In this episode, we speak with Conor Madigan, founder and CEO of Aether Fuels, a climate technology company converting abundant waste carbon into low-cost sustainable fuels for aviation and ocean shipping. Madigan is one of the few founders approaching the SAF cost problem from an engineering-first, problem-first standpoint.
He discusses:
A problem-first approach to company building: Why Madigan began with a blank sheet of paper in 2020, fixed on the problem before choosing a technology, and only then exclusively licensed foundational technology from Chicago-area research institute GTI Energy.
Moving beyond the HEFA feedstock ceiling: Why today's dominant SAF process, which converts waste fats, oils and greases, cannot keep pace with projected SAF demand demand as mandates tighten towards 2030.
A contrarian bet against cheap hydrogen: Why Aether chose in 2022 to prioritise biogas, biomass and industrial off-gases over CO2-and-hydrogen e-fuels, judging that optimistic hydrogen price forecasts were unlikely to hold.
The Aether Aurora technology: How tri-conversion merges two reaction steps into one reactor, how an electrified reactor lifts yield, and how novel catalysts cut the cost of fuel upgrading, all aimed at the capital cost that makes waste-fed plants expensive.
Why Singapore won Project Beacon: How a fast-moving partnership with Aster, predictable government policy and ties to Temasek made Singapore the site of Aether's first commercial plant, and what other countries can learn from the model.
Discipline on offtakes and the real scaling bottleneck: Why Aether has resisted investor pressure to sign speculative offtake agreements, and why Madigan sees project development and financing, not chemistry, as the constraint on scaling SAF.
If you LOVED this episode, you’ll also love the conversation we had with Synhelion’s Founder and CEO Philipp Furler who unpacked how the Swiss technology company is working to scale synthetic fuels by tackling some of the fundamental cost and infrastructure barriers facing SAF today. Check it out here.
Learn more about the innovators who are navigating the industry's challenges to make sustainable aviation a reality, in our new book ‘Sustainability in the Air: Volume 2’. Click here to learn more.
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Links & More:
Aether Fuels
Aster and Aether Fuels partner on the first next-generation commercial SAF plant in Singapore
RTI supports Aether Fuels in scaling sustainable aviation fuel
Singapore Airlines Group and Aether Fuels sign MoU for sustainable aviation fuel
Aster and Aether Fuels Partner on the First Next-Generation Commercial Sustainable Aviation Fuel Plant in Singapore