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| Jul 8, 2021 |
| Series A |
| $57M |
| — |
| Capricorn Investment Group, Carbon Direct Capital Management |
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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 US 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.