Senior Engineering Director, Plant Development
Twelve$250,000 - $300,000/year
- Full Time
- Senior (5 to 8 years), Mid-level (3 to 4 years)
About Twelve
Twelve focuses on transforming carbon dioxide (CO2) into valuable products that are usually derived from fossil fuels. The company uses a process that mimics industrial photosynthesis, combining CO2, water, and renewable energy to produce hydrocarbons, which serve as the foundation for various materials and fuels. This method significantly lowers lifecycle emissions by up to 90% compared to traditional production techniques and aims to eliminate reliance on fossil fuels. Twelve differentiates itself from competitors by licensing its unique technology to industrial partners and collaborating on projects to scale its solutions. The company's goal is to contribute to a circular carbon economy by turning CO2 into useful products, thereby addressing environmental issues and supply chain challenges.
Berkeley, CaliforniaHeadquarters
2015Year Founded
$796.1MTotal Funding
PRIVATE_PLACEMENT_VCCompany Stage
Energy, Consumer GoodsIndustries
201-500Employees
Risks
Increased competition from regional carbon-focused hubs may challenge Twelve's market position.
Reliance on regional tax credits poses financial risk if incentives are reduced.
Pressure to rapidly scale production could strain Twelve's resources.
Differentiation
Twelve converts CO2 into valuable products, reducing reliance on fossil fuels.
Their technology mimics industrial photosynthesis, creating hydrocarbons from CO2, water, and energy.
Twelve's business model includes licensing technology and strategic partnerships for scaling solutions.
Upsides
Twelve secured $645 million to expand R&D and production capabilities.
Partnership with IAG for 260 million gallons of e-SAF boosts Twelve's market presence.
Expansion into Alameda, California, enhances production capacity and operational footprint.
Funding
Total raised$796.06 M
Latest valuation$1.00 B
StagePRIVATE_PLACEMENT_VC
PRIVATE PLACEMENT VC
8/31/2024$400
$45
GRANT
6/30/2020N/A
SEED
9/30/2016N/A
$1.75 M