LanzaJet

Overview
Activities
News
Alternative Energy?
Carbon Capture, Utilization & Storage (CCUS)?
Product stageSegments
Early
?
Renewables: Next-gen Bioenergy and Sustainable Fuels
?

LanzaJet is a LanzaTech spin-off that produces sustainable aviation fuel (SAF) using low-carbon ethanol. The company’s proprietary Alcohol-to-Jet (ATJ) technology uses sustainable ethanol produced from municipal solid waste, agricultural residues, industrial off-gasses, and biomass to produce SAF and renewable diesel.

In January 2024, the company unveiled its first commercial-scale SAF facility, Freedom Pines Fuels in Soperton, Georgia. This marks the world’s first ATJ facility. The facility is expected to produce 9 million gallons of SAF and 1 million gallons of renewable diesel per annum.

Key customers and partnerships

In November 2022, the company partnered with British Airways and Nova Pangaea Technologies to launch Project Speedbird, an initiative to jointly develop SAF for commercial use in the UK. The project is expected to produce 102 million liters of SAF per annum. In June 2023, LanzaJet signed an MoU with Airbus, a multinational aerospace corporation, to develop SAF facilities that will use LanzaJet's ATJ technology. During the same month, LanzaTech and LanzaJet were chosen by Air New Zealand and the New Zealand Ministry for Business, Innovation, and Employment (MBIE) to support a study examining the commercial viability and sustainability of domestically producing SAF in New Zealand.

In June 2024, LanzaJet partnered with Haffner Energy, a company using patented biomass thermolysis technology, to develop a SAF production plant project at Paris-Vatry airport. The project was expected to have an initial capacity of 30,000 tonnes (~33,000 tons) of SAF per year, with production possibly tripling after.

Funding and financials 

The company’s most recent funding was in May 2024, when it secured a USD 20 million investment from Groupe ADP, a French airport operator. This investment follows an undisclosed investment from Microsoft's Climate Innovation Fund in April 2024 and a USD 30 million investment from Southwest Airlines in February 2024.

In October 2022, the company received grant funding of USD 50 million from Breakthrough Energy Ventures. In January 2022, LanzaJet received USD 50 million in funding from Microsoft Climate Innovation Fund. The company had also received previous investments from Shell and energy and airline companies, alongside a USD 14 million grant from the US DOE. The proceeds were used to support the development of LanzaJet’s Freedom Pines Fuels SAF plant in Georgia, US.

HQ location:
Illinois City IL USA
Founded year:
2020
Employees:
101-250
IPO status:
Private
Total funding:
USD 264.0 mn
Last Funding:
-
Last valuation:
-
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