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Aether Fuels has raised $ 30.4 million of a $ 34.3 million round , according to an SEC filing .
The e - fuel startup is working on produce fuel for aviation and nautical merchant vessels using carbon dioxide and other waste carbon streams . The fresh round of drinks would give the company ’s banking concern calculate a healthy bump;Aether Fuelshad previously raised $ 8.5 million via translatable notes in former 2023 .
The inauguration was spin out of Xora Innovation , an former - stage , deep - tech incubator run by Temasek . A company interpreter did not immediately respond to a request for comment .
Since then , Aether Fuels has been working to refine its engineering . The ship’s company says that its engineering science can use carbon copy from a range of permissive waste streams , include industrial pollution , methane from landfills and leftover industrial plant debris from farms .
Not much is publicly known about exactly how Aether Fuels converts carbon copy dioxide to fuel , though apatent applicationfiled in January suggests the troupe is exploring one avenue that involves using natural gasolene . The process gasify hearty thriftlessness , blends it with rude gas and then transforms the mix into a smooth fuel ( with any waste material carbon dioxide captured along the way ) .
In February , itannounceda lot that gave it access to a flatulence - to - melted program started by GTI Energy , a rude gas nonprofit .
Airlines and nautical shipping companies have been pursuing bio - derive sustainable aviation fuel ( SAF ) and tocopherol - fuel as a way to decarbonize their energy - intensive industries . However , those drive have been nascent at best . The amount of SAF produced today , for example , only amounts toless than 0.1%of full function , and SAF is a much more matured industry than due east - fuel .
