Company Research Report: Twelve™ Benefit Corporation
Company Overview
Name and Mission of the Company
- Name: Twelve™ Benefit Corporation
- Mission: Twelve is on a mission to build a fossil-free future through the science of carbon transformation. The company aims to eliminate emissions from the global supply chain and electrify chemical production using CO2 as the feedstock.
Founding Information
- Founded: 2015
- Founders: No specific information available on the founders.
Key People in the Company
- Mani Malatpure: Capital Projects Senior Project Manager
- Ashwin Jadhav: VP of Business Development
- Maisie Luce: Director of IT
- Other details on key personnel are limited.
Headquarters
- Location: Berkeley, California
Number of Employees
- No information is available.
Revenue of the Company
- No information is available.
What the Company is Known For
- Twelve is known for transforming CO2 into sustainable products through electrochemical processes, thereby reducing global CO2 emissions. They are pioneering in creating essential consumer and industrial products without the use of fossil fuels.
Products
Main Products Offered
1. CO2Made® Materials
- Description: Products made from CO2 that are fossil-free, carbon-negative, and maintain quality and performance comparable to conventional petroleum-based products.
- Key Features: Zero fossil fuels, zero new net emissions, identical in molecular structure to traditional products.
2. E-Jet® SAF (Sustainable Aviation Fuel)
- Description: A Power-to-Liquid e-fuel synthesized from CO2, water, and renewable energy.
- Key Features: Up to 90% lower emissions than conventional jet fuel, uses significantly less land and water than biofuels.
3. The Opus™ System
- Description: An industrial-scale CO2 Electrolyzer that uses CO2, water, and renewable energy to create essential hydrocarbons.
- Key Features: Seamlessly integrates into existing supply chains; can eliminate up to 10% of industrial emissions in hard-to-abate sectors.
4. The Stack
- Description: A CO2 transformation powerhouse that expands the electrochemical process, creating building blocks for electrochemicals.
- Key Features: Modular and scalable technology that leverages new levels of efficiency for CO2 utilization.
Recent Developments
New Products and Technological Developments
- Twelve is expanding its capacity to produce E-Jet® SAF at scale, with construction underway for the first commercial-scale plant in Washington state.
- They have initiated a significant partnership with companies like Alaska Airlines and are progressing towards a demo flight powered with E-Jet® fuels.
- Development of AirPlant™ One, Twelve's e-fuels production facility in Moses Lake, Washington, to facilitate large-scale production.
Partnerships and Agreements
- Twelve recently signed a partnership with Alaska Airlines and Microsoft to advance Sustainable Aviation Fuel goals.
- Additionally, Twelve and IAG entered into a historic long-term off-take agreement for their E-Jet® SAF.
Recognition and Awards
- Named one of Norrsken's Impact/100 for 2024, recognizing the startup's potential to change 1 billion lives.
- Featured as one of MIT Technology Review’s 2023 Climate Tech Companies to Watch.
Funding
- Twelve announced $645 million in funding led by TPG to transform CO2 into jet fuel and e-chemicals at scale.
Strategic Goals
- The company aims to position its E-Jet® production as a central strategy for reducing aviation emissions and influence the necessary shift from conventional fossil fuel usage globally.
Conclusion
Twelve™ Benefit Corporation is at the forefront of carbon transformation technology, promoting a shift towards a sustainable, fossil-free industrial future. With their innovative approach of turning CO2 and renewable energy into essential products, Twelve is setting new standards to address global carbon emissions challenges. Their current partnerships and technological advancements significantly contribute to sustainable innovation and highlight their impact in reducing reliance on petrochemicals.
