Category: Alder
Biden Administration Advances the Future of Sustainable Fuels in American Aviation
It is an honour to announce that Alder Fuels, our energy portfolio company, will be part of the transformative sustainability program led by The White House supporting the de-carbonisation of the aviation sector. We look forward to contributing our expertise in this alliance, in our common effort creating a more sustainable future in aviation and addressing the global climate crisis.
The White House
New Actions Aim to Produce Three Billion Gallons of Sustainable Fuel, Reduce Aviation Emissions by 20% by 2030, and Grow Good-Paying, Union Jobs
Today, President Biden is taking steps to coordinate leadership and innovation across the federal government, aircraft manufacturers, airlines, fuel producers, airports, and non-governmental organizations to advance the use of cleaner and more sustainable fuels in American aviation. These steps will help make progress toward our climate goals for 2030 and are essential to unlocking the potential for a fully zero-carbon aviation sector by 2050. Today’s executive actions across the U.S. Department of Energy (DOE), U.S. Department of Transportation, US Department of Agriculture (USDA) Agricultural Research Service (ARS), United States Department of Defense, NASA – National Aeronautics and Space Administration, US General Services Administration, Federal Protective Service, and the US Environmental Protection Agency (EPA) will result in the production and use of billions of gallons of sustainable fuel that will enable aviation emissions to drop 20% by 2030 when compared to business as usual.
In support of Airlines for America’s new 2030 goal, several airlines have made specific pledges to ramp up use of SAF and advance sustainability across their operations:
- United Airlines announced a new goal to reduce its carbon emissions intensity 50% compared to 2019 in by 2035. United Airlines and Honeywell also announced a new multi-million-dollar investment in Alder Fuels to produce carbon-negative sustainable aviation fuel at scale. Under the agreement, Honeywell and Alder Fuels will jointly commercialize the technology that could demonstrate greater than 100% lifecycle GHG emissions reductions for aviation fuel. United Airlines has committed to purchasing 1.5 billion gallons of this new SAF over the next 20 years.
To learn more, visit The White House’s website here.
We are very proud to welcome United Airlines and Honeywell UOP to our portfolio company Alder Fuels. Together, we will combine our expertise and resources to continue advancing the path to sustainability in aviation. Our goal is to leverage innovative technologies to achieve the large-scale commercialization of sustainable aviation fuel (SAF).
United Hub
United agrees to purchase 1.5 billion gallons of sustainable aviation fuel (SAF) over 20 years - which is one and a half times the size of the rest of the world's airlines' publicly announced SAF commitments combined
United and Honeywell today announced a joint multimillion-dollar investment in Alder Fuels – a cleantech company that is pioneering first-of-its-kind technologies for producing sustainable aviation fuel (SAF) at scale by converting abundant biomass, such as forest and crop waste, into sustainable low-carbon, drop-in replacement crude oil that can be used to produce aviation fuel. When used together across the fuel lifecycle, the Alder technologies, coupled with Honeywell’s Ecofining™ process, could have the ability to produce a carbon-negative fuel at spec with today’s jet fuel. The goal of the technologies is to produce fuel that is a 100% drop-in replacement for petroleum jet fuel.
“Alder’s technology revolutionizes SAF production by enabling use of widely available, low-cost and low-carbon feedstock. The industry is now a major step closer to using 100% SAF with our drop-in fuel that accelerates the global transition to a zero-carbon economy.” – Bryan Sherbacow, CEO of Alder Fuels and senior advisor to World Energy, the company that owns and operates the world’s first SAF refinery.
For further information, please visit United’s website here.
We are very proud to welcome United Airlines and Honeywell UOP to our portfolio company Alder Fuels. Together, we will combine our expertise and resources to continue advancing the path to sustainability in aviation. Our goal is to leverage innovative technologies to achieve the large-scale commercialization of sustainable aviation fuel (SAF).
United Hub
United agrees to purchase 1.5 billion gallons of sustainable aviation fuel (SAF) over 20 years - which is one and a half times the size of the rest of the world's airlines' publicly announced SAF commitments combined
United and Honeywell today announced a joint multimillion-dollar investment in Alder Fuels – a cleantech company that is pioneering first-of-its-kind technologies for producing sustainable aviation fuel (SAF) at scale by converting abundant biomass, such as forest and crop waste, into sustainable low-carbon, drop-in replacement crude oil that can be used to produce aviation fuel. When used together across the fuel lifecycle, the Alder technologies, coupled with Honeywell’s Ecofining™ process, could have the ability to produce a carbon-negative fuel at spec with today’s jet fuel. The goal of the technologies is to produce fuel that is a 100% drop-in replacement for petroleum jet fuel.
“Alder’s technology revolutionizes SAF production by enabling use of widely available, low-cost and low-carbon feedstock. The industry is now a major step closer to using 100% SAF with our drop-in fuel that accelerates the global transition to a zero-carbon economy.” – Bryan Sherbacow, CEO of Alder Fuels and senior advisor to World Energy, the company that owns and operates the world’s first SAF refinery.
For further information, please visit United’s website here.
