Safran, through its Safran Corporate Ventures investment arm for high-tech startups, has teamed up with Engie New Ventures, Engie’s venture-capital subsidiary dedicated to innovative startups accelerating the energy transition, and with other partners—HTGF, MPC Capital, Extantia, Planet A and FO Holding—to invest in Ineratec, a young German firm offering technologies for the development and production of carbon-neutral synthetic fuels that could replace fossil fuels.
“This is a massive boost for the scale-up of our e-fuel production capacities, enabling us to strengthen our focus on further industrialization to achieve plant capacity on a megaton scale. We will provide sustainable, affordable e-fuels and materials for everyone,” said Tim Böltken, co-founder and managing director of Ineratec.
Safran’s investment is fully aligned with the company’s strategic roadmap for decarbonized aviation and reflects its full support for the accelerated development of sustainable aviation fuel production by energy companies.
“Safran is very committed to this field which is indispensable achieve the industry’s objective of becoming carbon-neutral by 2050. Ineratec’s leading-edge technologies will bolster the technical expertise needed to develop a certified process for aviation,” said Eric Dalbiès, Safran Senior Executive Vice President, Strategy, Technology and Innovation.
This investment will enable Safran to work on different technologies for sustainable fuels that can already be blended up to 50% with current fuels and will be 100% usable in ultra-optimized future-generation engines.
Engie New Ventures’ investment is driving development of a range of decarbonized fuels for heavy goods transportation while helping Engie to reach its goals for green hydrogen and CO2 reductions for its customers.
“We’re proud to be investing in a startup that combines innovation with the ambition of speeding the transition to net-zero carbon. Hydrogen and e-fuels will play a key role in decarbonizing heavy mobility such as maritime, railway or air transport” said Olivier Sala, Engie Vice-President, Research and Innovation.
“This investment is going to support Engie’s ambitious strategy of being able to produce 4 GW of green hydrogen by 2030.”
Click Here to read the latest issue of Asian Airlines & Aerospace
The Indonesian Navy is exploring interim submarine options from several countries to temporarily boost its fleet while awaiting the arrival…
British cargo airline One Air has added a third Boeing 747-400 freighter to its fleet, aiming to address increasing demand…
Embraer will present its commercial, defence, and executive aircraft at the Bali Airshow, held at Ngurah Rai International Airport from…
SITA has launched its cybersecurity hardening solution, SITA Managed NAC (Network Access Control). The solution is designed to safeguard mission-critical…
During a recent Congressional hearing on the Department of National Defense's (DND) budget for fiscal year 2025, Defence Secretary Gilberto…
Advanced air mobility company Joby Aviation has taken the first step towards becoming a certified air taxi operator in the…
The Civil Aviation Authority of Singapore (CAAS) and National Civil Aviation Agency – Brazil (ANAC) have signed a Memorandum of…
On Sept. 13, Embraer will bring together ten startups from all over Brazil to discuss innovation and ways to increase…
Aselsan, Türkiye's leading defence company, has announced eye-catching financial results for the first half of 2024. Revenues reached 35.7 billion…
The U.S. State Department has approved a potential sale of AIM-120C-8 Advanced Medium Range Air-to-Air Missiles (AMRAAM) to Singapore, valued…
Boeing has announced the scheduled 2026 launch of a satellite – dubbed Q4S – which is designed to demonstrate quantum…
American Airlines has announced nearly 500 new aviation maintenance jobs and additional lines of heavy maintenance work at the carrier’s…
Dirk Beljaarts, Minister of Economic Affairs of the Netherlands, and Pierre Eric Pommellet, Chairman and CEO of Naval Group, signed…
Britten-Norman has announced a new modification for its BN2B-26 Islander aircraft, allowing the use of unleaded fuel in the piston…
Challenge Group has earned the IATA CEIV Lithium Battery certification after six months of preparation, training, and audits. This new…
Vietjet Aviation Joint Stock Company (HOSE: VJC) has announced its audited financial results for the first half of 2024, showing…
Exail has entered into an agreement with Precision Technic Defence A/S to provide Advans Vega Inertial Navigation Systems (INS) for…
Ankara-based simulator manufacturer HAVELSAN has announced that its Boeing B737-8 MAX Full Flight Simulator, operated by Turkish Airlines, has obtained…
Japan Airlines (JAL) has become the first A350 operator globally to sign up with Airbus for the computer-based A350 Virtual…
L3Harris Technologies has received an order from the U.S. Marine Corps for multi-channel handheld and vehicular radio systems worth more…
Major General Piek Budyakto, Director General of Defence Potential at the Indonesian Ministry of Defence, led a technical meeting on…
Airbus Helicopters has secured a contract with the Republic of Iraq for the delivery of 12 H225M multi-role helicopters. The…
Exail has been selected by Naval Group to supply navigation systems for the French Navy's Ocean Patrol Vessels (OPVs) as…
BAE Systems Australia has selected spend management software from Ivalua to streamline and modernise its supply chain processes. The company…
Raytheon recently successfully demonstrated the SeaVue Multi-role Radar's superior long-range target detection at the U.S. Navy's Exercise Rim of the…
The U.S. Army has awarded the Javelin Joint Venture (JJV) a follow-on fiscal year 2024 production contract for Javelin© missiles…
Hurjet, Türkiye’s first indigenous jet-powered supersonic trainer aircraft, performed a demonstration flight earlier this week at the Egypt International Airshow.…
Embraer on Thursday delivered the first C-390 Millennium multi-mission aircraft to the Hungarian Air Force. The aircraft is the first…
At the Egypt International Air Show, the Egyptian Armed Forces announced that Lockheed Martin will supply two C-130J-30 Super Hercules…
Airbus Defence and Space has completed the acquisition of Infodas, a German company specialising in cybersecurity and IT solutions for…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.