Thursday, February 22, 2024
Technip Energies (PARIS:TE) has unveiled a pivotal move, announcing its strategic investment in the United Airlines Ventures Sustainable Flight Fund. This pioneering fund stands as a beacon of innovation, meticulously crafted to harness cross-industry support. Its mission: to nurture start-ups dedicated to Sustainable Aviation Fuels (SAF) research, production, and technology by providing not only financial backing but also invaluable strategic capital.
With this investment, Technip Energies secures its position as the inaugural strategic partner boasting Engineering, Procurement, and Construction capabilities within the Fund. This consortium comprises over 20 corporate partners spanning every facet of the aviation supply chain – from airlines to aircraft and engine manufacturers, fuel producers, financiers, and travel management entities.
Arnaud Pieton, CEO of Technip Energies, commented: “By joining the United’s Sustainable Flight Fund, Technip Energies reaffirms its commitment to addressing one of the industry’s critical challenges: the current lack of industrial-scale solutions to meet the market demand for Sustainable Aviation Fuel (SAF). By bringing our engineering expertise, technology scale-up capabilities and global project delivery know-how, we join the journey of accelerating the supply to meet the increasing demand for SAF, aligning with the net-zero trajectory.”
The Fund epitomizes a monumental collaborative endeavor, pooling expertise from diverse sectors of the aviation industry to drive forward the development of sustainable fuel solutions. Through this synergistic approach, the Fund endeavors to ignite the transition towards a more eco-conscious aviation sector.
Saturday, April 27, 2024
Saturday, April 27, 2024
Saturday, April 27, 2024
Saturday, April 27, 2024
