2 June 2023
by Sarah Morgan

US$50mln investment to accelerate sustainable aviation fuel production

A US$50mln investment in CleanJoule, a US-based start-up, focuses on the production of sustainable aviation fuel (SAF).

© Photo by Claudio Schwarz on Unsplash

As part of the investment by a consortium of private equity companies, Frontier Airlines, Wizz Air and Volaris have signed binding agreements to purchase up to 90 million gallons of the SAF made from agricultural residues and other waste biomass. 

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