Press release
Turning Carbon Dioxide into Sustainable Fuel: United and Oxy Low Carbon Ventures Announce Collaboration with Biotech Firm to Create New Fuel Sources
Houston-based Cemvita Factory's synthetic biology process has the potential to create a new way to produce sustainable fuel for aviation United has invested
About this update from United Airlines Holdings, Inc.
[{"type":"text","content":"Houston-based Cemvita Factory's synthetic biology process has the potential to create a new way to produce sustainable fuel for aviation \nUnited has invested in more SAF production than any other airline \nCHICAGO and HOUSTON, March 29, 2022 /PRNewswire/ -- United Airlines Ventures (UAV) and Oxy Low Carbon Ventures (OLCV) today announced a collaboration with Houston-based biotech firm Cemvita Factory to commercialize the production of sustainable aviation fuel (SAF) intended to be developed through a revolutionary new process using carbon dioxide (CO2) and synthetic microbes. UAV also announced an equity investment in Cemvita Factory. OLCV, a subsidiary of Occidental (Oxy), is a founding investor in Cemvita Factory.\nSAF is an alternative to jet fuel that uses non-petroleum feedstock and offers lower lifecycle greenhouse gas emissions. United has invested in more SAF production than any other airline.\n\"At United, we have been consistent in leading the airline industry with bold action when it comes to fighting climate change – that starts with building an ecosystem around companies like Cemvita Factory to create and commercialize new SAF technologies,\" said Michael Leskinen, President of United Airlines Ventures. \"This is truly a global imperative, and this cooperation with Oxy Low Carbon Ventures reflects our dedication to building relationships across sectors and working with companies aligned with our sustainability goals.\"\nUnited and OLCV have previously worked together on new approaches to combat climate change. Together, UAV and OLCV will fund development work at Cemvita to convert carbon dioxide into hydrocarbons for SAF. If performance targets are achieved, UAV and OLCV plan to form a joint venture to commercialize the technology. This includes funding projects such as pilot and demo plants, engineering studies, financing construction and operating SAF plants. \n\"The use of SAF is a promising approach that we believe can significantly reduce global emissions from aviation and further decarbonization initiatives to combat climate change,\" said Richard Jackson, President, Operations, U.S. Onshore Resources and Carbon Management, Oxy. \"We are eager to collaborate with United and Cemvita to accelerate SAF innovation to reach commercial scale.\"\nToday's announcement makes Cemvita the third SAF-related technology to...