Reported 19 days ago
Twelve, a startup focused on sustainable aviation fuel production, has successfully attracted $645 million in funding, marking one of the largest investments in clean jet fuel. The company utilizes a process similar to photosynthesis to create jet fuel with significantly lower emissions, and its first plant in Moses Lake, Washington, is set to begin operations next year, aiming to produce 50,000 gallons annually. As the demand for cleaner fuels rises, Twelve's innovative approach positions it among leading firms in a burgeoning market, supported by various large investors including Alaska Airlines.
Source: YAHOO