SOUTHWEST AIRLINES ACQUIRES SAFFiRE RENEWABLES AND STRENGTHENS FOCUS ON SUSTAINABILITY
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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US:NYSE Investor Relations:
investors.southwest.com
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Source: PR Newswire
DALLAS, March 28, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announces the acquisition of SAFFiRE Renewables, LLC (SAFFiRE) as part of the investment portfolio of its wholly owned subsidiary Southwest Airlines Renewable Ventures, LLC (SARV). SARV is dedicated to creating more opportunities for Southwest® to obtain scalable sustainable aviation fuel (SAF).SAFFiRE is part of a project supported by the Department of Energy (DOE) to develop and produce scalable renewable ethanol that can be upgraded into SAF. SAFFiRE expects to utilize technology developed at the DOE's National Renewable Energy Laboratory (NREL) to convert corn stover, a widely available agricultural residue feedstock in the U.S., into renewable ethanol."This acquisition marks Southwest's transition from investor to sole owner of SAFFiRE, expressing our confidence in SAFFiRE's technology and its potential to advance our sustainability goals as well as the goals of the broader industry," said Bob Jordan, Presi
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