Bill Gates-supported oneworld airlines announce the creation of a $150 million fund, aimed at progressing the development of Sustainable Aviation Fuel (SAF).
The global aviation sector, a key contributor to economic growth with approximately $4.1 trillion in activity, is taking a significant step towards a greener future. On September 17, 2025, the oneworld airline alliance, in partnership with Breakthrough Energy Ventures (BEV), announced the introduction of a new $150 million fund for sustainable aviation fuel (SAF).
The oneworld BEV Fund, with its focus on identifying and scaling breakthrough SAF technologies, aims to accelerate the global development of long-term aviation fuel solutions with lower emissions than conventional fuels. Nat Pieper, CEO of oneworld, expressed his belief that by working together, they would be better positioned to create long-term solutions for the energy transformation of the industry.
Eric Toone, Chief Technology Officer at Breakthrough Energy and Managing Partner at Breakthrough Energy Ventures, echoed Pieper's sentiments, stating that the oneworld BEV Fund is built to identify and scale breakthrough SAF technologies. Toone acknowledged that the solutions will take time to solve but said the fund is built with a long-term vision to bring solutions to the market.
The companies behind the oneworld BEV Fund include cornerstone investors Alaska Airlines and American Airlines, alongside participating airlines IAG, Cathay Pacific, Japan Airlines from the oneworld alliance, and Singapore Airlines. Together, they have committed $150 million to promote the development and scaling of sustainable aviation fuels.
Lee Wen Fen, the Chief Sustainability Officer at Singapore Airlines, stated that the SAF industry has not yet drawn the necessary investments to increase production at competitive prices that align with market demands. The goal of the oneworld BEV Fund is to deliver real emissions reductions for jet fuel, compete with fossil-based fuels on cost, and integrate seamlessly with today's aviation infrastructure.
Bill Gates' Breakthrough Energy Ventures (BEV) will serve as the capital investment manager for the new fund. The oneworld alliance, along with its member airlines such as International Airlines Group (IAG), Cathay Pacific, Japan Airlines, and Singapore Airlines, is supporting the fund.
The global aviation sector currently contributes roughly 2-3% of the world's carbon dioxide emissions. With the launch of the oneworld BEV Fund, the industry is one step closer to reducing its carbon footprint and supporting the 86.5 million jobs it currently sustains. The oneworld BEV Fund's focus is on creating long-term solutions for the energy transformation of an industry vital to global economic growth.
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