Aether Fuels Signs MOU with JetBlue
2024年9月23日 - 10:00PM
Aether Fuels (Aether), a venture-backed climate technology company,
today announced that it has signed a Memorandum of Understanding
(MOU) with JetBlue (NASDAQ: JBLU). Aether has developed a
breakthrough technology that utilizes a diverse array of waste
feedstocks to produce sustainable liquid fuels at a lower cost and
greater scale than existing approaches. The agreement creates a
pathway for Aether to supply JetBlue with sustainable aviation fuel
(SAF) when commercial production begins.
The MOU extends Aether’s relationship with JetBlue that began
when its venture capital subsidiary, JetBlue Ventures, invested in
Aether’s convertible note and Series A financings.
Aether’s technology, known as Aether Aurora™, uses a range of
waste carbon feedstocks that do not compete with food or feed value
chains. This critical “feedstock flexibility” differentiator
enables the large-scale deployment of Aether Aurora technology and
contributes to the breakthrough economics that are essential for
sustainable liquid fuels, by enabling the conversion of numerous
abundant waste carbon feedstocks into jet fuel. This overcomes the
supply constraints faced by many other SAF production processes
that rely on a limited type of often-scarce or cost-constrained
feedstocks.
The technology, an enhanced version of the Fischer-Tropsch (FT)
process, combines innovations in chemistry (catalysts), equipment
(reactors), and novel process flow schemes that enable major
process simplifications (intensification) when converting waste
carbon streams, such as captured carbon dioxide, industrial waste
gases, biogas and treated agricultural residues, into liquid
hydrocarbons. It is a robust, flexible, and efficient process
engineered to deliver high yield and broad feedstock support at
lower investment and operating costs.
This MOU is the first for Aether in the SAF space. It comes as
the company’s team of expert technologists, in partnership with GTI
Energy, are constructing a 100 gallon-per-day (380l/day) pilot line
that builds on the successful operation of an existing 1.5
gallon-per-day (6l/day) pilot line. The work leverages eight years
of technology development initiated by GTI Energy and accelerates
the commercial deployment of Aether Aurora at scale.
In parallel, Aether is developing a pipeline of commercial-scale
production facilities. This includes projects in the U.S. and
Southeast Asia to produce SAF and other high-value sustainable
liquid fuels in collaboration with select strategic partners.
“JetBlue is a leader in proactively transitioning to SAF so
their interest in the company and the Aether Aurora technology is
gratifying,” said Conor Madigan, Co-founder and CEO at Aether. “For
a disruptive technology like ours, early and informed input from
potential users, including airlines, can accelerate the ramp from
R&D to commercialization. We are excited to engage with JetBlue
and look forward to supporting their SAF vision.”
“Scaling up production of SAF is the essential challenge to
solve for the decarbonization of aviation,” said Sara Bogdan,
Managing Director of Sustainability and ESG at JetBlue. “Aether
Fuels’ technology targets a key need. By enabling access to a much
wider range of feedstocks than previously available, the new
technology shows incredible promise to help SAF reach the
commercial scale needed for the industry transition to renewable
fuels. As our investment via JetBlue Ventures demonstrates, we are
believers in the Aether technology and team, and we look forward to
being part of that journey.”
Aether Aurora is trademarked by Aether Fuels
About JetBlue: JetBlue is New York's Hometown
Airline®, and a leading carrier in Boston, Fort
Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue,
known for its low fares and great service, carries customers to
more than 100 destinations throughout the United States, Latin
America, the Caribbean, Canada and Europe. For more information and
the best fares, visit jetblue.com.
About Aether Fuels: Aether Fuels envisions a
net-zero world enabled by its breakthrough sustainable liquid fuel
production technology. We are developing highly scalable solutions
that dramatically improve the unit economics of producing
sustainable fuels for aviation and ocean shipping. Established in
2022 as a spin-out of Xora Innovation, a deep-tech early-stage
investment platform of Temasek, we maintain principal offices in
the U.S. and Singapore. For more information, visit
www.aetherfuels.com or follow us on LinkedIn.
Contact
Kelsey Duke; Diffusion PR for Aether Fuels; email:
AetherFuels@Diffusionpr.com
JetBlue Airways (NASDAQ:JBLU)
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JetBlue Airways (NASDAQ:JBLU)
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から 10 2023 まで 10 2024