The equity investment commitment will support Infinium’s Project Roadrunner, which will convert waste carbon dioxide and renewable power into low carbon eFuels, and has helped create deals with American Airlines and Citi.
According to a recent report from Sustainable Fitch, maritime shipping is struggling to decarbonize as alternative fuel options are reportedly economically unviable and remain in early stages of development.
The flight aims to prove the SAF’s viability as an option for decarbonizing air travel, but major government and private investment will reportedly be required to scale production toward meeting net-zero targets.
According to the company, it is the first business jet original manufacturer to fly on 100% SAF.
The company says the new Hub, located at its U.S. headquarters, marks the first step in launching its EV charging network across the continent.
For Toyota’s products, Redwood plans to use a minimum of 90% recycled materials, including nickel, lithium, and cobalt, for its cathodes and will use 100% recycled copper in its anode copper foil.
The company says the engine system, which has been previously able to operate on diesel, liquefied natural gas, and biofuels, allows for easy adoption of sustainable fuels.
The new product will reportedly fill demand for safe storage and handling of end-of-life lithium ion batteries, commonly used for EVs.
The company, which also has deals with Walmart, Zeeba, and Kingbee, and the state have made an agreement for the purchase of up to 1,000 EVs.
The testing confirmed the use of 100% SAF does not affect engine performance and pushes the aviation industry forward in its decarbonization efforts ahead of the first transatlantic 100% SAF flight.