Core Insights - The article discusses the establishment and goals of Shanghai Carbon Life Technology Co., founded by former Tesla executive Ren Yuxiang, aiming to convert CO2 from the air into various carbon-based products, ultimately reducing reliance on fossil fuels [1][2]. Company Overview - Ren Yuxiang, known for signing the agreement for Tesla's first overseas Gigafactory in Shanghai, has transitioned to founding Carbon Life Technology, which focuses on capturing CO2 from the atmosphere [1]. - The company recently completed an angel round of financing, raising several million yuan, with participation from a domestic internet company and existing investors like Sequoia China [1][2]. Product Development - The first product to be developed by Carbon Life Technology is sustainable aviation fuel, which is in demand and carries a green premium [2]. - The company plans to build a research and innovation center in Shanghai with an investment of 300 million yuan, aiming to produce its first batch of sustainable aviation fuel by the end of this year [5][6]. Market Potential - Sustainable aviation fuel is projected to significantly reduce greenhouse gas emissions and is seen as a key measure for the aviation industry to achieve net-zero emissions by 2050 [2]. - The price of sustainable aviation fuel is around $2,000 per ton, which is several times higher than conventional aviation fuel, indicating a substantial market opportunity [3]. Future Plans - Carbon Life Technology aims to establish a pilot production line capable of producing 5000 tons of sustainable aviation fuel by 2026 and plans to invest in a commercial project with a capacity of 100,000 tons by 2027 [6]. - The company anticipates that the cost of sustainable aviation fuel will decrease over time, similar to the trends seen in solar and lithium battery technologies [6]. Technical Approach - The company is utilizing local technology for its processes and aims to scale up CO2 capture to millions of tons [6]. - The production of sustainable aviation fuel will require significant renewable energy resources, with a projected need for over 2 GW of solar power for the 100,000-ton facility [6].