Latest news with #SaffireRenewables
Skift
5 days ago
- Business
- Skift
Southwest Airlines Sells Its Clean Jet Fuel Business
Southwest Airlines has sold its renewable energy business to Conestoga, the carrier confirmed to Skift Thursday, a deal that covers Saffire Renewables, a Southwest subsidiary acquired in 2024. It includes its intellectual property, certain technologies, a planned pilot sustainable aviation fuel (SAF) production facility, and key leadership team members. Saffire started as a startup making renewable ethanol from corn stover, the leftovers of corn plants after harvest, which can then be turned into jet fuel.
Bloomberg
5 days ago
- Business
- Bloomberg
Southwest Airlines Sells Renewable Unit in Retreat From Climate Goals
Southwest Airlines Co. sold a renewable fuels unit to Conestoga Energy as the carrier scales back its climate-focused initiatives following years of little progress by the industry. Conestoga, a leading provider of low-carbon intensity biofuel, announced its purchase of Saffire Renewables LLC from Southwest Airlines Renewable Ventures for an undisclosed price on Thursday. The acquisition includes all intellectual property and related technologies, key leadership team members, and a proposed pilot facility in Kansas to produce sustainable aviation fuel, known as SAF.
