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Australian agency launches $30M SAF funding initiative

SOURCE: Google Maps

July 18, 2023

BY Erin Krueger

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Neela Biotech raises £2.1m for AI-driven sustainable fuel technology

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By Founders at the University of Cambridge

8 minutes ago

Sustainable Aviation Fuels Biogas Business 

Neela Biotech, the Cambridge-based biotech startup turning waste into SAF, on Oct. 8 announced it has raised £2.1 million in pre-seed funding to take its technology from the lab to a pilot-scale trial at a biogas plant over the next two years.

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XCF Global Inc. on Oct. 20 announced that it has entered into a definitive agreement to acquire a renewable fuel production facility in Paramount, California through a newly formed subsidiary of XCF, New Rise Renewables Paramount LLC.

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The ASEAN Centre for Energy and Airbus have signed MOU) establishing a three-year cooperation program to support the development of sustainable aviation fuel (SAF) in the Association of Southeast Asian Nations (ASEAN).

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The IATA, Airbus, and Accenture released a SAF Environmental Attribute Certificate (EAc) Market study which estimates that corporate purchases could support between 1 million and 1.9 million metric tons of SAF by 2030.

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LanzaJet Inc. on Oct. 15 announced fully committed new financing of at least $20 million to support the company’s next phase of growth and operations at Freedom Pines Fuels in Soperton, Georgia. The first close occurred on Oct. 14.

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