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Southwest Airways acquires SAFFiRE Renewables and Strengthens Concentrate on Sustainability – Sustainable Aviation Gas.
Southwest Airways Co. (NYSE: LUV) publicizes 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 mission 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 know-how developed on the DOE’s Nationwide Renewable Vitality Laboratory (NREL) to transform corn stover, a extensively accessible agricultural residue feedstock within the U.S., into renewable ethanol.
Bob Jordan, President & CEO of Southwest Airways stated:
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This acquisition marks Southwest’s transition from investor to sole proprietor of SAFFiRE, expressing our confidence in SAFFiRE’s know-how and its potential to advance our sustainability objectives in addition to the objectives of the broader business.
“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 look ahead to persevering with our journey with SAFFiRE as a part of our efforts to propel this promising know-how ahead.”
Southwest first invested in SAFFiRE throughout part one of many pilot mission in 2022. With this acquisition, SAFFiRE is anticipated to proceed with part two of the mission 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 know-how 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).
Tom Nealon, President of SARV and CEO of SAFFiRE, stated:
Renewable ethanol is a vital feedstock to realizing high-volume, inexpensive SAF, which is a important a part of the journey to internet zero carbon emissions.
“We’re enthusiastic in regards to the ethanol-to-SAF pathway and SAFFiRE’s potential capability to provide renewable ethanol at a scale that’s economically viable.”
The acquisition of SAFFiRE comes shortly after Southwest introduced an funding in LanzaJet, a SAF know-how supplier and producer with a patented ethanol-to-SAF know-how and the world’s first ethanol-to-SAF business plant.
For extra on Southwest’s Nonstop to Internet Zero plan outlining the provider’s path towards internet zero carbon emissions by 2050 and a extra sustainable future by carbon, circularity1, and collaboration, go to southwest.com/planet.
Southwest Airways Acquires SAFFiRE Renewables and Strengthens Concentrate on Sustainability, Dallas, March 28, 2024