$150 million capex
100 jobs
Project CJ Demo
Congratulations to Salt Lake City! CleanJoule, a full-performance sustainable aviation fuel company, announced plans to bring approximately 100 new technically-oriented jobs to Salt Lake City and invest $150 million in Utah over the next ten years.
“Salt Lake City is thrilled about the expansion of CleanJoule and the additional jobs they’ll bring to our residents. This homegrown success story is a perfect example of the magic that happens at the University of Utah Research Park, which then translates into sustainable manufacturing that’s good for the environment and the economy,” said Lorena Riffo Jenson, director of Salt Lake City’s Department of Economic Development. “When a company chooses to expand here, it reinforces that Salt Lake City is a place where businesses prosper. And when businesses prosper, our families, friends, and community thrive.”
EDCUtah supported the project by coordinating requests for information on behalf of the company and facilitating connections between CleanJoule and local brokers, including Newmark.
"CleanJoule’s transformative work in sustainable aviation fuels exemplifies the innovation and collaboration that thrive in Utah’s business-friendly environment," said Scott Cuthbertson, president of EDCUtah. "By driving advancements in fuel efficiency and sustainability, CleanJoule is shaping the future of aviation and strengthening Utah’s position as a hub for cutting-edge aerospace solutions."
CleanJoule is a full-performance sustainable aviation fuel (SAF) company that has developed a breakthrough pathway to produce superior and cost-effective SAF, driving the transformation towards a more sustainable aviation industry. CleanJoule’s manufacturing process delivers SAF with 10% higher energy density than typical Jet A/A-1 via a feedstock flexible biologic and chemical process. Backed by Indigo Partners, Cleanhill Partners, GenZero, Frontier Airlines, Wizz Airlines, and Volaris, CleanJoule is on a mission to eliminate the aerospace industry’s reliance on fossil fuels.
“Utah has an incredible talent pool and excellent leadership at the city and state levels. Utah’s business-friendly legislature has been instrumental in allowing us to attract outside capital and drive growth,” said Mukund Karanjikar, CEO and founder of CleanJoule. “We see immense potential in the Salt Lake City community and are excited to be part of an ecosystem that values forward-thinking approaches and cultivates an environment where businesses and individuals alike can thrive."
Rex Buys, business development manager, led Project CJ Demo for EDCUtah. Jeff Rossi from Newmark, assisted the company in finding its location.
EDCUtah Investors: If you were involved with this project and would like to have your organization mentioned, please email connect@edcutah.org and we’ll update this article.