Feather Fuels offering is now closed and is no longer accepting investments.

INVEST IN FEATHER FUELS TODAY!

Decarbonizing Long-Haul Aviation

Feather Fuels provides a present-day solution for long-haul aviation by pulling carbon dioxide from the sky and recycling it into a carbon-neutral jet fuel. We’re committed to reversing climate change and making air travel a more sustainable industry.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

$23,830.90 Raised

REASONS TO INVEST

Reasons Icon

International law will require airlines to implement carbon-neutral solutions like electrofuel by 2027.*

Reasons Icon

Hawaii, Feather’s home, spends $1.8B annually to import fossil-based jet fuel. By comparison, our carbon-neutral jet fuel plant, capable of producing 100 million gallons per year, is expected to be a one-time cost of $4B.**

Reasons Icon

Jet fuel is a $300B global market, but only 0.1% of current flights are using sustainable aviation fuel. Our solution will shift the existing market and allow for rapid global scaling.***

Feather Fuels is currently in the engineering and design phase.

*Information provided by the Carbon Offsetting and Reduction Scheme for International Aviation (source)

**Information based on internal research conducted using data from Hawaii.gov (source)

***Market statistics provided by Fortune Business Insights & World Economic Forum (source / source)

Creating carbon-neutral jet fuel for today’s airline industry


Feather Fuels is here to decarbonize long-haul aviation and provide a smarter, cleaner solution for today’s airline industry. We’re creating a synthetic aviation fuel calledFeather,” made with water, air, and clean energy. Once complete, our facility will pull carbon dioxide from the sky and recycle it into a circular carbon-neutral alternative to jet fuel. With jet fuel currently claiming 99.9% of market share, we believe we’re on the cusp of a huge, brand new opportunity.


The problem of aviation emissions can no longer wait—and we’re ready to enact the critical changes required to protect our planet.


The Problem


The aviation industry needs a solution to meet CO2 offsetting obligations

Over the past several years, air travel’s contribution to climate change has been making constant headlines. The Swedish even have a word for the guilt of air travel: flygskam, or “flight shame.”


Aviation emissions have doubled since the mid-1980s, yet little progress has been made to decarbonize the industry (source). Nearly all flights are still powered by jet fuel, which releases CO2 when burned, further contributing to emissions. We have limited time to solve this problem—especially when taking into consideration the industry’s slow adoption of new technologies, between updating huge vehicle fleets and logistics networks.


(source / source)


CORSIA, the Carbon Offsetting and Reduction Scheme for International Aviation, has now required a stabilizing of net CO2 emissions from international aviation starting in 2021, and carbon-neutral growth by 2026 (source). In order to reach—and exceed—these ambitious milestones, the airline industry needs to shift away from existing jet fuels and move towards fossil-free solutions.


Traditional carbon offsets – such as planting trees to offset a trip – are an imperfect solution. We believe the best path forward for aviation is to move to sustainable aviation fuels (SAF), which can be used in existing aircraft. A small number of firms are producing bio-based SAF which use the embedded carbon in plant matter, but they are limited by feedstocks, and often come into conflict for scarce farmland and water for food production. Our solution is to use a better carbon source: the sky.

The Solution


Feather: An electrofuel made from water, air, and clean energy

Say hello to Feather, a carbon-neutral synthetic fuel made from water, air, and clean energy. While fossil fuels pull carbon from the ground by way of pumping crude oil, we’re utilizing a product lifecycle that pulls excess CO2 from the sky. Feather fuel can be blended into world’s existing aircraft and fueling infrastructure, and our off-the-shelf technologies will allow for rapid scaling, expediting our global shift towards climate positivity.



Feather Fuels is based in Hawaii, a state that currently spends $1.8B each year importing fossil-based jet fuel.* By contrast, our carbon-neutral jet fuel plant, capable of producing 100 million gallons per year, will cost roughly $4B, as a one-time cost. By 2030, we aim to hit price parity with fossil fuels, and by 2050, our goal is to permanently sequester the CO2 we capture by burying it directly underground. In the process, we’ll save our home state of Hawaii billions in annual fuel imports and provide new career pathways for fossil fuel industry workers.


*Information based on internal research conducted using data from Hawaii.gov (source)


Feather generates revenue by selling our fuel to airlines, fuel consortia, and fuel distributors. Our scaling pathway begins with a facility which can produce and sell one million gallons per year of fuel. Existing government incentives, including the federal Solar Investment Tax Credit and Hawaii Renewable Fuels Tax Credit, will help to close the margin between the price of fossil-based fuels and our carbon-neutral fuel.

The Market


A $300B market with an increasing focus on sustainability

While jet fuel sales make up a $300B market as of 2018, only 0.1% of the fuels currently being supplied are sustainable (source / source). Up to this point, jet fuels have been produced by fossil fuel refineries, which claim a 99.9% market share, with the remaining fraction owned by small biofuel manufacturers. We’re now seeing the industry increase its focus on sustainability, driven by a combination of consumer demand, corporate ambition, and regulatory pressures. We believe it’s a prime opportunity to enter the market and capitalize on growing demand for greener options.


(source)


There are two primary sources for sustainable aviation fuels: biofuels and electrofuels. Biofuels require acres of land and millions of gallons of water to produce, a resource-heavy approach that is entirely dependent on weather conditions and competes with agricultural production. In contrast, electrofuels, like Feather, are composed only of water, air, and clean energy, and thus can scale with far fewer resources.

Our Traction


Building the foundation for our electrofuel production

Feather Fuels is currently in the engineering and design phase and are actively conducting engineering, design, and environmental reviews for our initial plant in Hawaii. A second plant location is also being evaluated in the Tacoma region.


