Technip Energies invests in the United Airlines Ventures Sustainable Flight Fund
February 22, 2024
BY Technip Energies
Technip Energies announces a strategic investment in the United Airlines Ventures Sustainable Flight Fund. This innovative fund is strategically designed to leverage cross-industry support, providing start-ups working on sustainable aviation fuels (SAF) research, production and technology, with both financial and strategic capital.
This investment positions Technip Energies as the first strategic partner with Engineering, Procurement, and Construction capabilities in this Fund comprised of more than 20 corporate partners that make up all parts of the aviation supply chain – airlines, aircraft and engine manufacturers, fuel producers, financiers, travel management and more.
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."
Advertisement
The Fund represents a significant collaborative effort, drawing expertise from various sectors of the aviation industry, to propel forward the advancement of sustainable fuel solutions. Through this collective approach, the Fund aims to catalyze the transition to a more sustainable aviation sector.
Advertisement
Related Stories
U.S. exports of biodiesel and biodiesel blends of B30 or greater fell to 7,849.6 metric tons in February, according to data released by the USDA Foreign Agricultural Service on April 3. Biodiesel imports were at 21,964.9 metric tons for the month.
Neste and DB Schenker, a logistics service provider, have collaborated to work towards expanding DB Schenker’s adoption of Neste MY Renewable Diesel in Asia-Pacific. DB Schenker trialed the fuel from December 2024 to February 2025 in Singapore.
The International Air Transport Association has launched the Sustainable Aviation Fuel (SAF) Registry with its release to the Civil Aviation Decarbonization Organization. The registry is now live and under CADO management.
Varo Energy, a European energy company based in Switzerland, on March 31 announced an agreement to acquire Preem, a Sweden-based petroleum and biofuels company that is developing additional renewable diesel and SAF capacity.
Iowa’s Renewable Fuels Infrastructure Program on March 25 awarded nearly $3 million in grants to support the addition of E15 at 111 retail sites. The program also awarded grants to support two biodiesel infrastructure projects.
Upcoming Events
