ESG Today writes that most of the SAF being produced globally right now comes from plant-based feedstock, which can represent a supply issue, while also competing with the food industry and posing a risk for deforestation. Air Company uses a proprietary solution that is able to turn the CO2 that would end up in the atmosphere into sustainable aviation fuels, thus saving the plant-based feedstock for industries that need it more.
The company said that it will use the 69 million USD funding for research and development, as well as boosting production capacities to help fuel-dependent industries lower their emissions.
Gregory Constantine, Co-Founder and CEO of Air Company, said that "our technology is designed to be modular to facilitate adoption and scalability."
Avfuel is one of the main companies that will benefit from the supply of CO2-made SAF, as it is an important distributor of clean fuels itself and it led the 69 million USD funding round.
C.R. Sincock, Executive Vice President of Avfuel Corporation, said that "by partnering with Air Company, Avfuel is committed to accelerating the widespread adoption of this high-performing fuel and driving meaningful emissions reductions across the industry."
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