United Airlines Venture and Honeywell to invest in Alder Fuels.

United Airlines Venture, a venture capital firm, and Honeywell, a company that delivers industry-specific solutions that include aerospace products and services, agreed to invest in Alder Fuels, a process technology and project development company in the low-carbon energy industry. Financial terms were not disclosed. "Aviation poses one of the greatest technology challenges for addressing climate change and SAF has demonstrated the greatest potential. However, there is insufficient raw material to meet demand. Alder's technology revolutionizes SAF production by enabling use of widely available, low-cost and low-carbon feedstock. The industry is now a major step closer to using 100% SAF with our drop-in fuel that accelerates the global transition to a zero-carbon economy," Bryan Sherbacow, Alder Fuels CEO.