Aether Fuels receives millions of additional funding to accelerate SAF production in Singapore
Aether Fuels (Aether), a sustainable fuels technology company advancing next-generation solutions for aviation and maritime decarbonization, announced new funding that helps accelerate the company’s momentum toward full commercialization.
Commercial Momentum Builds in Singapore with Project Beacon. Aether’s expanded Singapore presence coincides with continued progress on Project Beacon, Aether’s flagship next-generation commercial-scale SAF production facility being developed in partnership with Aster at Aster’s Bukom Island refinery in Singapore. The 50-barrel-per-day (2,000 tons per year) facility will utilize Aether Aurora™ to convert industrial waste gas and biomethane into CORSIA-certified SAF, with greenhouse gas emissions reductions anticipated to exceed 70 percent. Engineering is underway, and construction is expected to begin in 2026, with commercial operations expected in 2028, marking the region’s first facility of its kind.
Additional Capital Accelerates Beacon Execution. Aether recently closed $15M in convertible note financing, including investments from new investors Aster Ventures and EDBI, the investment arm of SG Growth Capital, alongside existing investors. To date, Aether has secured over $60 million in funding, and this most recent investment was catalyzed by Aether’s announcement of Project Beacon. These funds will be used to accelerate the execution of that project.
“Aether is closing the year with strong momentum across leadership, technology, and project execution,” said Conor Madigan, Founder and CEO of Aether Fuels. “First, we are thrilled to add Aster Ventures and Singapore’s EDBI as new investors. Second, over the past 12 months, we’ve expanded our global team and advanced our first commercial facility in Singapore, while simultaneously maturing and scaling our core technology through our pilot and demo projects in the U.S. Bringing leaders like Stu onto the team positions us exceptionally well as we move from demonstration to deployment.”
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