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Funding
LanzaJet secures strategic investment from MUFG
Alternative Energy
Jun 26, 2024
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Alternative Energy

Alternative Energy

Jun 26, 2024

LanzaJet secures strategic investment from MUFG

Funding

  • LanzaJet, a LanzaTech spinoff that produces sustainable aviation fuel (SAF) using low-carbon ethanol, has received an investment from MUFG, Japan's leading financial group, as part of its USD 100 million growth equity financing round.

  • The company will use the funds to scale its ethanol-to-SAF technology and achieve its goal of producing 1 billion gallons of SAF by 2030.

  • Other investors in the round included Groupe ADP, Microsoft, Southwest Airlines, All Nippon Airways, Breakthrough Energy, British Airways, LanzaTech, Mitsui & Co., Shell, and Suncor Energy. 

  • Analyst QuickTake: This investment follows a USD 20 million investment in May 2024 from Groupe ADP, a French airport operator, an undisclosed investment from Microsoft's Climate Innovation Fund in April 2024, and a USD 30 million investment from Southwest Airlines in February 2024 .

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