· 1 min read
illuminem summarizes for you the essential news of the day. Read the full piece on The Wall Street Journal or enjoy below:
🗞️ Driving the news: Twelve, a startup focused on sustainable aviation fuel (SAF), raised $645 million from investors like TPG and Alaska Airlines
• This marks one of the largest investments in clean jet fuel technology to date
🔭 The context: Cutting aircraft emissions is a major challenge in the energy transition, and startups like Twelve are tackling it by creating SAF through innovative processes like "industrial photosynthesis"
• Twelve’s Washington state plant is expected to begin production next year
🌍 Why it matters for the planet: The aviation industry is a significant contributor to global emissions, and scalable SAF solutions are critical for reducing its environmental impact, making this a pivotal investment for cleaner air travel
⏭️ What's next: With increased financial backing, Twelve is set to accelerate production and lead the way in providing a cleaner alternative to conventional jet fuels, potentially transforming aviation sustainability
📈 One stat: Twelve raised $645 million in one of the clean jet fuel sector's largest investments
Click for more news covering the latest on aviation
