Japanese Companies Invest in U.S. Synthetic Fuel Maker for Sustainable Aviation
Key Ideas
  • Japanese trading house Mitsui & Co. and other companies invest in U.S. synthetic fuel maker Twelve Benefit Corp.
  • Synthetic fuels are produced from carbon dioxide and hydrogen using renewable energy, reducing CO2 emissions significantly.
  • The investment aims to participate in plant construction and sell synthetic fuel, especially for sustainable aviation fuel use.
Japanese trading house Mitsui & Co. announced an investment in U.S.-based synthetic fuel maker Twelve Benefit Corp, along with partners like Mitsui O.S.K. Lines Ltd. and the Development Bank of Japan. Synthetic fuels, derived from carbon dioxide and hydrogen generated through renewable energy sources like solar power, offer a more environmentally friendly alternative to traditional fossil fuels. The demand for synthetic fuels, particularly for sustainable aviation use, is expected to rise due to their substantial CO2 emission reduction benefits. Mitsui & Co.'s investment is intended to engage in Twelve Benefit's plant construction endeavors and commercialize the synthetic fuel produced. This move showcases a commitment to advancing sustainable practices in the aviation industry and supporting the global shift towards cleaner energy solutions.
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