In Illinois, United announced an investment in Twelve, a low carbon fuels company that uses a process similar to photosynthesis to transform CO2 and water into sustainable aviation fuel using renewable energy. This investment by the United Airlines Ventures Sustainable Flight Fund follows Twelve’s $83 million Series C funding round and project financing for its first SAF production facility, AirPlant One, located in Moses Lake, Washington. The facility is expected to begin production this year and plans to produce 50,000 gallons of SAF annually. The UAV Sustainable Flight Fund is an investment vehicle designed to leverage support from cross-industry businesses in order to support start-ups focused on decarbonizing air travel. The fund is comprised of more than $200 million in investment commitments from United and corporate partners.
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