Twelve is an Industrial Decarbonization company founded in 2015 and based in Berkeley, United States. It has raised $645M in total funding, most recently a Series C in 2024.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Sep 19, 2024 | Series C | $645M | — | TPG Rise Climate |
| Jun 15, 2022 | Series B | $130M | — | DCVC, Capricorn Investment Group |

An EPC tender is issued for a 500 kt/yr SAF plant in Inner Mongolia, signaling large-scale sustainable aviation fuel buildout.
Nature publishes a study mapping feedstocks and conversion pathways for scaling sustainable aviation fuel production globally.

Frontier coalition raises $915M for carbon removal purchases and adds Anthropic as a member.

Twelve opens the first US facility producing sustainable aviation fuel from CO2 in Washington state.
Carbon-made sustainable aviation fuel (SAF) produced by electrochemically converting CO2, water, and renewable electricity into liquid hydrocarbon fuel chemically equivalent to conventional jet fuel. E-Jet reduces lifecycle carbon emissions by up to 90% versus fossil jet fuel and requires no engine modification. Twelve's AirPlant One facility in Moses Lake, Washington began SAF production in 2025 and supplies Alaska Airlines and U.S. Air Force customers under offtake agreements.
A portfolio of industrial chemicals — including polymers, surfactants, and solvents — made from CO2 feedstock via Twelve's proprietary electrocatalysis process instead of fossil fuels. The same CO2-to-syngas conversion platform used for E-Jet can produce ethylene, propylene, and other petrochemical building blocks. E-Chemicals extend Twelve's carbon transformation technology into industries that lack electrification pathways, capturing a broader decarbonization market beyond aviation.