Embraer has announced its participation in the United Airlines Ventures Sustainable Flight Fund, launched in Feb 2023, with 22 corporate partners, committing over $200 million in capital for in startups decarbonizing the air travel ecosystem.
Embraer, the Brazilian aerospace company, has announced its participation in the United Airlines Ventures (UAV) Sustainable Flight Fund, an investment initiative aimed at advancing Sustainable Aviation Fuels (SAF) by supporting innovative startups. The fund, launched in February 2023, has now grown to include 22 corporate partners, committing over $200 million in capital to invest in startups dedicated to decarbonizing the air travel ecosystem. The availability of Sustainable Aviation Fuels plays a crucial role in achieving aviation sustainability, as these fuels can reduce greenhouse gas (GHG) emissions by up to 80% compared to conventional jet fuel. Enhancing SAF availability is a key target for Embraer, as it works toward achieving carbon-neutral operations by 2040.
Embraer’s dedication to sustainability is integrated into its business strategy. The company has conducted successful flight tests using 100% neat SAF and continues to explore ways to minimize its environmental impact through strategic partnerships, innovation, and research and development on zero-emission alternative propulsion systems.
“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, 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,” he further added.
The UAV Sustainable Flight Fund is a groundbreaking investment vehicle designed to garner support from cross-industry businesses for startups focused on decarbonizing air travel through SAF research, technology, and production. The fund, comprised of more than $200 million in investment commitments, includes corporate partners such as Air Canada, Boeing, Google, Honeywell, and now Embraer, among others.
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As the aviation industry seeks to address the environmental impact of air travel, partnerships and collaborative efforts like the Sustainable Flight Fund are essential in driving innovation and accelerating the adoption of sustainable practices. Embraer’s involvement in the fund underscores its commitment to playing a role in the industry’s transition toward more sustainable and eco-friendly aviation solutions.
Question- What is the goal of the Sustainable Flight Fund?
Answer- To accelerate the development and production of Sustainable Aviation Fuels (SAF) for cleaner air travel.
Question- Why is Embraer joining the fund?
Answer- To support SAF and achieve carbon-neutral operations by 2040, aligning with their sustainability strategy.
Question- How much is the fund aiming to raise?
Answer-Over $200 million, with commitments from 22 corporate partners including Embraer.
Question- What role will Embraer play in the fund?
Answer- Embraer will support startups developing SAF research, technology, and production.
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