Twelve is an Industrial Decarbonization company founded in 2015 and based in Berkeley, United States. It has raised $775M 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 |

Industry panel calls on airlines to increase investment in sustainable aviation fuel to boost production volumes.
Topsoe and Sasol partner on a $6.1B sustainable aviation fuel project in Uzbekistan.

Egypt launches its first national feasibility study for sustainable aviation fuel.

An EPC tender is issued for a 500 kt/yr SAF plant in Inner Mongolia, signaling large-scale sustainable aviation fuel buildout.
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.