LanzaJet Announces $20 Million Investment From Global Airport Operator Groupe ADP
LanzaJet announced a $20 million investment from Groupe ADP on May 16 to expand its sustainable aviation fuels (SAF) technology globally. The investment follows the opening of LanzaJet Freedom Pines Fuels, the world’s first commercial-scale ethanol-to-SAF plant in the U.S., aimed at producing SAF and renewable diesel. This partnership supports the goal of producing one billion gallons of SAF by 2030. Other investors include ANA, Breakthrough Energy, British Airways, and Microsoft’s Climate Innovation Fund.
LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, on May 16 announced a $20 million investment from Groupe ADP, the world leader in airport design and operations. The investment enables LanzaJet to continue building its capability and capacity to deploy its sustainable aviation fuels (SAF) process technology globally.
“We continue to lay the foundation for building the SAF industry across the entire value chain, and with this significant contribution from Groupe ADP – a first-of-its-kind in the industry, we will expand LanzaJet’s technology deployment and global growth,” said Jimmy Samartzis, CEO of LanzaJet. “Together, we will work towards expanding Sustainable Aviation Fuel production and logistics into airports to support airlines and Groupe ADP customers worldwide as the industry works collaboratively to decarbonize.”
ADP’s investment in LanzaJet comes as the company recently opened LanzaJet Freedom Pines Fuels – the world’s first commercial-scale ethanol-to-SAF plant. Located in the United States, the historic plant will produce SAF and renewable diesel from low-carbon and sustainable ethanol and achieve International Sustainability and Carbon Certification (ISCC). LanzaJet Freedom Pines Fuels serves as a blueprint for utilizing first-of-its-kind innovation to scale SAF production and enables LanzaJet’s aspiration for one billion gallons of SAF production by 2030.
“Low-carbon aviation will not take off without the transformation of airports into energy hubs with a range of low-carbon solutions. The airport revolution must happen now, and it is underway in Paris. As the world’s leading airport operator, we wanted to go further and act at source by supporting the production of sustainable aviation fuel, investing directly in LanzaJet, an innovative company able to deploy its technology responsibly around the world, and adapting to local waste to make these new fuels available everywhere” said Augustin de Romanet, CEO of Groupe ADP.
In addition to ADP, LanzaJet’s portfolio of investors and funders includes All Nippon Airways (ANA), Breakthrough Energy, British Airways, LanzaTech, Microsoft’s Climate Innovation Fund, Mitsui & Co., Shell, Southwest Airlines, and Suncor Energy.
Source Link : https://ethanolproducer.com/articles/lanzajet-announces-20-million-investment-from-global-airport-operator-groupe-adp
Recommended for you
Leave a Reply
Leave a Reply
