The Investment by
the World's Largest Airplane Manufacturer Further Signals Strong
Industry Support for LanzaJet's Next-Gen Technology's
Ability to Scale Sustainable Aviation Fuel
Globally
CHICAGO, July 24,
2024 /CNW/ -- LanzaJet, a leading sustainable fuels
technology company and sustainable fuels producer, today announced
a strategic investment from Airbus, a worldwide leader at the
forefront of the aviation industry. The investment enables LanzaJet
to continue to build its capability and capacity to scale its
proprietary ethanol to sustainable aviation fuel (SAF) process
technology.
"LanzaJet intentionally developed a diverse portfolio of
strategic investors comprised of leading, global companies to
ensure we have the ecosystem to scale the SAF industry," said
Jimmy Samartzis, Chief Executive
Officer of LanzaJet. "This important investment from Airbus
supports the growth of our company, enabling LanzaJet to scale the
production and deployment of SAF to continue working towards
meeting aviation's decarbonization goals and developing a more
sustainable industry."
Airbus' investment is part of LanzaJet's recent 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 leaders from across the SAF value
chain, including Southwest Airlines, Microsoft, Groupe ADP, MUFG,
and now Airbus.
"Sustainable aviation fuels are one of the most important levers
available to decarbonise aviation, but their production is still
limited. Our partnership with LanzaJet demonstrates Airbus'
commitment to work with leading energy technology suppliers to
explore innovative production pathways and scale SAF," said
Julie Kitcher, Chief Sustainability
Officer at Airbus. "This important partnership with LanzaJet
underlines the importance of new technologies and cross-sector
collaboration to achieve net-zero CO2 emissions by 2050."
In addition to Airbus, LanzaJet's portfolio of investors
and funders now includes All Nippon Airways (ANA),
Breakthrough Energy, British Airways, Groupe ADP, LanzaTech,
Microsoft's Climate Innovation Fund, Mitsui & Co., MUFG, Shell,
Southwest Airlines, and Suncor Energy.
At the forefront of next generation sustainable fuel technology,
LanzaJet is currently starting up the world's first
commercial-scale production of ethanol-to-SAF at LanzaJet Freedom
Pines Fuels. Located in the United
States, the historic plant will be producing SAF and
renewable diesel from low-carbon and sustainable ethanol and serves
as a blueprint to scale SAF production and combat the worsening
climate crisis. With projects spanning 25 countries and 5
continents, LanzaJet is working to scale ethanol-to-jet globally,
and partnering with key players across the SAF value chain is
critical to that mission.
# # #
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 accelerating the deployment of SAF and other clean
technologies critical to addressing the climate crisis and
transforming the global economy. LanzaJet was recently named
TIME100 Most Influential Companies for 2024. Further information is
available at https://www.lanzajet.com/
ABOUT AIRBUS
Airbus pioneers sustainable aerospace for
a safe and united world. The Company constantly innovates to
provide efficient and technologically-advanced solutions in
aerospace, defence, and connected services. In commercial aircraft,
Airbus designs and manufactures modern and fuel-efficient airliners
and associated services. Airbus is also a European leader in space
systems, defence and security. In helicopters, Airbus provides
efficient civil and military rotorcraft solutions and services
worldwide. Further information is available
at https://www.airbus.com/
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SOURCE LanzaJet