Twelve Stock

twelve.coEnergy / Clean EnergyFounded: 2015Funding to Date: $447.29MM

Twelve, founded in 2015, describes itself as “the carbon transformation company” and is aiming to address carbon emissions through its proprietary technology. Through this technology, they are able to convert CO2 and transform it into products that would normally be made from fossil fuels, including chemicals, materials and fuels.

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Team

Management Team

Nicholas Flanders
Chief Executive Officer & Co-Founder
Jimmy Chuang
Chief Financial Officer
Kendra Kuhl Ph.D
Chief Technology Officer & Co-Founder
Etosha Cave Ph.D
Chief Scientific Officer & Co-Founder
Ram Ramprasad Ph.D
Chief Commercial Officer

Board Members

Anne Roby
Board Member

Twelve stock FAQs

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Is Twelve a public company?

No, Twelve is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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Twelve does not have an official ticker symbol because this company is not currently publicly traded.
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Twelve, an eight-year-old start-up, is making strides towards developing a synthetic fuel to replace fossil-based kerosene in the aviation industry. The company has broken ground on a commercial-scale facility in Moses Lake, Washington to produce its "E-Jet" fuel. The fuel is produced using Twelve's carbon transformation technology, which uses electricity, water, and carbon dioxide (CO2) to create chemicals, materials, and fuels traditionally made from fossil fuels. The synthetic fuel reportedly reduces lifecycle greenhouse gas emissions by up to 90% compared to conventional petroleum-based jet fuel.
Startup Twelve has begun construction on a commercial-scale facility in Washington state that will produce sustainable aviation fuel from CO2. The facility, which is expected to be operational by mid-2024, will be the first of its kind in the US. Alaska Airlines, Microsoft, and Shopify have agreed to purchase millions of dollars' worth of the E-Jet fuel produced at the new plant.
Twelve, a carbon transformation company, has announced plans to scale production of its sustainable aviation fuel (SAF), E-Jet, made from CO2 and renewable energy, in Washington State. The fuel, which has up to 90% lower lifecycle emissions than conventional fuels, will be produced at a commercial-scale facility in Moses Lake, WA. The first customers will be Shopify, Alaska Airlines, and Microsoft, with whom Twelve has existing partnerships.
California-based Twelve is pioneering carbon transformation technology that converts CO2 into a feedstock for products traditionally made from fossil fuels. The company's electrochemical reactor, Opus, uses CO2, water, and renewable energy to create carbon-based products, eliminating the need for new fossil fuels. Twelve's technology could potentially eliminate up to 10% of global emissions. The company has developed sustainable aviation and marine fuels and partnered with brands like Mercedes-Benz and NASA to reduce emissions across supply chains.
Updated on: Jul 26, 2024

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