Jet Fuel with 10-Year Price Predictability

Power-to-Liquid fuels convert electricity and onshore feedstocks into jet fuel, delivering resilience and long-term price predictability.

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Today, global aviation runs largely on a single input: oil-derived jet fuel. That concentration creates systemic risk. Price volatility, geopolitical exposure, and supply disruption are not edge cases, they are structural features of the system.

Diversification is not optional. It is critical infrastructure.

That is where a new class of fuel emerges.

E-Jet® SAF is a synthetic Power-to-Liquid e-fuel, made by converting electricity, CO2, and water into jet fuel. Instead of extracting hydrocarbons from the ground, it transforms abundant, onshore resources into a drop-in fuel for aviation.

This is the Power-to-Liquid advantage.

Diversifying the Feedstock for Fuel

For decades, aviation has depended on a single feedstock system tied to oil.

Power-to-Liquid introduces a fundamentally different model, one built on multiple, widely available inputs:

Electricity.CO2.Water.

These resources are geographically distributed and increasingly accessible. They can be sourced onshore, near demand, and scaled across regions.

This shifts aviation from fuel dependency to fuel diversity.

Not one feedstock. Not one geography. Not one supply chain.

From Commodity Exposure to Cost Predictability

Diversification also reshapes how fuel is priced.

Conventional jet fuel is indexed to oil, one of the most volatile global commodities.

Power-to-Liquid fuels anchor cost in electricity and CO2, both of which can be contracted over long durations, often 10 to 15 years or more. When paired with dedicated or behind-the-meter energy, pricing becomes even more stable.

The remaining costs, capital expenditure and cost of capital, are inherently forecastable over the same time horizon.

In more integrated systems, where energy and carbon capture are co-located, a greater share of cost moves upfront. Fuel becomes an amortized asset, not a continuously fluctuating expense – shifting risk out of daily operations and into long-term planning.

This volatility is not just a market dynamic—it directly shapes how airlines operate and manage risk..

Why Volatility Matters for Airlines

Fuel is one of the largest operating costs for commercial airlines, often representing a substantial share of total expenses. At the same time, airlines typically sell tickets weeks or months in advance—locking in revenue well before a flight departs.

That creates a structural exposure to fuel price volatility. The cost of jet fuel, tied to global oil markets, can shift significantly between the time a ticket is sold and when the flight is actually flown. When prices rise, airlines are required to honor previously sold tickets even as input costs increase—compressing or eroding margins.

While airlines use hedging strategies to manage this risk, those tools are imperfect and can add cost and complexity. Volatility itself remains a persistent challenge.

The result is a new paradigm: jet fuel with long-term price visibility, aligned with how airlines price, sell, and manage their business.

A More Distributed Supply System

Diversification is not just about inputs. It is about where and how fuel is made.

Power-to-Liquid enables production anywhere electricity flows, rather than where oil reserves are found.

This decentralization reduces reliance on concentrated supply regions and long, fragile logistics chains.

It enables countries, companies, and operators to produce fuel closer to demand, strengthening domestic supply and reducing exposure to global shocks.

Resilience by Design

Aviation today operates with a single point of failure: fossil fuel supply.

Power-to-Liquid introduces a system designed differently, modular, distributed, and diversified at the level of feedstocks, production, and geography.

This is not incremental change. It is structural resilience.

For partners, this shift is already underway.

Twelve is working across aviation, industry, and government to bring E-Jet® SAF to market, including collaborations with airlines such as Alaska Airlines, United Airlines, and International Airlines Group, alongside long-term fuel agreements that reflect growing demand for synthetic fuels.

The company has also partnered with the U.S. Air Force to demonstrate fuel production from CO2, proving the ability to generate jet fuel in distributed environments where traditional supply chains are constrained.

Across industries, organizations like Mercedes-Benz and Procter & Gamble are working with Twelve to replace fossil-based inputs with CO2-derived materials, extending the same carbon transformation platform that enables E-Jet® SAF.

Together, these collaborations point to a broader shift: fuel is no longer just extracted, it is manufactured.

Built for Existing Infrastructure

E-Jet® SAF is a drop-in fuel, compatible with today’s aircraft and fueling infrastructure.

No new engines. No retrofits. No tradeoffs on performance.

Lower impact, Across the System

In addition to enabling a more diversified and resilient fuel system, E-Jet® SAF delivers up to 90% lower emissions compared to conventional jet fuel.

It also significantly reduces land and water use compared to biofuel pathways, which rely on agricultural inputs and large physical footprints.

A New Way forward for Aviation

Power-to-Liquid is not just a new way to make fuel.It is a new way to build a fuel system.

From singular to diversified.From volatile to predictable.From centralized to distributed.From extraction to synthesis.

Power-to-Liquid is the power to journey on. 

This is fuel for the long haul.