LanzaJet, a sustainable fuels technology company and producer, has secured a $20 million investment from Groupe ADP, an airport designer and operator. This funding will allow LanzaJet to continue building its capability and capacity to deploy its sustainable aviation fuel (SAF) process technology on a global scale.
"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 follows closely after the opening of LanzaJet's Freedom Pines Fuels - the company's first commercial-scale ethanol-to-SAF plant. Located in Soperton, Georgia, the plant will produce up to 10 million gallons of SAF and renewable diesel from low-carbon and sustainable ethanol annually.
In total, the project's technology and sustainable fuel will be able to reduce greenhouse gas emissions in the aviation industry by more than 70%.
"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, and adapting to local waste to make these new fuels available everywhere," said Augustin de Romanet, CEO of Groupe ADP.
