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LanzaJet

Carbon Capture, Utilization & Storage (CCUS)
Alternative Energy
Segments:
Next-gen Carbon Utilization: Sustainable Fuels
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Product stage:
Seed
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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.

Funding and financials

The company’s most recent funding was in February 2024 , when it secured USD 30 million in a corporate investment round from Southwest Airlines. 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.


Carbon Capture, Utilization & Storage (CCUS)

Carbon Capture, Utilization & Storage (CCUS)

Key stats
Featured companies
99
Total funding (USD)
5.2 Bn
Total addressable market (USD)
156.5 Bn
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

Funding
Apr 22, 2024
LanzaJet receives second investment from Microsoft Innovation Fund to deploy SAF technology
Carbon Capture, Utilization & Storage (CCUS)
Funding
Apr 22, 2024
LanzaJet receives second investment from Microsoft Innovation Fund to deploy SAF technology
Alternative Energy
Funding
Feb 28, 2024
LanzaJet receives USD 30 million investment from Southwest Airlines
Carbon Capture, Utilization & Storage (CCUS)
Funding
Feb 28, 2024
LanzaJet receives USD 30 million investment from Southwest Airlines
Alternative Energy
Product updates
Jan 24, 2024
LanzaJet launches world’s first alcohol-to-jet facility
Alternative Energy
Product updates
Jan 24, 2024
LanzaJet launches world’s first alcohol-to-jet facility
Carbon Capture, Utilization & Storage (CCUS)

Company Brief


HQ location:
Illinois City IL USA
Founded year:
2020
Employees:
101-250
Total Funding:
USD 194.0 million

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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