United Airlines invests $5 million in technology for capturing carbon emissions.
United Airlines has proclaimed it will be investing an additional $5 million into technology that aims to capture carbon.
Svante is receiving financial support for its development of materials and technology used to transform CO2 that has been extracted from the air.
The goal is to transform it into fuel for airplanes that is sustainable.
The newest venture of the recent UAV Sustainable Flight Fund has been announced.
The airline strives to achieve an ultimate goal of being completely eco-friendly by eliminating 100% of its carbon emissions by the year 2050.
Up to now, United has put resources into the upcoming manufacturing of more than three billion gallons of SAF - surpassing all other airlines in the world.
According to the United Airlines CEO Scott Kirby, the technology to capture carbon has the capacity to become an important resolution in the battle against slowing or ending climate change.
Our strategy is to further develop this method by putting resources into businesses that have the capability to trap carbon dioxide, as well as those that have the ability to convert it into usable fuel.
As a component of Svante's Series E funding round, an investment was made to finance the establishment of a manufacturing facility for commercial-scale filters in Vancouver, British Columbia.
