Strategic partnership with technology start-up
as means for innovation acquisition
Lufthansa AG
INDUSTRY Aviation fuels
EXPERTISE Corporate Innovation
LOCATION Frankfurt a.M., Germany
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Strategic partnership between the inventor of a patented process to produce CO2-reduced synthetic fuels, and Lufthansa AG, Europe’s leading Airline
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Common R&D project together with an external development consortium to develop and drive the innovative process to market maturity
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Realizing opportunities for a significant reduction of CO2 emissions to fulfil the IATA objectives and to avoid future CO2 penalities (CORSIA)
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Securing long-term access to cost-efficient Kerosene and independence from oil price volatility
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Mediation between large corporation decision and action patterns compared to technology start-up needs
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Long-term innovation cycles and rewarding vs. short-term results orient-ation and constantly changing external market conditions