innovation to implement. With the plane that starts immediately and has strong cooperation with United, we not only imagine that we have actively build up the decarbonization of air travel.”
