Shopify buys $2.5M worth of Twelve’s E-Jet fuel

March 30, 2022 |

In California, through its Sustainability Fund, Shopify has committed buy $2.5 million worth of Twelve’s E-Jet fuel. Through this first-of-its-kind agreement, Shopify’s purchase of E-Jet will support Twelve as it scales, accelerate future adoption by commercial airlines and freight carriers, and help bring more E-Jet to market. Shopify is supporting nine new entrepreneurial, tech-driven companies through our Sustainability Fund, bringing its total carbon removal purchase commitment to $32 million.

Shopify is the largest purchaser for eight and the first purchaser for four of these new partners. As the largest purchaser, it is providing companies with a strong revenue stream that helps them secure financing, and as the first purchaser, it is sending a clear market signal for others to buy from these partners.

This latest round of purchases expands our position as one of the largest corporate purchasers of long-term carbon removal (aka pulling carbon dioxide out of the atmosphere and storing it 100+ years) globally with 39,380 metric tons total.

Print Friendly, PDF & Email

Tags: , ,

Category: Fuels

Thank you for visting the Digest.