Lydian said it has closed a $43 million Series A financing round led by Breakthrough Energy Ventures, with participation from AP Ventures and Builders Vision, alongside continued backing from existing investors including Congruent Ventures, Galvanize, Grok Ventures, Overture, Union Square Ventures and Voyager Ventures. The investment also marks the first announced deployment from Breakthrough Energy
Turkish Airlines has signed an agreement to participate in SAFFA Fund I, LP, an investment fund managed by Burnham Sterling Asset Management LLC that aims to accelerate the production of sustainable aviation fuel. The airline said the move aligns with its long-term growth strategy, sustainability targets, and supply chain security plans.
Air Canada and Airbus will invest up to $10 million through a new co-investment platform to help scale sustainable aviation fuel production in Canada.
Montana Renewables, LLC (MRL) collaborated with Gulfstream Aerospace Corp. and its partners as the exclusive fuel supplier for recent low emissions testing on the Gulfstream G800 aircraft. MRL provided its MaxSAF sustainable aviation fuel for the test, while Washington State University performed fuel property characterization in preparation for the flight.
Deutsche Bank is investing in the deployment of Sustainable Aviation Fuel with the Lufthansa Group as part of its strategy to cut the climate impact of business travel. The jointly agreed volume of roughly 1,600 metric tonnes of SAF is expected to save around 5,500 metric tonnes of CO2 — equivalent to the emissions from
Brazilian biodiesel leader Be8 and U.S.-based biotech firm Cemvita have signed a Memorandum of Understanding (MOU) to develop low-carbon feedstock for Sustainable Aviation Fuel (SAF) using glycerin, a byproduct of biodiesel production.
CleanJoule, a U.S.-based startup focused on sustainable aviation fuel (SAF), has announced a significant investment round of $50 million. The round was led by the principals of Indigo Partners, a […]
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