Sustainability and Environment
SAF Startup Scores $22M in Development Funding
OXCCU, a new entrant into the sustainable fuel production arena, has earned funding to scale up its novel production process.
OXCCU founder and CEO Andrew Symes in test lab holding vial with tablets
OXCCU founder and CEO Andrew Symes believes his company has a breakthrough in technology that converts CO2 into green jet fuel. (Photo: OXCCU Tech)

Sustainable fuel startup OXCCU Tech has secured $22.7 million in funding as it looks to scale up its technology to convert carbon dioxide and hydrogen into renewable fuels, including sustainable aviation fuel (SAF).

A spin-off company from Oxford Unversity, OXCCU has developed technology that transforms the traditional e-fuel production from a capital-intensive, two-step process to a single step. The company said this simplified process results in a significant reduction in “SAF cost due to higher selectivity yield in the jet fuel range and a 50 percent lower capital cost,” helping SAF achieve cost parity with conventional jet-A.

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