Project Speedbird lands another $11.2M in government funding

November 20, 2023 |

In Illinois, Project Speedbird – a joint partnership between LanzaJet, British Airways (BA), and Nova Pangaea Technologies (NPT) – has secured new funding totalling $11.2 million from the Government’s Advanced Fuels Fund (AFF) competition.

LanzaJet, the world’s leading ethanol to Sustainable Aviation Fuel (SAF) technology company and sustainable fuels producer, and NPT, a UK-based cleantech company developing advanced biofuels used to produce SAF, will receive the funding to increase global SAF production and decarbonize the aviation industry.

It follows the multi-million-pound investments from International Airlines Group (IAG) and British Airways earlier this year into NPT and Project Speedbird, respectively. IAG – British Airways’ parent company – is also a founding investor and shareholder of LanzaJet dating back to 2021.

Category: Fuels

Thank you for visting the Digest.