Volaris joins an investment agreement to accelerate Sustainable Aviation Fuel (SAF) production through CleanJoule
Source: Volaris Volaris, the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, announces a $50 million investment agreement alongside Indigo Partners, GenZero, Cleanhill Partners, Frontier Airlines, and Wizz Air. 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. According to the International Air Transport Association (IATA), SAF, with its lower carbon footprint, could potentially contribute up to 65% of the emissions reductions required for the aviation sector to achieve zero emissions by 2050. As part of the consortium's investment, Volaris, Frontier Airlines, and Wizz [...]