California-based Universal Fuel Technologies (Unifuel) has raised $3 million in seed funding for technology the company says lowers production costs of sustainable aviation fuel (SAF) and related carbon emissions.
Led by TO VC, an early-stage decarbonization fund focused on climate technology companies, the round’s seed funding will go toward advancing Unifuel’s Flexiforming technology and to help establish lab space in Texas for SAF sample production, Unifuel said Oct. 22 in a news release. The technology converts renewable fuels such as ethanol and methanol into SAF, a lower carbon emissions alternative to conventional jet fuel.
The company said its Flexiforming’s aromatic SAF allows for a fully synthetic jet fuel that can be used without blending with conventional jet fuel once 100% SAF is approved by standards organization ASTM International.
“Unifuel has engineered a more efficient SAF production method that dramatically cuts costs while getting the most out of limited resources,” said Joshua Phitoussi, managing partner at TO VC. “The feedstock flexibility of Unifuel’s technology gives the company the ability to work in multiple SAF pathways, partnering with the best players of whatever pathway makes the most sense in a given geography. This ingenuity exemplifies the type of high-impact, scalable solution we believe is essential for reaching net-zero emissions by 2050, making them a strategic addition to TO VC’s portfolio of companies driving the transition to sustainable energy systems.”
Other companies that participated in the seed funding round included Alchemist Accelerator, Claire Technologies and World Star Aviation, according to the release.
Recommended Reading
TotalEnergies to Supply More SAF to French Airline
2024-09-23 - TotalEnergies has entered into an agreement to supply airline Air France-KLM Group with up to 1.5 million tons of more sustainable aviation fuel over a 10-year period.
Johnson Matthey: Syngas Offers Path to Low-carbon Fuels, Hydrogen
2024-09-27 - With syngas, chemical makers like Johnson Matthey have hit a sweet spot in producing no- and low-carbon ammonia, hydrogen or sustainable aviation fuel.
Brookfield Targets More Renewable Power Growth Opportunities
2024-09-11 - Brookfield Asset Management agreed to invest up to $1.1 billion in efuels producer Infinium as it seeks additional growth opportunities.
EQT: Glut of Low Carbon Tech Like ‘Manhattan Project on Steroids’
2024-08-19 - Executives at EQT, NOV and Oxy Low Carbon Ventures discussed technology, scalability and other energy transition needs at a recent SPE conference.
Energy Transition in Motion (Week of Sept. 13, 2024)
2024-09-13 - Here is a look at some of this week’s renewable energy news, including an agreement between Exxon Mobil and Mitsubishi Corp. concerning ammonia from a planned hydrogen facility in Texas.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.