Sustainable Aviation Gasoline – Aether fuels and GTI Vitality announce partnership and unique licensing deal.
Aether Fuels (Aether) and GTI Vitality introduced a partnership and international unique licensing settlement to commercialize a scalable and economical resolution to provide sustainable fuels from low-value and ample waste streams.
The fuels will assist aviation and ocean delivery firms (which mixed generate greater than 4 %* of the world’s carbon emissions) obtain their net-zero ambitions. Aether is a venture-backed deep-tech local weather firm. GTI Vitality is a non-profit know-how growth group that creates progressive options for low carbon, low-cost vitality programs.
The Analysis and Growth (R&D) partnership started in 2022 between Aether and GTI Vitality searching for to construct on a gas-to-liquid (“GTL”) know-how program initiated by GTI Vitality in 2016.
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The GTL program combines improvements in chemistry (catalysts), gear (reactors), and course of flows to transform gaseous waste carbon streams, resembling captured carbon dioxide, industrial waste gases, biogas and transformed agricultural residues, into liquid hydrocarbons. The know-how growth is supported by $6 million in grants from the U.S. Division of Vitality, in addition to additional investments by Aether, which not too long ago introduced a $9 million funding spherical.
Collectively, Aether and GTI Vitality have developed a brand new idea constructed upon the unique GTL program that has the pliability to transform a variety of carbon feeds whereas additionally producing extra product at decrease price than present approaches.
The brand new resolution has been demonstrated in an built-in pilot line at GTI Vitality’s Chicago-area campus producing 1.5 gallons of sustainable fuels per day. A 100 gallon per day built-in pilot will begin building at this campus in March.
This announcement marks a shift from R&D led by GTI Vitality to a brand new commercialization part led by Aether’s group of skilled enterprise and know-how executives. The licensing settlement offers Aether unique international rights to sure key GTI Vitality GTL applied sciences for producing sustainable liquid hydrocarbons.
The partnership extends Aether’s R&D contract with GTI Vitality and establishes a complete know-how switch program beneath which Aether will progressively take over the additional R&D to scale the brand new resolution. As a part of this program, the Aether group will work alongside GTI Vitality counterparts, establishing an R&D Middle to entry GTI Vitality’s world-class amenities and group and run the pilot strains.
Conor Madigan, Aether CEO, mentioned:
Incubating transformative applied sciences is only one facet of GTI Vitality’s immense worth; they’re equally pushed by a mission to commercialize the applied sciences in order that they’ll influence the world.
“They’re a world-class collaborator with a mannequin that’s geared to speed up know-how growth and get it to market at scale. As we labored with GTI Vitality’s scientists and leveraged the group’s in depth R&D assets, we concurrently constructed our management group and began implementing our international enterprise technique. This made us extra agile and decreased our price constructions. Now, with the unique license, we will transfer quick to meet the potential of this breakthrough sustainable gas manufacturing resolution.”
Paula Gant, President and CEO, GTI Vitality mentioned:
At GTI Vitality, we worth collaborative partnerships with visionary leaders searching for to create disruptive improvements by scaling built-in know-how options to deal with consequential vitality challenges.
“We’re excited to work with Aether Fuels to leverage our foundational know-how to form low carbon, low-cost fuels options for decarbonizing international economies.”
* https://www.iea.org/energy-system/transport/aviation
* https://www.iea.org/energy-system/transport/international-shipping
About Aether’s Resolution: Aether’s gas is constituted of low-cost and ample waste carbon streams, resembling captured carbon dioxide, industrial waste gases, municipal strong waste, agricultural residues, and waste biomass. The corporate’s proprietary course of combines feedstock flexibility with most yield and slashes plant capital prices, enabling dramatically higher unit economics whereas additionally assembly stringent sustainability standards.
About Aether Fuels: Aether Fuels envisions a net-zero world enabled by its breakthrough sustainable liquid gas manufacturing know-how. We’re creating extremely scalable options that dramatically enhance the unit economics of manufacturing sustainable fuels for aviation and ocean delivery.
Established in 2022 as a spin-out of Xora Innovation, a deep-tech early-stage funding platform of Temasek, we keep principal workplaces within the U.S. and Singapore. For extra info, go to www.aetherfuels.com or observe us on LinkedIn.
About GTI Vitality: GTI Vitality is a number one know-how growth group. Our trusted group works to scale impactful options that form vitality transitions by leveraging gases, liquids, infrastructure, and effectivity. We embrace programs pondering, innovation, and collaboration to develop, scale, and deploy the applied sciences wanted for low-carbon, low-cost vitality programs.
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Aether Fuels and GTI Vitality Announce Partnership and Unique Licensing Deal, CHICAGO, Illinois, February 5, 2024
