United Airlines invests in Twelve
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Background ✨
Twelve secured USD83 million in Series C funding from various investors, including Amazon's Climate Pledge Fund and Mitsui & Co, to support its AirPlant One facility, which aims to convert CO2 into sustainable materials and fuels like E-Jet SAF1. Additionally, Twelve received USD645 million in funding, including project equity and credit facilities, to accelerate its goals of reducing emissions from aviation and completing the AirPlant One facility by 20252.