Sustainable fuels technology company Aether Fuels has secured $15 million in convertible note financing to expedite the construction of its first commercial-scale sustainable aviation fuel (SAF) facility in Singapore. The project aims to leverage regional policies to position Singapore as a hub for low-carbon aviation fuels, with plans to produce around 2,000 tons of CORSIA-certified SAF annually and reduce greenhouse gas emissions by more than 70 percent compared to traditional jet fuels.
Founded in 2022, Aether employs its Aurora technology, which converts diverse feedstocks—including captured carbon dioxide, industrial waste gases, biogas, and municipal waste—into aviation-grade sustainable fuels. The company’s new funding will support Project Beacon, a 50 barrel per day plant expected to be operational by 2028, contributing substantially to the decarbonization of aviation and maritime transport sectors.
Participation from new investors such as Aster Ventures and Singapore’s EDBI, along with continued backing from existing investors, has increased Aether’s total funding to over $60 million. Leadership appointments aimed at project delivery and regional expansion were also announced, including Stu Stott as Global Vice President of Projects.
The initiative reflects Singapore’s strategic push to become a regional leader in sustainable fuels, driven by increasing policies on emissions and sustainability. The project exemplifies global industry trends toward early commercial deployment of SAF, fulfilling growing demand from airlines and regulators for verifiable emissions reductions, and advancing the global net-zero aviation goal.
