Advancing Clean Energy Solutions Through Innovative E-Fuels Technology
Key Ideas
  • Twelve Benefit Corporation raised an additional $83 million USD to advance their carbon transformation technology for producing e-fuels from hydrogen and CO, contributing to the global shift towards cleaner energy sources.
  • Their E-fuels, such as E-Jet® sustainable aviation fuel and E-Marine™, offer a significant reduction in lifecycle emissions compared to traditional fossil-based fuels, with potential applications in shipping, aviation, and other industries.
  • Twelve's innovative carbon transformation process, including CO2 electrolysis, is set to revolutionize the production of fuels, chemicals, and materials, with a commercial plant expected to be operational in Moses Lake, Washington later this year.
  • Partnerships with industry leaders like Alaska Airlines, Microsoft, and Virgin Voyages showcase the growing interest and support for e-fuels as a key enabler in achieving net zero greenhouse gas emissions and driving sustainable practices in the transportation sector.
Mitsui O.S.K. Lines subsidiary, Twelve Benefit Corporation, has secured an additional $83 million USD in funding to advance their groundbreaking carbon transformation technology that converts hydrogen and CO into e-fuels. E-fuels, such as their E-Jet® sustainable aviation fuel and E-Marine™, offer a cleaner alternative with significantly lower emissions. The company's focus on developing e-fuels from renewable sources like hydrogen, CO2, and water holds promise for decarbonizing industries beyond shipping to include aviation and mobility. Twelve's proprietary carbon transformation process, including CO2 electrolysis, is paving the way for sustainable fuel production, with a commercial plant set to launch in Moses Lake, Washington. Through strategic partnerships with key players in the aviation and shipping sectors, including Alaska Airlines and Virgin Voyages, Twelve is poised to lead the shift towards cleaner energy solutions. The investment from MOL Group, along with other backers, signals a growing commitment to supporting clean energy initiatives and driving the global transition to a low-carbon future.
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