AIR COMPANY to accelerate SAF production
Published by Emilie Grant,
Editorial Assistant
Hydrocarbon Engineering,
Funding will accelerate the production of AIRMADE® SAF, the Company’s CO2-derived sustainable aviation fuel (SAF) and other synthetic fuels. ) AIR COMPANY has announced that it has raised US$69 million in Series B funding to advance its technology, promote energy security, and drive emissions reductions in hard-to-abate sectors, such as aviation. Avfuel, led the round and will be the preferred provider of distribution and logistics, plus environmental attribute tracking and reporting for AIR COMPANY.
Additional participants in the round included Lowercarbon Capital, IQT (In-Q-Tel), Alaska Airlines, Connecticut Innovation’s Climate Tech Fund, Duncan Aviation, JSSI, and the owners of Sheltair Aviation, among others. Existing investors Carbon Direct Capital, JetBlue Ventures, and Toyota Ventures also participated in the financing. As part of this investment, Avfuel will join the company’s board of directors.
The new capital will bolster AIR COMPANY's engineering and R&D capabilities, accelerating the development of its advanced technology to meet increasing demand for clean fuels in both commercial and government sectors. AIR COMPANY is at the forefront of creating SAF produced from carbon dioxide, which seamlessly integrates into existing aircraft and infrastructure. This investment represents a major advancement toward large-scale production of fully formulated, CO2-derived SAF.
Co-founded by Gregory Constantine and Dr. Stafford Sheehan, AIR COMPANY converts carbon dioxide into sustainable fuels through a streamlined, energy-efficient process. By leveraging abundant domestic feedstocks, the company ensures scalable fuel production. Its technology has been validated through partnerships across both public and private sectors, including previously announced SAF MoU agreements with major airlines and a US$65 million contract with the Defense Innovation Unit.
“The aviation sector faces a critical challenge in meeting the growing demand for sustainable aviation fuel,” said C.R. Sincock, Executive Vice President of Avfuel Corporation. “SAF represents a crucial pathway to decarbonisation.”
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/19092024/air-company-to-accelerate-saf-production/
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