ESG Today writes that California-based Twelve is a company that produces chemicals and fuels from captured CO2 emissions, using only water and renewable energy for the required process, generating only water and oxygen as the byproducts.

The company is currently building its first SAF manufacturing facility, which could begin production in 2025, with the resulted E-Jet SAF having around 90% fewer emissions compared to traditional kerosene. TPG Rise Climate contributed to the financing with 400 million USD in equity funding and to the 200 million USD Series C funding, as well.

Compared to other SAF products, Twelve's solution offers the advantage of a lower area in terms of land use, as opposed to biofuel facilities, as well as lower water consumption. Fifth Wall and Alaska Star Ventures also contributed to the 200 million USD funding round.

Greg Smithies, Investment Partner, Hardware and Materials at Fifth Wall, said that "using electricity to convert carbon dioxide into fuels and materials is the only solution we’ve seen that can scale large enough to truly ween the world off of its fossil fuel addiction. While there is a lot of focus on fuels, what we forget is that much of our world is also made out of fossil fuels. From plastics, to paints, to insulation, to clothing."