Volaris joins an investment agreement to accelerate Sustainable Aviation Fuel (SAF) production through CleanJoule
The investment aims to accelerate the production of Sustainable Aviation Fuel (SAF) worldwide through the North American startup CleanJoule.
- The investment aims to accelerate the production of Sustainable Aviation Fuel (SAF) worldwide through the North American startup CleanJoule.
- CleanJoule will utilize this investment to develop its technology for producing high-performance and cost-effective SAF from agricultural waste and organic residues.
- As part of the consortium's investment, Volaris, Frontier Airlines, and Wizz Air have agreed to acquire a total of 90 million gallons of SAF, with Volaris estimated to receive 30 million gallons.
- "The development of sustainable fuel has made significant progress but still faces challenges, such as achieving competitive and cost-effective production volumes, especially for airlines operating under the low-cost model.