In Canada, ESG Today reported that California-based Universal Fuel Technologies (Unifuel), which is developing technology to cut sustainable aviation fuel production costs, announced that it has raised $3 million for the advancement of its projects, as well as for lab space in Texas. According to the company, its proprietary Flexiforming process can reduce SAF production costs by up to 50%, and the carbon emissions related to production by up to 75%. The report also noted that Unifuel’s technology utilizes a chemical process that can convert many sustainable materials, such as ethanol, methanol, renewable naphtha, liquefied petroleum gas (LPG), and others, into high-quality sustainable fuels or chemicals, including SAF, enabling an ethanol-to-jet (ETJ) pathway at approximately half the cost of current processes. Alexei Beltyukov, CEO of Universal Fuel Technologies, said: “Sustainable aviation depends upon developing SAF that is not only cost-effective but able to work within the aviation industry as it stands today. With Flexiforming, we can give SAF producers the ability to make affordable, high-quality SAF that has the characteristics needed for aircraft performance and the flexibility to scale at their own rate.” The seed round was led by TO VC, with participation from Alchemist Accelerator, Claire Technologies, and World Star Aviation, the report added.
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