In Texas, oneworld alliance and member airlines, in partnership with Breakthrough Energy Ventures (BEV), recently announced the launch of a new investment fund designed to address the limited availability and high cost of today’s Sustainable Aviation Fuels (SAF). The fund, led by cornerstone investors Alaska Airlines and American Airlines, seeks to accelerate the global development of long-term aviation fuel solutions that are cost effective, scalable, and have lower emissions than conventional fuels.
The oneworld BEV Fund will:
· Invest in novel, next-generation Sustainable Aviation Fuel technologies
· Support the growth of alternative fuel markets to meet the long-term needs of the global aviation industry
· Create economic value for investors and regions around the world
· Drive technology innovation
· Develop a diverse and resilient SAF supply chain to meet future demand