Southwest Airways acquires SAFFiRE Renewables and Strengthens Deal with Sustainability – Sustainable Aviation Gasoline.
Southwest Airways Co. (NYSE: LUV) 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 out there 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 expertise and its potential to advance our sustainability targets in addition to the targets of the broader business.
“Championing SAF is a key pillar of Southwest’s Nonstop to Web Zero plan and our work towards a extra sustainable future for air journey. We stay 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 predicted to proceed with section two of the venture by creating 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).
Tom Nealon, President of SARV and CEO of SAFFiRE, stated:
Renewable ethanol is a vital feedstock to realizing high-volume, reasonably priced SAF, which is a important a part of the journey to web zero carbon emissions.
“We’re enthusiastic concerning the ethanol-to-SAF pathway and SAFFiRE’s potential capacity to supply renewable ethanol at a scale that’s economically viable.”
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 business plant.
For extra on Southwest’s Nonstop to Web Zero plan outlining the service’s path towards web 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 Deal with Sustainability, Dallas, March 28, 2024
