LanzaJet investment helps boost SAF plans
LanzaJet secures a groundbreaking $20 million investment from Groupe ADP, paving the way for global expansion of sustainable aviation fuels (SAF). With this boost, LanzaJet aims to bolster its technology deployment and capacity worldwide. Augustin de Romanet, CEO of Groupe ADP, emphasizes the urgency of airport transformation for low-carbon solutions. Recently inaugurated, LanzaJet’s Freedom Pines Fuels plant in the US marks a milestone in ethanol-to-SAF production, driving the industry towards decarbonization.
LanzaJet has revealed a $20 million (€18.4 million) investment from Groupe ADP – a 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, chief executive officer 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 decarbonise.”
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).
“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.
Source Link: https://biofuels-news.com/news/lanzajet-investment-helps-boost-saf-plans/
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