power-to-liquid
(3)
AIRCO made vodka from CO₂. Now it wants to move the refinery.
A bottle proved the chemistry. Aircraft, boats and military vehicles tested the proposition. AIRCO’s next wager is that making fuel where it is needed can be worth more than shipping it there.
Nicholas Flanders
Nicholas Flanders is the Co-Founder and CEO of Twelve, a carbon transformation company that converts CO2, water, and renewable electricity into sustainable aviation fuel and carbon-neutral chemicals. A Stanford MBA and former McKinsey consultant, Flanders co-founded Twelve (originally Opus 12) in 2015 alongside scientists Dr. Etosha Cave and Dr. Kendra Kuhl to commercialize breakthrough electrochemical CO2 conversion technology developed at Stanford. The company has raised over $790 million, including a $645 million financing round in 2024 led by TPG Rise Climate, and is building AirPlant One - the world's first commercial-scale e-fuels facility - in Moses Lake, Washington.
Twelve
Twelve is a carbon transformation company that uses an electrochemical reactor to turn captured CO2, water, and renewable electricity into the same chemicals and fuels usually drilled out of the ground - including E-Jet, a drop-in sustainable aviation fuel. Founded by Stanford-trained electrochemists, it is building the first industrial-scale CO2 electrolyzer plant in Moses Lake, Washington.