Funding Supports LanzaJet Global Growth
and Establishes MUFG's Interest in Sustainable Aviation
Fuel
CHICAGO, June 25,
2024 /PRNewswire/ -- LanzaJet, a leading sustainable
fuels technology company and sustainable fuels producer, today
announced an investment from MUFG, one of the world's leading
financial groups with total assets of approximately $2.9 trillion. The investment enables LanzaJet to
continue building its capability and capacity to deploy its
proprietary ethanol to sustainable aviation fuel (SAF) process
technology.
"We continue to build a leading team of investors along the SAF
value chain who believe in LanzaJet's ability to decarbonize
aviation, which will both address climate change and enable the
global economy," said Jimmy
Samartzis, Chief Executive Officer of LanzaJet. "The
investment from MUFG further enables LanzaJet's efforts to scale
SAF production, with one of the world's leading financial groups
enabling the development of infrastructure globally."
MUFG's investment is part of LanzaJet's current $100 million growth equity funding round, with
support from leading companies across industries and around the
world. In the last few months, LanzaJet has announced investments
from Southwest Airlines, Microsoft, Groupe ADP, and now MUFG. While
SAF production continues to scale, LanzaJet maintains its role in
developing the industry by continuing its work building the
ecosystem required to decarbonize aviation through SAF. LanzaJet
continues to be at the forefront by commercializing its next
generation ethanol-to-SAF technology and opening its fully-funded
LanzaJet Freedom Pines Fuels biorefinery – the world's first
commercial-scale ethanol-to-SAF plant. Located in the United States, the historic plant will
produce SAF and renewable diesel from low-carbon and sustainable
ethanol and achieve International Sustainability and Carbon
Certification (ISCC).
"MUFG is deeply committed to redefining the future of finance by
prioritizing innovative and sustainable industry solutions. Our
strategic support for LanzaJet is a prime example of this
commitment, signifying our belief in the critical role of
sustainable fuels for the economic and environmental well-being of
the businesses we serve," said Koichiro
Oshima, Managing Executive Officer, Head of Financial
Solutions Group, MUFG Bank, Ltd. "This partnership not only aligns
with our mission to drive progress but also showcases our
dedication to catalyzing positive change. By investing in
sustainable pathways, we aim to ensure the resilience and success
ofour stakeholders, paving the way for a more sustainable and
prosperous future for all."
In addition to MUFG, LanzaJet's portfolio of investors and
funders includes All Nippon Airways (ANA), Breakthrough Energy,
British Airways, Groupe ADP, LanzaTech, Microsoft's Climate
Innovation Fund, Mitsui & Co., Shell, Southwest Airlines, and
Suncor Energy.
ABOUT LANZAJET
LanzaJet is a leading sustainable fuels technology company
dedicated to accelerating the clean energy transition. As a
Sustainable Aviation Fuel (SAF) technology provider and producer
with patented ethanol-based alcohol-to-jet (ATJ) technology,
LanzaJet is creating an opportunity for future generations by
catalyzing the deployment of SAF and other clean energy critical to
addressing the climate crisis and transforming the global economy.
Further information is available at https://www.lanzajet.com/
ABOUT MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the
world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG
has a global network with approximately 2,100 locations in more
than 40 countries. MUFG has nearly 120,000 employees and offers
services including commercial banking, trust banking, securities,
credit cards, consumer finance, asset management, and leasing. The
Group aims to be "the world's most trusted financial group" through
close collaboration among our operating companies and flexibly
respond to all the financial needs of our customers, serving
society, and fostering shared and sustainable growth for a better
world. MUFG's shares trade on the Tokyo, Nagoya, and New
York stock exchanges.
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SOURCE LanzaJet