Japan’s Zeon invests in Aether Fuels

Japanese conglomerate Zeon Corporation announced that it has invested in US-based sustainable aviation fuel technology developer Aether Fuels via is venture capital arm Zeon Ventures.

Zeon said that it will proactively identify new business opportunities in SAF sector.

The company said the investment in Aether will help Zeon explore business opportunities in SAF to accelerate the transition to a sustainable society. The two companies will also explore further collaboration opportunities.

Zeos said that its investment in Aether was due to the company’s conversion process to transform waste carbon into sustainable liquid fuels for the aviation and ocean shipping industries using its Aether Aurora technology.

The technology is characterised by lower capital expenditures and operating costs, improved yields, and flexible use of various types of waste carbon as feedstock.

Earlier in February, Aether Fuels signed a memorandum of understating with the Singapore Airlines Group for sale of neat SAF to the airline.

Under the agreement, the SIA Group will have access to neat SAF for five years from the date of commencement of commercial production at Aether Fuels planned sites in US and South East Asia.

The MoU also includes a clause to extend the agreement by another five years.