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Twelve
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Developer of an electrochemical process that recycles carbon dioxide into synthesis gas for chemicals and fuels

Founded in 2015
Founded in

Company type Private Public ()
Company type

Industry Group materials & chemicals

Sector carbon capture usage & storage (ccus)

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Berkeley, CA Berkeley, United States
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Updated by at on 08/13/2024

Edited by Cleantech Group on 01/29/2025

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Date Company
02/28/2024

International Airlines Group (IAG) International Airlines Group (IAG)

Twelve will supply IAG with 260 millions gallons of ethanol-based sustainable aviation fuel (eSAF) over the next 14 years.

Confirmed by International Airlines Group (IAG)

Partnerships
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Date Partner Type
05/03/2023
Emerging Fuels Technology Emerging Fuels Technology
Agreement will support Twelve’s scaleup of its E-Jet fuel produced using the company's carbon transformation technology in combination with EFT’s Fischer-Tropsch synthesis and Maxx Jet upgrading technology.
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Confirmed by Emerging Fuels Technology
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IPO INFORMATION

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Description

Date Investors Type Amount
09/19/2024 TPG Rise Climate TPG Rise Climate (1)
Post-money valuation of
Funding will be used to realize its sustainable aviation fuel plant in Washington, US that is expected to be operational in 2025.
Project Finance $400,000,000
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