Feather has received letters of interest from two international engineering firms, and has contracted with Stantec, a leading environmental firm, to perform an environmental assessment. We have sales offers from manufacturers of our key components (Direct Air Capture, electrolyzers, and Fischer-Tropsch synthesis units), and are in talks with initial offtakers.


From carbon-neutral to carbon-negative: the 100-year plan



Carbon-neutral fuels are phase one in our 100-year plan to reverse climate change.


For the next 20 to 30 years, Feather anticipates that we will sell carbon-neutral jet fuel to existing airline operators. New hydrogen jets will be developed and will come into limited operation, but due to long-term aircraft leases and the need to revamp fueling infrastructure, it may take decades for those new technologies to become the standard technologies for airline fleets.


As hydrogen jets come online, Feather will sell hydrogen from our banks of electrolyzers. We will then rededicate our Direct Air Capture modules to permanently sequester up to 1 million tons of CO2 per year in basalt rock formations. By the end of the century we project that we can remove 70 million tons of CO2 from the atmosphere. This is an estimate, based on 1 million tons sequestered per year multiplied by 70 years of operation (from 2030 to 2100).

Why Invest


Pioneering a cleaner, greener aviation industry

By the end of the decade, our goal is to have decarbonized aviation for a market which is dear to our heart – our home community of Hawaii. This means an increase in production, fueled by plentiful renewable energy, setting the stage for an entirely new economy around the reuse and removal of atmospheric CO2.


With Feather, we’re both solving a critical global issue and accessing an enormous market opportunity. Join us today and let’s take flight together.


ABOUT

HEADQUARTERS

1703 Kuikele
Honolulu, HI 96819
VALUATION

$5M

Feather Fuels provides a present-day solution for long-haul aviation by pulling carbon dioxide from the sky and recycling it into a carbon-neutral jet fuel. We’re committed to reversing climate change and making air travel a more sustainable industry.

TEAM

Ikaika Hussey
Ikaika Hussey
CEO

Ikaika has 20 years in Hawaii politics and social enterprises. He founded Archipelago Inc. and serves on numerous nonprofit boards. BA, MA, UH Mānoa. 

Aaron Ellis
Aaron Ellis
CFO (Part-Time)

Aaron Ellis has worked to finance sustainable solutions in the Pacific for over a decade. BSc University of Victoria; MBA UH Mānoa–Shidler. 

Aaron currently splits his time between Feather Fuels and other businesses. He spends 5-10 hours per week working for Feather Fuels. Please refer to the offering memorandum for more information.

TERMS

Feather Fuels
Overview
PRICE PER SHARE
$5
DEADLINE
Apr 30, 2022
VALUATION
$5M
AMOUNT RAISED
$23,830.90
Breakdown
MIN INVESTMENT
$250.00
MAX INVESTMENT
$1,070,000.00
MIN NUMBER OF SHARES OFFERED
2,000
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
214,000

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

Hawaii Federated Industries, Inc

Corporate Address

:

1703 Kuikele, Honolulu, HI 96819

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

2,000

Maximum Number of Shares Offered

:

214,000

Price per Share

:

$5.00

Pre-Money Valuation

:

$5,000,000.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives and Bonuses*

Time-Based

Friends and Family Early Birds

Invest within the first 48 hours and receive 20% bonus shares.

Super Early Bird Bonus

Invest within the first week and receive 15% bonus shares.

Early Bird Bonus

Invest within the first two weeks and receive 10% bonus shares.

Amount-Based

Tier 1 | $500 +

Invest $500+ and receive a copy of SUMMIT.

Tier 2 | $1,000+

Invest $1,000+ and receive Tier 1 + an Owners Cap.

Tier 3 | $5,000+

Invest $5,000+ and receive an Owners Cap + 5% bonus shares.

Tier 4 | $10,000+

Invest $10,000+ and receive 10,000 HawaiianMiles or Southwest Rapid Points + 7% bonus shares.

Tier 5 | $25,000+

Invest $25,000+ and receive 10% bonus shares.

Tier 6 | $50,000+

Invest $50,000+ and receive 15% bonus shares.

Tier 7 | $100,000+

Invest $100,000+ and receive an invitation to our Hawaii headquarters + 20% bonus shares.

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Feather Fuels (Hawaii Federated Industries, Inc.) will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $5.00 / share, you will receive 110 Common Stock, meaning you'll own 110 shares for $500. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Insider Investment Notice

Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

ALL UPDATES

03.11.22

Our first 100,000 gallons are reserved!

Sustainable Aviation Fuel is in high-demand! We just received our first on-line reservation of fuel, for 100,000 gallons to be delivered to a local buyer once production commences in 2025.

03.09.22

We're going to be on HPR!

Feather will be featured on Bytemarks Café this Wednesday at 6:30 on HPR-1. Come and listen!

Here's a Podcast link. 

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Feather Fuels.

$250.00

StartEngine Owner’s Bonus

This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.

$500.00

Tier 1

Invest $500+ and receive a copy of SUMMIT.

$1,000.00

Tier 2

Invest $1,000+ and receive Tier 1 + an Owners Cap.

$5,000.00

Tier 3

Invest $5,000+ and receive an Owners Cap + 5% bonus shares.

$10,000.00

Tier 4

Invest $10,000+ and receive 10,000 HawaiianMiles or Southwest Rapid Points + 7% bonus shares.

$25,000.00

Tier 5

Invest $25,000+ and receive 10% bonus shares.

$50,000.00

Tier 6

Invest $50,000+ and receive 15% bonus shares.

$100,000.00

Tier 7

Invest $100,000+ and receive an invitation to our Hawaii headquarters + 20% bonus shares.

JOIN THE DISCUSSION













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SECURE

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RAISED
$23,830.90
INVESTORS
37
MIN INVEST
$250.00
VALUATION
$5M

@ 2022 All Rights Reserved

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