SAF

United, Twelve In $83 million SAF Deal

Posted on by Wole Shadare
United, Twelve In $83 million SAF Deal

United has announced an investment in Twelve, an innovative low carbon fuels company that uses a process similar to photosynthesis to transform CO2 and water into sustainable aviation fuel (SAF) using renewable energy. This investment by the United Airlines Ventures Sustainable Flight Fund follows Twelve’s $83 million Series C funding round and project financing for its first SAF production facility, AirPlant One, located in Moses Lake, Washington. The facility is expected to begin production this…

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Airbus, partners invest in SAF financing fund

Posted on by Wole Shadare
Airbus, partners invest in SAF financing fund

Airbus, the Air France-KLM Group, Associated Energy Group, LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and Qantas Airways Limited have co-invested in a Sustainable Aviation Fuel (SAF) financing fund to accelerate the production of SAF.The corporate partners worked with investment manager Burnham Sterling Asset Management to establish the Sustainable Aviation Fuel Financing Alliance (SAFFA) investment fund in which Airbus is the Anchor Investor. The commitment from the seven partners is amounting to an…

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Allocate 30% renewable fuel output to SAF, IATA tells govts’, as Biofuel volumes grow

Posted on by Wole Shadare
Allocate 30% renewable fuel output to SAF, IATA tells govts’, as Biofuel volumes grow

The International Air Transport Association (IATA) has urged governments to set a policy framework that incentivizes renewable fuel producers to allocate 25-30% of their output to Sustainable Aviation Fuel (SAF) to meet the CAAF/3 ambition including existing regional and national policies as well as airline commitments. The association disclosed on Wednesday at the IATA Global Media Summit in Geneva, Switzerland. According to the clearing house for over 310 airlines in 2023, SAF volumes reached over…

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