Air to Jet Fuel: United Announces Investment in Power-to-Liquid Fuels Company Twelve
United today 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 year and plans to produce 50,000 gallons of SAF annually.
United today 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 year and plans to produce 50,000 gallons of SAF annually.
