LanzaTech has successfully launched LanzaJet - a new company that will produce sustainable aviation fuel (SAF).
The leading biotech company and carbon recycler aims to produce SAF for a sector requiring climate friendly fuel options as it starts to recover from the impacts of COVID-19.
Canada’s leading integrated energy company, Suncor Energy, and leading Japanese trading and investment company, Mitsui, are investing $15 million (€13.4 million)and $10 million (€8.9 million), to establish LanzaJet.
The funding will be used to build a demonstration plant that will produce 10 million gallons of SAF per year and renewable diesel starting from sustainable ethanol sources. Production is expected to start in early 2022.
This initial investment coupled with participation from All Nippon Airways (ANA) will complement the existing $14 million (€12.5 million) grant from the US Department of Energy, enabling the construction of an integrated biorefinery at LanzaTech’s Freedom Pines site in Soperton, Georgia.
In addition to its equity investment, Suncor has contracted to take a significant portion of the SAF and renewable diesel produced at the...
Popular News Stories
LATEST VIDEOHow sustainable aviation fuel (SAF) is making its way in the aviation sector