Saturday, February 17, 2024
Embraer has announced its participation in the United Airlines Ventures (UAV) Sustainable Flight Fund SM, a dedicated investment platform focused on advancing Sustainable Aviation Fuels (SAF) by backing innovative startups.
The fund, launched in February 2023, has expanded to include 22 corporate partners spanning various industries, pooling over $200 million in capital commitments alongside United Airlines. This collective investment aims to support startups dedicated to reducing carbon emissions within the aviation sector.
“Embraer is proud to join United Airlines Ventures Sustainable Flight Fund, which is aligned with our commitment to develop and support innovative solutions to address the growing need for a clean energy transition in aviation,” said Leonardo Garnica, head of corporate innovation at Embraer. “In a joint collaborative effort with our partners, we can accelerate large-scale SAF production as the aviation industry progresses toward the goal of net-zero emissions by 2050.”
Increasing the availability of SAF is pivotal in achieving aviation sustainability, given its potential to slash greenhouse gas emissions by up to 80% compared to conventional jet fuel. This objective aligns with Embraer’s commitment to achieving carbon-neutral operations by 2040.
Sustainability remains a cornerstone of Embraer’s business strategy. The company has conducted successful flight tests using 100% neat SAF and continues to explore avenues for minimizing its environmental footprint through strategic partnerships, innovation, and ongoing research and development into zero-emission alternative propulsion systems.
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