United Airlines invests $15 million in sustainable fuel program focusing on carbon capture.

Carbon

The boss of United Airlines, Scott Kirby, engaged in a conversation with Joann Muller at the What's Next Summit. A photograph of the event was taken by Ron Flores for Axios.

On Wednesday, United Airlines declared that they will be putting $15 million into backing a company that concentrates on carbon capture. The startup is creating technology that can possibly capture and compress CO2, which can then be utilized in the production of sustainable aviation fuel (SAF).

The way it operates: The filters created by Svante are intended to seize CO2 from industrial locations or the air. Afterward, the CO2 can be squeezed for feasible utilization in SAFs, or secluded beneath the ground.

Get up to speed fast: This is United's newest investment through their Sustainable Flight Fund which is a collaboration across multiple industries and worth millions of dollars. The goal is to provide support for startups and research focused on sustainable aviation fuel.

The CEO of United Airlines, Scott Kirby, shared during Wednesday's What's Next Summit that instead of solely purchasing SAF, they are allocating funds to invest in businesses that are constructing and advancing the industry.

The overall situation is that airlines and aircraft producers are facing enormous pressure to reduce their carbon footprint.

Agreed, however, it's crucial for the production of SAF to significantly and rapidly increase if we want to observe a noticeable change.

What's coming up: Initiatives to make aircrafts operate on electric power or hydrogen are in progress - but they are still in their beginning stages and experiencing considerable challenges.

Note of the editor: This article has been revised to show that United is putting $15 million into Svante, rather than the $5 million that was initially reported by the company.

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