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Metafuels has completed a $24 million financing round to scale the industrial production of sustainable synthetic aviation fuels (e-SAF) through methanol-to-jet technology. This initiative aims to address the aviation industry's need for a 150-fold increase in sustainable aviation fuel production by 2050, which cannot be met through biogenic fuels alone.

The investment, led by UVC Partners and involving Energy Impact Partners, Contrarian Ventures, RockCreek, Verve Ventures, and Fortescue, will facilitate the transition from technology development to the establishment of commercial projects. The product aerobrew is set to launch, enabling airlines to lower emissions while maintaining current operational models.