AIR COMPANY

Today, we’re excited to announce that we have raised $69 million in our Series B funding round led by Avfuel, a leading global supplier of aviation fuel and services. The round was also supported by Lowercarbon Capital, IQT (In-Q-Tel), Alaska Airlines, Connecticut Innovations, Duncan Aviation, Jet Support Services, Inc. (JSSI), and the owners of Sheltair, among others. Existing investors Carbon Direct Capital, JetBlue Ventures and Toyota Ventures also participated in the financing. With this raise, we will further accelerate the development of our proprietary AIRMADE™ Technology to meet the increasing demand for clean fuels in both commercial and government sectors. This will include massive advancements toward large-scale production of our fully formulated AIRMADE® SAF, a CO2-derived sustainable aviation fuel. We’re looking forward to continuing our journey of paving the way to global energy security by transforming CO2 into a valuable resource. Learn more here: https://lnkd.in/eby9x4Z5

“At a time when more rockets are launching into space than ever before, we want to show that there are more sustainable production methods to make the fuel needed, not only for rockets but across industries. It’s exciting to think about the possibilities.” — Gregory Constantine We're working on a carbon dioxide hydrogenation technology that NASA can use to produce sustainable rocket fuel. We’re focused on the research and development of the fuel—more specifically on the paraffins—to ensure it can properly scale and meet the property and chemical requirements of fossil fuel-derived rocket fuel. New York University is a collaborator on the project. Our work with NASA doesn’t stop at sustainable rocket fuel. Over the years, we have worked with them on various projects, including the Deep Space Food Challenge and CO2 Conversion Challenge, which focused on producing single-cell proteins and sugar molecules from CO2. These innovations could enable astronauts to produce food, medicine, vitamins and construction materials using only local resources on Mars or during exceptionally long space journeys. Learn more about our work with NASA on AIR.Index at https://lnkd.in/ey4Bd6N6 Note: this rendering is purely conceptual.

Heading to Sustainable Brands 2024? Don't miss our Head of Marketing's panel discussion on October 16th!

Serving as a technical expert on the International Civil Aviation Organization Fuels Task Group on behalf of AIR COMPANY is one of the most rewarding parts of my job. Last week, we wrapped up the last meeting of an intensive three-year cycle, and it’s inspiring to see the amount of progress we were able to make during this time, especially on eSAF. I am grateful for the opportunity to work with so many dedicated technical experts and government representatives from around the world. Rapid progress is possible through collaboration when everyone is working towards the same goal of decarbonization. I’ve never felt more excited about the future eFuels and its role in the clean energy transition! A special thank you for this productive CAEP cycle to Bruno Silva Anna Oldani Daniel Brousse Rivas Matteo Prussi Robert Malina Jon Albert Obnamia Kristin Lewis Florian Allroggen Glenn Johnston

Our Director of Regulatory Affairs and Quality in Aviation, Mark Rumizen, went on the ASTM International Standards Impact podcast to talk about all things alternate fuels, otherwise known as sustainable fuels. “Our focus [at AIR COMPANY] is on a drop-in fuel because there are 10+ thousand big airliners out here. The economic capital tied up in those airliners is enormous, and the design life of an airliner is 30-40 years. So the fleet is not going to change—that legacy fleet—so you need a fuel that fits that legacy fleet. You can't change the legacy fleet to operate on a new fuel, and that's what brings us back to what I said: drop-in fuels. So that's why aviation is really unique. When we talk about alternative fuels or sustainable fuels for aviation, the hardest thing to grasp is that if you put them in a beaker and analyze them, they would be exactly the same [as conventional jet] fuel.” Listen to the full episode: https://lnkd.in/eJfWam7z

Our co-founder and CTO, Staff Sheehan, was featured on the latest episode of #PodCAT, where he discusses green hydrogen, how we source carbon dioxide and our focus on sustainable aviation fuel. Listen to the full episode here: https://lnkd.in/e2EduunG

“[Our consumer] products were really great educational tools for us. They allowed our teams to continue to work on technology…and monetize our research and development while we scaled…to bring us to where we are today—transitioning the technology to be focused on the future of fuel, namely aviation.” — Gregory Constantine Leaders on a Mission featured our co-founder and CEO on their latest podcast episode, “Carbon Conversion & Sustainable Space Exploration: The New Era of Aviation.” Listen here: https://lnkd.in/e3yjXzrP

We're hiring for three positions on our RD&E team. Come join us!  Open roles: Process Operator III Pilot Plant Design & Maintenance Engineer Principal Engineer, Process Design Apply here: https://lnkd.in/eC7GC6Hf

This summer, AIR COMPANY had the opportunity to partner with Black Girl Environmentalist on the inaugural Hazel M. Johnson Fellowship. Named after the mother of environmental justice, the Hazel M. Johnson Fellowship is a 10-week paid climate internship program focusing on increasing opportunities for emerging leaders of color to learn about, engage with and enter the environmental and climate sectors with adequate funding, mentorship, and community building. The program included weekly professional development workshops, an on-site mentor, networking opportunities with environmental leaders and an end-of-summer retreat. AIR COMPANY served as the partner host for Semawit Ayele. She joined our team as an intern in the Innovation Team, working out of our lab space in Brooklyn. There, she was immersed in various projects related to converting CO2 to sustainable aviation fuels, including catalysis and fuel development. Semawit also participated in the AIR Scholars program, our annual summer high school internship program, as a mentor for this year's cohort. Semawit came to AIR COMPANY with great enthusiasm and a desire to learn about our technology. She demonstrated exceptional dedication and hard work. She was an excellent addition to our team, helping drive projects forward by working alongside our scientists and technicians. Read more about this program: https://lnkd.in/eifwi9YE