In Illinois, LanzaTech Global, Inc. announced an increase in its holdings of LanzaJet, Inc., a sustainable aviation fuel technology provider and fuels producer, to 53%.
This announcement follows the successful commissioning and production of ASTM-certified sustainable fuels including Synthetic Paraffinic Kerosene (SPK) and Renewable Diesel (RD) at LanzaJet’s Freedom Pines Fuels facility in Soperton, Georgia.
This ownership increase is in accordance with a previously signed agreement which allowed LanzaJet to further sublicense the Alcohol-to-Jet (ATJ) technology in exchange for additional equity issued to LanzaTech.
LanzaTech’s platform, originally developed in collaboration with the Pacific Northwest National Lab and the U.S. Department of Energy, enables the production of ethanol from a variety of carbon sources, including agricultural residues, which LanzaJet can use to produce sustainable aviation fuel using its ATJ technology.
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