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IAG Announces Strategic Investment in SAF Startup OXCCU

IAG has announced their participation in the £20.75 million ($28 million) Series B funding round for OXCCU, a UK-based sustainable aviation fuel (SAF) innovator.  OXCCU has developed a novel, patented process to produce SAF using waste carbon and hydrogen.


IAG Invests in SAF Innovator OXCCU - Courtesy IAG
IAG Invests in SAF Innovator OXCCU - Courtesy IAG

On Monday (September 29, 2025), International Airlines Group (IAG) announced their participation in the £20.75 million ($28 million) Series B funding round for OXCCU, a UK-based sustainable aviation fuel (SAF) innovator.  An Oxford University spin-out, OXCCU has developed a novel, patented process to produce SAF using waste carbon and hydrogen.  With their investment through IAGi Ventures, the Group has been joined by new and existing investors including Safran Corporate Ventures, Orlen and Aramco Ventures, among others.


In Monday’s announcement, IAG’s Director of Innovation, Ignacio Tovar, said,


“We’re focused on backing companies whose technologies have the potential to deliver meaningful impact and we’re excited to be supporting OXCCU as it embarks on the next stage of its scale-up journey.  By leveraging our industry expertise, acting as early adopters, and fostering collaboration across our airlines and broader partner ecosystem, we help the companies we back to scale faster.”


OXCCU has developed a novel, patented process which directly converts gaseous waste carbon and hydrogen into jet fuel range hydrocarbons. This process can operate with a wide range of carbon dioxide, carbon monoxide and hydrogen input gas compositions, giving it the flexibility to efficiently convert different feedstocks into SAF.   IAG was the first airline Group globally to commit to net zero carbon emissions by 2050, and has a goal of meeting 10 percent of fuel needs with SAF by 2030.  During 2024, 1.9 percent of IAG’s total fuel used was SAF, saving 469,000 tonnes of CO2, up nearly 200 percent compared to 2023.



Source: IAG

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