Companies to Undertake Feasibility Study and
Establish Development Plan for Commercial SAF
Production
DEERFIELD, Ill., June 15,
2023 /PRNewswire/ -- LanzaJet, a leading sustainable
fuels technology company and sustainable fuels producer, LanzaTech
Global, Inc. (Nasdaq: LNZA), an innovative carbon capture and
utilization ("CCU") company that transforms waste carbon into
materials such as sustainable fuels, fabrics, packaging, and other
products that people use in their daily lives, today announced they
have been selected by Air New Zealand and the New Zealand Ministry
for Business, Innovation, and Employment (MBIE) to support the
second stage of a study to determine commercial viability and
sustainability of domestic sustainable aviation fuel (SAF)
production in New Zealand.
The study will explore the use of domestic New Zealand waste products to produce SAF,
primarily focusing on forestry residue. LanzaTech will transform
the waste raw materials into low-carbon ethanol through its
commercially deployed gas fermentation technology, and LanzaJet
will convert ethanol into SAF with its proven and scaled-up
Alcohol-to-Jet technology.
"A sustainable fuels industry enables countries to gain energy
independence with domestic production of fuels alongside
infrastructure and economic development, while having a positive
benefit on climate change – and that's what we're looking to enable
in New Zealand," said Jimmy Samartzis, Founding CEO of LanzaJet. "We
are eager to begin working with Air New Zealand and the New Zealand
Ministry for Business, Innovation, and Employment to demonstrate
the feasibility of SAF production in New
Zealand."
LanzaTech, which was founded in Auckland, New Zealand, will be responsible for
conducting a supply chain risk assessment while also evaluating the
potential for using domestic waste to produce ethanol through
gasification.
LanzaTech CEO Jennifer Holmgren
said, "We must accelerate deployment of SAF facilities globally to
create new jobs and deliver much needed volumes of sustainable
fuels to a sector that has limited options today. We appreciate the
leadership shown by Air New Zealand and the New Zealand government in enabling a future
where domestic wastes and residues can be meaningfully repurposed,
enabling energy security and regional growth opportunities."
LanzaTech and LanzaJet have selected Z Energy, a wholly owned
subsidiary of Ampol Group and New
Zealand's largest fuel retailer, to support the study's
second stage by evaluating the end-to-end supply chain, including
feedstock options and the economic impact to the regions.
Z Energy's CEO Lindis Jones said,
"While there is no silver bullet in this energy transition, it's
clear SAF will play a critical role in reducing the aviation
sector's emissions. Z is looking forward to being a valuable
partner alongside LanzaJet and LanzaTech by leveraging its local
supply chain expertise, its previous experience supplying biofuels
to customers including Air New Zealand, and the expertise of the
wider Ampol Group."
Air New Zealand, the nation's
national carrier, and the New Zealand Government are investing to
support this study, following a yearlong request for proposal (RFP)
process to understand which technologies are available globally and
evaluate how they can be tailored to the New Zealand context.
The study supports Air New Zealand's broader ambitions to
decarbonize and achieve net zero emissions by 2050. In order to
prove viability for a commercial-level SAF production facility,
partners must demonstrate technical, economic, supply chain, and
environmental solutions.
After completion of this study, which is expected by midyear of
2024, a decision will be made on proceeding with the next stages of
the project, including further development and engineering
work.
ABOUT LANZAJET
LanzaJet is a leading sustainable fuels
technology company dedicated to accelerating the energy transition
by embracing the circular economy. As a Sustainable Aviation Fuel
(SAF) technology provider and producer with patented alcohol-to-jet
(ATJ) technology, LanzaJet is creating an opportunity for future
generations by accelerating the deployment of SAF and other clean
technologies critical to addressing the climate crisis and
transforming the global economy. Further information is available
at https://www.lanzajet.com/.
ABOUT LANZATECH
Headquartered in Skokie, IL, LanzaTech Global, Inc. (Nasdaq:
LNZA) captures waste carbon and transforms it into materials such
as sustainable fuels, fabrics, packaging, and other products. Using
a variety of waste feedstocks, LanzaTech's technology platform is
contributing to a future where consumers are not dependent on
virgin fossil feedstocks for everything in their daily lives.
LanzaTech's goal is to challenge and change the way the world uses
carbon, enabling a new circular carbon economy where carbon is
reused rather than wasted, skies and oceans are kept clean, and
pollution becomes a thing of the past. For more information about
LanzaTech visit https://lanzatech.com.
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SOURCE LanzaJet