Overview
Air Company is a leading innovator in the realm of carbon conversion technology, based in Brooklyn, New York. Established in 2017 by Gregory Constantine and Dr. Stafford Sheehan, the company is at the forefront of transforming carbon dioxide (CO₂) into synthetic fuels and chemicals. Its mission is rooted in addressing global energy challenges and promoting energy independence through its unique technological advancements aimed at reducing greenhouse gas emissions.
Key Highlights
- Industry: Chemical Manufacturing
- Headquarters: Brooklyn, New York, United States
- Company Size: 51-200 employees
- Website: [aircompany.com](https://www.aircompany.com/)
Innovative Technology
Utilizing its proprietary AIRMADE™ Technology, Air Company converts CO₂ into carbon-negative chemicals and fuels. This includes the production of sustainable aviation fuels (SAF), notably the AIRMADE® SAF, a fully formulated jet fuel derived from CO₂ and hydrogen (H₂). This technology signifies Air Company's commitment to sustainable energy solutions.
Leadership Team
- Gregory Constantine: Co-Founder & CEO
Harvard Business School Alumnus. Recognized in Forbes 30 Under 30 and TIME Invention of the Year for his entrepreneurial achievements.
- Jackson Constantine: Vice President, Corporate Strategy & Development
Educated at the University of Technology Sydney, he plays a key role in business growth and strategic alliances.
- Lubo Zhou: VP of Research, Development & Engineering (RD&E)
Leads technological advancements from New York City. Recognized with accolades such as the Harper's Bazaar Beauty Icon Award.
- Stacey Adamson: Vice President, People & Culture
Brings diverse international experience to focus on organizational health and talent cultivation.
Financial and Strategic Growth
Funding
Air Company has raised a total of $173.2 million in multiple funding rounds, with a notable Series B round securing $69 million on September 18, 2024. Key investors include Alaska Air, Avfuel, Connecticut Innovations, and Duncan Aviation.
Partnerships and Achievements
Collaborations with major airlines, including JetBlue and Virgin Atlantic, underscore their commitment to sustainable aviation. Air Company's partnerships extend to pivotal government entities such as NASA and the U.S. Department of Defense's Defense Innovation Unit. The company has received numerous accolades, including the Green Chemistry Challenge Award from the EPA and was recognized in the World Economic Forum's UpLink Sustainable Aviation Challenge.
Contact
- Press Inquiries: [press@aircompany.com](mailto:press@aircompany.com)
Competitive Landscape
Air Company operates in a competitive environment with several key players specializing in carbon conversion and sustainable energy solutions. Below is an overview of primary competitors:
INERATEC
- Specialization: Production of e-fuels and synthetic chemicals to replace fossil crude oil using modular power-to-X plants.
- Headquarters: Karlsruhe, Germany
- Achievements: Secured €70 million for the largest e-fuel plant in Europe, with a production capacity of up to 2,500 tons.
Emvolon
- Focus: Conversion of greenhouse gas emissions into carbon-negative fuels and chemicals via repurposed car engines as chemical plants.
- Background: An MIT spin-off aiming to support industries such as maritime, aviation, and agriculture.
GAFT (Green Aviation Fuel Technology)
- Focus: Produces sustainable aviation fuel from CO2 without fossil fuels or food crops.
- Founded in 2019 and develops patented renewable jet fuel solutions.
Biosphere
- Focus: Biotechnology specializing in fermentation process development and manufacturing.
- Location: Italy
- Development: Expanded to a facility boosting laboratory and production capacities.
Technological and Market Insights
Competitors emphasize sustainability and innovation in recycling CO2 emissions into energy and chemical solutions. Market positioning strategies are aligned with the renewable energy sector's needs, focusing on aviation, maritime, and industrial domains. These entities experience growth through substantial financial investments and partnerships, such as INERATEC's collaboration with the European Investment Bank, offering insights into Air Company's strategic opportunities for collaboration or pathways for innovation.
