Development Bank of Japan (DBJ) has invested in Twelve Benefit Corporation, a US-based startup commercialising low-carbon electrofuels through CO2 electrolysis. Twelve's Opus carbon transformation technology converts CO2, water, and renewable energy into hydrocarbons for chemicals, materials, and fuels. The company is building its first commercial demonstration-scale plant in Washington State, set to begin operations in 2025. Twelve has secured offtake agreements with Alaska Airlines and IAG for its E-Jet SAF, a drop-in aviation fuel with up to 90% lower lifecycle emissions than fossil-based alternatives. Other investors in this funding round include Toppan Global Venture Partners, Mitsui O.S.K. Lines, Mitsui & Co., and Advantage Partners.

Twelve has opened AirPlant One in Moses Lake, Washington, the first commercial-scale facility in the US to produce E-Jet fuel from CO₂, renewable electricity and water. Alaska Airlines and Microsoft joined the ribbon-cutting ceremony, marking the beginning of commercial production of the power-to-liquid sustainable aviation fuel. The facility produces ASTM-certified jet fuel that requires no modifications to aircraft or infrastructure. Alaska Airlines will operate regular domestic flights using E-Jet SAF from the plant, which delivers up to 90% lower lifecycle CO₂ emissions compared to conventional jet fuel. AirPlant One also produces E-Naphtha, a chemical building block for everyday products. Twelve raised $645 million to support the project, with Microsoft investing through its Climate Innovation Fund and committing to purchase SAF through an offtake agreement.

United Airlines has invested in Twelve, a startup developing sustainable aviation fuel that could cut pollution by up to 90% compared to current fuels. Twelve plans to produce 50,000 gallons annually at a new plant in Moses Lake, Washington. This investment supports United's goal of reducing aviation's 2.5% contribution to global CO2 emissions. The initiative aligns with efforts to transition the industry to a sustainable future and meet net-zero targets.