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Southwest Airlines announced the launch of Southwest Airlines Renewable Ventures (SARV). Southwest Airlines Renewable Ventures (SARV) is a new subsidiary responsible for managing the airline’s sustainable aviation fuel (SAF) investments and creating opportunities for the airline to acquire SAF to meet its clean fuel goals. be.
The company also announced a new $30 million investment in SAF technology startup LanzaJet, which forms part of SARV’s portfolio. Founded in 2020 by carbon recycling technology company LanzaTech, Illinois-based LanzaJet can produce SAF and renewable diesel from waste-based sustainable ethanol sources, including low-carbon sugarcane, energy and other feedstocks. Developed the “Alcohol to Jet” technology. Crops, forest residues, agricultural waste, organic waste.
Bob Jordan, President and CEO of Southwest Airlines, said:
“Our launch of SARV and investment in LanzaJet shows that we will not sit on the sidelines. We’re in the game by taking proactive and disciplined steps to ensure an affordable SAF for the West. We’re joining the companies and organizations developing critical technologies like LanzaJet We look forward to working with them, which could help the SAF achieve its goals.”
The launch of the new SAF investment business follows Southwest’s latest sustainability strategy, “Nonstop to Net Zero,” announced in November. Southwest Airlines’ climate goals include achieving net-zero emissions by 2050 and reducing emissions intensity by 25% by 2030 and 50% by 2035. The strategy also includes a goal to replace 10% of total jet fuel consumption with SAF by 2030.
In 2022, Southwest will invest in SAFFiRE Renewables, a company aimed at piloting and commercializing technology to produce low-cost, sustainable aviation fuel, and the Department of Energy to develop and produce scalable SAF. It was established as part of a (DOE) supported project. This is also organized by SARV. SAFFiRE has a license agreement for the technology used to convert corn stover, a widely available agricultural residue feedstock, into cellulosic ethanol, which can be used to make SAF using LanzaJet’s technology. .
Jimmy Samartzis, CEO of LanzaJet, said:
“Southwest’s equity investment in LanzaJet will help the company continue to grow and scale to meet the demands of the aviation industry, while unlocking the tremendous potential of the U.S. biofuels industry and supporting local communities. It can bring benefits and support the agricultural industry.”
As part of the agreement with Southwest Airlines, LanzaJet will build an ethanol-to-SAF facility to primarily produce SAF for Southwest Airlines, which will include converting SAFFiRE’s cellulosic ethanol into SAF. It will include the ability to convert.
Tom Nealon, president of SARV and CEO of SAFFiRE, said:
“SARV’s goal is to support the expansion of SAF through strategic investments and ensure Southwest Airlines has access to high-quality, affordable SAF in accordance with the robust standards of Southwest Airlines’ SAF policy. Through SARV’s investment in LanzaJet, we are also entering the next phase of commercialization of our SAFFiRE technology, designed to support the production of cellulosic ethanol that can be converted to SAF.”
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