Southwest Airlines announces sustainable fuel subsidiary, $30 million investment in LanzaJet
Dallas-based Southwest Airlines launched the subsidiary Southwest Airlines Renewable Ventures (SARV) this week. The subsidiary is dedicated to obtaining sustainable aviation fuel.
It’s in keeping with the carrier’s goal of replacing 10% of its total jet fuel consumption with sustainable fuel by 2030.
The company will also invest $30 million in sustainable aviation fuel (SAF) technology provider and producer LanzaJet Inc., the world’s first ethanol-to-SAF commercial plant.
“Our launch of SARV and our investment in LanzaJet demonstrate that we are not sitting on the sidelines. Rather, we’re in the game by taking proactive, disciplined steps toward securing affordable SAF for Southwest, as we continue to march toward our goal of net zero by 2050,” said Southwest Airlines CEO Bob Jordan. “We look forward to working with companies and organizations developing important technology, like LanzaJet, which could help us meet our SAF goals.” Continue reading
The subsidiary SARV will focus on managing Southwest’s SAF-related investments, including SAFFiRE Renewables (SAFFiRE), which works with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) on cellulosic ethanol production……
For More Details Visit: https://www.msn.com/en-us/money/companies/southwest-airlines-announces-sustainable-fuel-subsidiary-30-million-investment-in-lanzajet/ar-BB1jgMnO
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