United Airlines Invests $5 Million in Startup to Study Greener Jet Fuel
A United Airlines plane at O'Hare International Airport in Chicago.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
United Airlines Holdings Inc. is investing in a startup that could help make larger quantities of jet fuel that’s more environmentally friendly.
United on Tuesday announced an initial $5 million investment in Cemvita Factory Inc. and is “contemplating a larger relationship,” according to Mike Leskinen, president of the airline’s venture fund. The Houston-based startup is also backed by Occidental Petroleum Corp.