LanzaJet closes first round of $135M target equity raise
In Illinois, LanzaJet, Inc., a leading next-gen fuels technology company and fuels producer, announced the first close of an overall $135 million target equity investment round, at a $650 million pre-money enterprise valuation. The round is co-led by IAG and Shell, with participation from Groupe ADP, LanzaTech, and Mitsui – all existing shareholders who are expanding their investment in LanzaJet’s growth and operations at LanzaJet Freedom Pines Fuels in Soperton, Georgia, USA – the world’s first fully integrated, commercial-scale ethanol-to-fuels plant. The continued investment from these industry leaders underscores strong confidence in the future of sustainable aviation fuel and LanzaJet’s proprietary ATJ technology. The financing will support existing and future commercial deployments of its ATJ technology, allowing LanzaJet to capitalize on its deep portfolio of global opportunities.
Separately, LanzaJet was previously awarded a substantial grant from the UK Department for Transport’s Advanced Fuels Fund (AFF) to accelerate development of its Project Speedbird, a major SAF biorefinery in Teesside, United Kingdom. The first close of the equity round and the grant together provide LanzaJet with $47 million in capital.
Category: Fuels
