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Overview
Twelve transforms carbon dioxide into hydrocarbons and other essential products that traditionally rely on fossil fuels. It uses a process modeled on industrial photosynthesis, combining CO2, water, and renewable energy to make hydrocarbons that can power fuels and serve as building blocks for materials. The company licenses its technology, sells CO2-derived products, and pursues joint ventures to scale solutions, aiming to fit into existing supply chains rather than just selling equipment. Its goal is to replace fossil fuels in industrial processes by delivering low-emission, CO2-based production pathways that support a circular carbon economy.
About Twelve
Industries
Industrial & Manufacturing
Energy
Aerospace
Consumer Goods
Company Size
201-500
Company Stage
Series C
Total Funding
$946.4M
Headquarters
Berkeley, California
Founded
2015
Simplify's Take
What believers are saying
- United Airlines invested in Twelve's AirPlant One producing 50,000 SAF gallons yearly.
- $645 million funding in September 2024 scales jet fuel and electrochemicals production.
- 14-year contract supplies 260 million gallons SAF to European airline group.
What critics are saying
- Prometheus Fuels captures SAF market share with superior catalyst efficiency in 12-24 months.
- LanzaTech secures larger airline deals, eroding Twelve's partnerships in 6-12 months.
- AirPlant One catalyst degradation prevents 50,000 gallons output in 6-12 months.
What makes Twelve unique
- Twelve's PEM CO2 electrolyzer produces syngas from CO2, water, and renewables.
- Industrial photosynthesis technology converts CO2 into jet fuel and plastics.
- Modular Opus system integrates into existing industrial systems seamlessly.
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Funding
Total Funding
$946.4M
Above
Industry Average
Funded Over
11 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↓ -1%2 year growth
↑ 1%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.
United Airlines (UAL) has invested in Twelve, a low-carbon fuels company, as part of its Sustainable Flight Fund, which has grown to over $200 million. This move aims to reduce aviation emissions by 90% by 2050. Despite this, UAL stock is not recommended for purchase due to tariff-induced uncertainties and high labor costs. UAL's 2025 EPS outlook varies significantly based on economic conditions, and the stock currently holds a Zacks Rank #5 (Strong Sell).
United's investment in Twelve follows an investment into the low-carbon fuels company's first SAF production facility.
United Airlines Ventures has invested in Twelve, a company that converts CO2 and water into sustainable aviation fuel (SAF) using renewable energy. This follows Twelve's $83 million Series C funding and project financing for its first SAF facility, AirPlant One, in Washington, set to produce 50,000 gallons of SAF annually. Twelve has a 14-year contract to supply 260 million gallons of SAF to a European airline. Their SAF could reduce emissions by up to 90% compared to conventional jet fuel.
Japanese shipping company Mitsui O.S.K. Lines (MOL) has invested in California-based Twelve Benefit Corporation, a developer of e-fuels. Twelve raised an additional $83 million in February, following a $645 million funding announcement last fall. MOL Switch, a US subsidiary of MOL, invested in Twelve in July 2024. Twelve's e-fuels, including E-Marine and E-Jet SAF, offer up to 90% lower lifecycle emissions. A commercial plant for E-Jet SAF is expected to launch in Washington, USA, later this year.
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About Twelve
Industries
Industrial & Manufacturing
Energy
Aerospace
Consumer Goods
Company Size
201-500
Company Stage
Series C
Total Funding
$946.4M
Headquarters
Berkeley, California
Founded
2015
There are no jobs for Twelve right now.
Find jobs on Simplify and start your career today