Twelve, a leading carbon transformation company, has raised an additional $83 million in Series C and project funding, bringing its total capital to $728 million. This new funding supports the company’s mission to replace fossil fuels with CO2-derived materials, with a focus on scaling its innovative carbon conversion technology, Opus™.
Advancing Carbon Transformation with Strategic Partnerships
The funding round saw participation from new and existing investors, including Amazon’s Climate Pledge Fund, Mitsui & Co., the Development Bank of Japan, and the Coca-Cola Sustainability Fund, which is managed by Greycroft. These investments will specifically support the development of Twelve’s AirPlant™ One facility, where the company’s proprietary Opus™ technology will be used to convert CO2 into sustainable aviation fuel (E-Jet®) and other critical materials.
Twelve’s approach, dubbed “industrial photosynthesis,” transforms CO2, water, and renewable energy into usable chemicals, fuels, and materials, offering a solution to the ongoing challenge of reducing global carbon emissions.
Scaling Impact Across Key Industries
This funding injection accelerates Twelve’s efforts to expand carbon transformation technologies across a variety of industries, including aviation, shipping, and manufacturing. As the company continues to scale its operations, the additional capital will help develop a fossil-free future by providing industries with cleaner alternatives to traditional fossil fuel-based products.
Twelve emphasized the significance of this milestone, stating, “We’re proving that the future isn’t just imagined—it’s being built today. A world made from air™ is within reach.”
Strategic and Long-term Growth
The involvement of strategic partners like Amazon, Mitsui, and Coca-Cola highlights the broader industry support for Twelve’s technology and its potential to revolutionize sustainability efforts globally. With the backing of high-profile investors and a growing network of collaborators, Twelve is laying the foundation for long-term growth and a cleaner, more sustainable future.
As part of its broader vision, Amazon’s Climate Pledge Fund expressed its enthusiasm for Twelve’s potential, stating, “Twelve’s ability to convert CO2 into chemicals, materials, and fuels is a critical step toward eliminating global emissions.”
With its robust financial backing and innovative technology, Twelve is positioning itself at the forefront of the push to create a carbon-neutral future.
C02 CONVERSION PLANT ILLUSTRATION PICTURE BY STOCKCAKE
