LanzaJet, a sustainable fuels technology company and sustainable fuels producer, has announced an investment from Microsoft's Climate Innovation Fund to continue building its capability and capacity to deploy its sustainable fuels process technology globally.
Additionally, Microsoft will explore how providing its data and artificial intelligence (AI) capabilities can improve LanzaJet's corporate functions and ethanol to Sustainable Aviation Fuel (SAF) process technology.
The investment in LanzaJet follows a $50 million project finance investment from Microsoft's Climate Innovation Fund in 2022 to support the construction of LanzaJet Freedom Pines Fuels in Soperton, Georgia - an ethanol to SAF production plant, which opened in January 2024.
LanzaJet Freedom Pines Fuels will begin the annual production of 10 million gallons of SAF and renewable diesel in Q2 2024.
"Our continued alignment with Microsoft allows LanzaJet to build our team and capability at pace to support the global deployment of our leading sustainable fuels process technology," said Jimmy Samartzis, LanzaJet CEO. "Through its support of LanzaJet's first-of-a-kind ethanol to SAF biorefinery, LanzaJet Freedom Pines Fuels, Microsoft has played a significant role in making SAF production a reality in the United States, and this investment reemphasizes its urgent commitment to decarbonization of hard-to-abate sectors."
The investment will not only help Microsoft utilize sustainable fuels, SAF, renewable diesel, and SAF Certificates from future LanzaJet projects but also help Microsoft on its journey to become carbon-negative by 2030.
LanzaJet's portfolio of investors and funders also includes All Nippon Airways, Breakthrough Energy, British Airways, LanzaTech, Mitsui & Co., Shell, Southwest Airlines, and Suncor Energy.
