LanzaJet Secures $20 Million Investment from Groupe ADP to Boost SAF Technology
Strategic Partnership to Accelerate Global Deployment of Sustainable Aviation Fuel Solutions
May 16, 2024
Lanzajet new SAF facility
Image source: Lanzajet
Summary: LanzaJet has announced a landmark $20 million investment from Groupe ADP, a leading global airport operator. This funding will enhance LanzaJet's ability to expand its sustainable aviation fuel (SAF) technology worldwide, advancing the company's growth and innovation in SAF production.

Chicago – LanzaJet, a pioneering sustainable fuels technology company, announced today a significant $20 million investment from Groupe ADP, the world leader in airport design and operations. This first-of-its-kind investment from an airport operator will bolster LanzaJet’s efforts to globally deploy its sustainable aviation fuels (SAF) process technology, essential for the future of air travel.

“With this significant contribution from Groupe ADP, we will expand LanzaJet’s technology deployment and global growth,” said Jimmy Samartzis, CEO of LanzaJet.

“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.”

Groupe ADP’s investment follows the recent opening of LanzaJet Freedom Pines Fuels, the world’s first commercial-scale ethanol-to-SAF plant, located in the United States. This historic facility will produce SAF and renewable diesel from low-carbon ethanol and aims to achieve International Sustainability and Carbon Certification (ISCC). The Freedom Pines Fuels plant serves as a model for scaling SAF production and supports LanzaJet’s goal of producing one billion gallons of SAF 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.

LanzaJet’s growing portfolio of investors includes major industry players such as All Nippon Airways (ANA), Breakthrough Energy, British Airways, LanzaTech, Microsoft’s Climate Innovation Fund, Mitsui & Co., Shell, Southwest Airlines, and Suncor Energy.

Source: Lanzajet
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