The acquisition of SAFFiRE comes shortly after Southwest introduced an funding in LanzaJet, a SAF expertise supplier and producer with a patented ethanol-to-SAF expertise and the world’s first ethanol-to-SAF industrial plant.
DALLAS – Southwest Airways Co. proclaims the acquisition of SAFFiRE Renewables, LLC (SAFFiRE) as a part of the funding portfolio of its wholly owned subsidiary Southwest Airways Renewable Ventures, LLC (SARV). SARV is devoted to creating extra alternatives for Southwest to acquire scalable sustainable aviation gasoline (SAF).
SAFFiRE is a part of a venture supported by the Division of Vitality (DOE) to develop and produce scalable renewable ethanol that may be upgraded into SAF. SAFFiRE expects to make the most of expertise developed on the DOE’s Nationwide Renewable Vitality Laboratory (NREL) to transform corn stover, a broadly accessible agricultural residue feedstock within the U.S., into renewable ethanol.
“This acquisition marks Southwest’s transition from investor to sole proprietor of SAFFiRE, expressing our confidence in SAFFiRE’s expertise and its potential to advance our sustainability targets in addition to the targets of the broader business,” stated Bob Jordan, President & CEO of Southwest Airways. “Championing SAF is a key pillar of Southwest’s Nonstop to Internet Zero plan and our work towards a extra sustainable future for air journey. We sit up for persevering with our journey with SAFFiRE as a part of our efforts to propel this promising expertise ahead.”
Southwest first invested in SAFFiRE throughout section one of many pilot venture in 2022. With this acquisition, SAFFiRE is anticipated to proceed with section two of the venture by growing a pilot plant hosted at Conestoga’s Arkalon Vitality ethanol facility in Liberal, Kansas. Initially, this plant is meant to make the most of SAFFiRE’s unique expertise license from NREL to course of 10 tons of corn stover per day for the manufacturing of renewable ethanol. Then, the plan is for the ethanol to be transformed into SAF by LanzaJet, Inc. (LanzaJet).
“Renewable ethanol is a vital feedstock to realizing high-volume, reasonably priced SAF, which is a crucial a part of the journey to internet zero carbon emissions,” stated Tom Nealon, President of SARV and CEO of SAFFiRE. “We’re enthusiastic concerning the ethanol-to-SAF pathway and SAFFiRE’s potential potential to supply renewable ethanol at a scale that’s economically viable.”
Vicky is the co-founder of TravelDailyNews Media Community the place she is the Editor-in Chief. She can be chargeable for the each day operation and the monetary coverage. She holds a Bachelor’s diploma in Tourism Enterprise Administration from the Technical College of Athens and a Grasp in Enterprise Administration (MBA) from the College of Wales.
She has a few years of each tutorial and industrial expertise throughout the journey business. She has written/edited quite a few articles in numerous tourism magazines.
