Alder Fuels: Sustainable Aviation Fuel Companies
A clean tech company that is pioneering groundbreaking technologies in producing sustainable aviation fuel is Alder Fuels at scale by converting forest and crop waste into a crude oil that can be used to produce aviation fuel. According to the US Department of Energy (DOE), the amount of forestry and agricultural residues of the country could be enough to generate more than 17 billion gallons of sustainable jet fuel that would displace almost three-quars of the US aviation fuel consumption. Alder Funds aims at developing technologies that would allow it to produce a carbon-negative fuel that could entirely replace petroleum jet fuel. One of the biggest investors in the company’ SAF is, once again, United Airlines, which pledged to purchase 1.5 billion gallons as part of the largest publicly announced SAF agreement in aviation history.