Under the Memorandum of Understanding (MOU)
agreement Twelve will also work with the companies toward a
demonstration flight proving viability of commercial use of e-fuel,
and to provide low carbon jet fuel for Microsoft's business travel
on Alaska
BERKELEY, Calif and SEATTLE, July 14,
2022 /PRNewswire/ -- Carbon transformation company
Twelve, Alaska Air Group Inc. (NYSE: ALK), and Microsoft Corp.
(Nasdaq: MSFT) have signed a Memorandum of Understanding (MOU) to
collaborate on advancing the market for sustainable aviation fuels
(SAF) to include fuels derived from recaptured CO2 and
renewable energy, and working toward the first commercial
demonstration flight in the United
States powered by Twelve's E-Jet®.
Through the first-of-its-kind agreement, Twelve, Alaska, and Microsoft will work to
advance production and use of Twelve's E-Jet®, a
low carbon jet fuel produced by a power-to-liquids process
leveraging the company's carbon transformation technology, which
uses only renewable energy, water, and CO2 as inputs to
transform CO2 into a variety of critical chemicals and
materials conventionally made from fossil fuels. As part of the
work outlined to advance the scalability and use of the technology,
the companies will work toward a demonstration flight using
E-Jet®, and to supply the fuel to address some of
Microsoft's business travel on Alaska.
"By producing our drop-in E-Jet® fuel from
captured CO2, we can rapidly and efficiently close the
carbon cycle and allow businesses to sustainably use emissions to
power their own business travel,". said Nicholas Flanders, Co-Founder and CEO of Twelve.
"Partnering with progress-minded brands like Alaska Airlines and
Microsoft adds thrust as we work towards delivering
industrial-scale volumes of E-Jet®."
"Alaska is on a path to net
zero by 2040, which will require sustainable aviation fuels like
Twelve's E-Jet®," said Diana
Birkett Rakow, senior vice president of public affairs and
sustainability at Alaska Airlines. "We are committed to making SAF
more widely available, at an affordable price, helping bring new
alternatives to market, and using these fuels in our operation – a
path that requires public policy action and private partnerships
like this one. We're excited to work with Twelve and Microsoft to
advance Twelve's E-Jet® fuel, turning captured
CO2 and renewable energy into fuel for our
airplanes."
"Addressing emissions from the economy's hardest-to-abate
sectors, such as aviation, will take commitment from all
stakeholders," said Elizabeth
Willmott, Carbon Program Director at Microsoft. "Building on
our Climate Innovation Fund investment in Twelve and relationship
with Alaska Airlines, this collaboration provides an
opportunity to accelerate decarbonization in the aviation industry
by exploring how to use low carbon fuels produced by
renewable electricity, like Twelve's E-Jet®."
Produced using Twelve's carbon transformation technology and in
partnership with Emerging Fuels Technology,
E-Jet® is a fuel with over 80 percent lower
lifecycle emissions. Transitioning to E-Jet will not only reduce
reliance on fossil fuels but will release fewer particulates and
reduce impacts on neighboring communities. In March, Shopify, one
of the largest corporate purchasers of long-term carbon removal,
announced the first purchase of E-Jet® through the
company's Sustainability Fund.
SAF is a core part of Alaska's
five-part pathway to net zero by 2040. Since 2010, Alaska has worked with various public and
private partners to advance public policies needed to jumpstart the
nascent SAF market, create new offtake agreements and cultivate
partnerships to accelerate market development. Alaska was also a founding member of the
Aviators Group of the Sustainable Aviation Fuel Buyers Alliance,
announced at COP26, bringing an
operator's perspective to collaborations driving demand and
supply.
About Alaska Airlines
Alaska Airlines and our regional partners serve more than 120
destinations across the United
States, Belize,
Canada, Costa Rica and Mexico. We emphasize Next-Level Care for our
guests, along with providing low fares, award-winning customer
service and sustainability efforts. Alaska is a member of the oneworld global
alliance. With the alliance and our additional airline partners,
guests can travel to more than 1,000 destinations on more than 20
airlines while earning and redeeming miles on flights to locations
around the world. Learn more about Alaska at news.alaskair.com. Alaska Airlines
and Horizon Air are subsidiaries of Alaska Air Group (NYSE:
ALK).
About Twelve
Twelve is the carbon transformation company, a new kind of
chemical company built for the climate era. We make essential
products from air, not oil. Our groundbreaking technology
eliminates emissions by transforming CO2 into critical
chemicals, materials and fuels that today are made from fossil
fuels. We call it carbon transformation, and it fundamentally
changes how we can address climate change, reduce emissions and
reverse the carbon imbalance. Reinventing what it means to be a
chemical company, we're on a mission to create a climate positive
world and a fossil free future through the power of chemistry.
Learn more at www.twelve.co.
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SOURCE Alaska Airlines