Southwest Airlines Acquires SAFFiRE Renewables
March 28, 2024
Southwest Airlines Co., through its wholly owned subsidiary Southwest Airlines Renewable Ventures LLC (SARV), has acquired SAFFiRE Renewables LLC to secure exclusive technology and advance development of scalable renewable ethanol that can be converted into sustainable aviation fuel (SAF). The acquisition moves Southwest from investor to sole owner of SAFFiRE and supports a pilot plant using SAFFiRE's NREL-licensed technology to process corn stover into renewable ethanol, with planned conversion to SAF by LanzaJet.
- Buyers
- Southwest Airlines Co., Southwest Airlines Renewable Ventures LLC (SARV)
- Targets
- SAFFiRE Renewables LLC
- Industry
- Renewable Energy
- Location
- Texas, United States
- Transaction Type
- Buyout
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