LanzaJet broadcasts $30 million funding from Southwest Airways to speed up Firm’s Progress and advance US Sustainable Aviation Gas Manufacturing.
LanzaJet, Inc. (LanzaJet) a number one sustainable fuels expertise firm and sustainable fuels producer, introduced a $30 million funding by Southwest Airways Co. (Southwest) in LanzaJet. As a part of the settlement, LanzaJet and Southwest intend to work towards the event of a sustainable aviation gas (SAF) manufacturing facility and collaborate to advance the operations of a corn stover to ethanol expertise firm through which Southwest is invested: SAFFiRE Renewables, LLC (SAFFiRE).
LanzaJet plans to undertake mission improvement efforts for the SAF manufacturing facility in america, with Southwest because the anchor SAF offtaker.
The biorefinery is predicted to make the most of LanzaJet’s pioneering expertise, which is able to scaling manufacturing to the degrees wanted to decarbonize aviation by broadly accessible and sustainable feedstock, rising business residue-based feedstock options, and promising economics. LanzaJet can even help Southwest’s efforts to commercialize SAFFiRE’s expertise that processes corn stover into ethanol.
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Jimmy Samartzis, Chief Govt Officer of LanzaJet mentioned:
The U.S. is an extremely essential marketplace for us – it’s our house, the place our expertise originated and scaled, the positioning of our and the world’s first business ethanol-to-SAF plant, and an essential alternative to help the present U.S. biofuels and ethanol industries with our main ethanol-to-SAF expertise.
“The alignment of Southwest and LanzaJet is a strong mixture that has the potential to combine the SAF worth chain and to double-down on the US ethanol, aviation, and biofuel industries. Our work collectively will lead us nearer to assembly aviation’s decarbonization targets by persevering with to scale SAF manufacturing in america, whereas additionally tapping into the U.S. ethanol business’s potential to catalyze the subsequent era of SAF manufacturing.”
The U.S. facility to be developed by LanzaJet can also be supposed to allow the chance to transform SAFFiRE’s cellulosic ethanol into SAF.
Bob Jordan, President & CEO of Southwest Airways mentioned:
We’re taking the subsequent step in our sustainability journey towards our purpose of internet zero by 2050.
“We stay up for working with LanzaJet, which is growing probably essential expertise that would create extra alternatives for Southwest to acquire scalable SAF, a essential part within the success of our environmental sustainability purpose to exchange 10% of our jet gas consumption with SAF by 2030.”
Southwest’s funding comes on the heels of the opening of LanzaJet Freedom Pines Fuels – the world’s first commercial-scale ethanol-to-SAF plant. Positioned in Soperton, Georgia, the historic plant is anticipated to supply SAF and renewable diesel from low-carbon and sustainable ethanol which has Worldwide Sustainability and Carbon Certification (ISCC). LanzaJet Freedom Pines Fuels serves as a blueprint for using first-of-its-kind innovation to scale SAF manufacturing and permits LanzaJet’s aspiration for 1 billion gallons of SAF manufacturing by 2030.
Southwest joins LanzaJet’s portfolio of traders and funders that features shareholders British Airways, LanzaTech, Mitsui & Co., Shell, and Suncor Power and funders comparable to Microsoft’s Local weather Innovation Fund, Breakthrough Power, and All Nippon Airways (ANA).
ABOUT LANZAJET
LanzaJet is a number one sustainable fuels expertise firm devoted to accelerating the clear power transition. As a Sustainable Aviation Gas (SAF) expertise supplier and producer with patented ethanol-based alcohol-to-jet (ATJ) expertise, LanzaJet is creating a chance for future generations by accelerating the deployment of SAF and different clear applied sciences essential to addressing the local weather disaster and reworking the worldwide economic system. Additional info is on the market at https://www.lanzajet.com/
LANZAJET ANNOUNCES $30 MILLION INVESTMENT FROM SOUTHWEST AIRLINES TO ACCELERATE COMPANY’S GROWTH AND ADVANCE U.S. SUSTAINABLE AVIATION FUEL PRODUCTION, Chicago, February 28, 2024
