Amrith Ramkumar of The Wall Street Journal reports on clean jet-fuel startup Twelve.
- Twelve, a startup developing clean jet fuel technology, has raised $645 million in funding, valuing the company at over $1 billion and marking one of the largest investments in the sustainable aviation fuel sector.
- The company uses a process mimicking photosynthesis to produce jet fuel with up to 90% lower emissions than conventional fuel, utilizing carbon dioxide, water, and renewable electricity.
- While production capacity is currently small, these technologies are seen as a promising long-term solution for reducing aviation emissions, with major airlines already agreeing to purchase fuel from companies like Twelve.
“Twelve’s first plant, located in Moses Lake, Wash., will make about 50,000 gallons annually when it starts operating next year. Production of the new fuel won’t make a dent in the 100 billion gallon a year jet-fuel market for at least another decade, but capacity is growing across the industry.”
Read the full article here.
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