Sustainable aviation fuel, commonly called SAF, has so far been expensive to produce, but new startups are now creating clean fuels out of carbon at a much cheaper cost. Now, new tax credits for clean fuel production from the recently signed Inflation Reduction Act could propel these companies further faster.
Most SAF is made out of carbon from organic vegetable oils, but Twelve, a chemical technology company based in Berkeley, California, is making fuel out of carbon dioxide. It just announced a collaboration with Alaska Airlines and Microsoft to advance production and use of Twelve’s E-Jet, a lower-carbon jet fuel.
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