05-02-2024
Aether Fuels and GTI Energy to produce sustainable fuels from low-value and abundant waste streams
Aether Fuels and GTI Energy today announced a partnership and global exclusive licensing agreement to commercialize a scalable and economical solution to produce sustainable fuels from low-value and abundant waste streams. The fuels will help aviation and ocean shipping companies (which combined generate more than four percent of the world’s carbon emissions) achieve their net-zero ambitions. Aether is a venture-backed deep-tech climate company. GTI Energy is a non-profit technology development organization that creates innovative solutions for low carbon, low-cost energy systems.
The Research and Development (R&D) partnership began in 2022 between Aether and GTI Energy seeking to build on a gas-to-liquid (“GTL”) technology program initiated by GTI Energy in 2016. The GTL program combines innovations in chemistry (catalysts), equipment (reactors), and process flows to convert gaseous waste carbon streams, such as captured carbon dioxide, industrial waste gases, biogas and converted agricultural residues, into liquid hydrocarbons. The technology development is supported by $6 million in grants from the U.S. Department of Energy, as well as further investments by Aether, which recently announced a $9 million funding round.
Together, Aether and GTI Energy have developed a new concept built upon the original GTL program that has the flexibility to convert a wide range of carbon feeds while also producing more product at lower cost than existing approaches. The new solution has been demonstrated in an integrated pilot line at GTI Energy’s Chicago-area campus producing 1.5 gallons of sustainable fuels per day. A 100 gallon per day integrated pilot will start construction at this campus in March.
This announcement marks a shift from R&D led by GTI Energy to a new commercialization phase led by Aether’s team of experienced business and technology executives. The licensing agreement gives Aether exclusive global rights to certain key GTI Energy GTL technologies for producing sustainable liquid hydrocarbons. The partnership extends Aether’s R&D contract with GTI Energy and establishes a comprehensive technology transfer program under which Aether will progressively take over the further R&D to scale the new solution. As part of this program, the Aether team will work alongside GTI Energy counterparts, establishing an R&D Center to access GTI Energy’s world-class facilities and team and run the pilot lines.
“Incubating transformative technologies is just one side of GTI Energy’s immense value; they are equally driven by a mission to commercialize the technologies so that they can impact the world,” said Aether CEO, Conor Madigan. “They are a world-class collaborator with a model that is geared to accelerate technology development and get it to market at scale. As we worked with GTI Energy’s scientists and leveraged the organization’s extensive R&D resources, we simultaneously built our leadership team and started implementing our global business strategy. This made us more agile and reduced our cost structures. Now, with the exclusive license, we can move fast to fulfill the potential of this breakthrough sustainable fuel production solution.”
“At GTI Energy, we value collaborative partnerships with visionary leaders seeking to create disruptive innovations by scaling integrated technology solutions to address consequential energy challenges,” said Paula Gant, President and CEO, GTI Energy. “We are excited to work with Aether Fuels to leverage our foundational technology to shape low carbon, low-cost fuels solutions for decarbonizing global economies.”
News Category:
-
Air Liquide's innovative large scale CO₂ liquefaction technology, Cryocap LQ, has been selected by Stockholm Exergi, Stockholm’s energy company, to contribute ...
25-07-2024
-
Airbus to boost sustainable aviation fuel production through investment in LanzaJet
Airbus is investing in LanzaJet, a leading sustainable fuels technology company and producer, in line with its ambition to act as a catalyst for the global development ...
25-07-2024
-
Lhyfe, one of the world’s pioneers in the production of green hydrogen, today announced a partnership with Elyse Energy, a pioneer in the production of low-carbon molecules. ...
25-07-2024
-
Sempra Infrastructure announces EPC contract with Bechtel for Port Arthur LNG Phase 2
Sempra Infrastructure, a subsidiary of Sempra, today announced that Port Arthur LNG Phase 2 and Bechtel Energy (Bechtel) have signed a fixed-price engineering, procurement ...
25-07-2024
-
Airbus partners with Avolon to explore future of hydrogen aviation
Airbus has announced a new partnership with aircraft lessor, Avolon, to study the potential of hydrogen-powered aircraft, marking the very first collaboration of the ...
25-07-2024
-
PETRONAS acquires land for carbon capture and storage hub in Peninsular Malaysia
PETRONAS, through its subsidiary PETRONAS CCS Solutions Sdn Bhd ('PCCSS'), has signed a land rental agreement with Kuantan Port Consortium Sdn Bhd ('Kuantan Port') to ...
25-07-2024
-
Repsol and Iberia sign an agreement with Inditex to use 5% of SAF for the transport of its air cargo
Repsol and Iberia have signed an agreement with Inditex for the purchase of sustainable aviation fuel (SAF). The SAF used represents 5% of the fuel that Iberia uses to ...
25-07-2024
-
IPCEI funding approval paves way for progress at bp’s Lingen green hydrogen project
bp has been granted funding, provided jointly by BMWK and Lower-Saxony Government, as part of the European IPCEI Hy2Infra wave for a green hydrogen project in Germany. The ...
25-07-2024
-
DNV completes CCS directive guidance to facilitate sustainable CO2 storage in the EU economic area
DNV, the independent energy expert and assurance provider, has successfully supported the European Commission’s update of the four non-binding Guidance Documents (GDs) ...
24-07-2024
-
Newly commissioned terminal capacity expands availability of SAF at central and eastern US airports
Neste has commissioned terminal capacity at ONEOK’s terminal in Houston, Texas for blending and storing Neste MY Sustainable Aviation Fuel™. This is a major step ...
24-07-2024