April 23, 2024 [Travel And Tour World]- LanzaJet, a prominent provider of sustainable fuel technology and production, announced a new investment from Microsoft’s Climate Innovation Fund. This financial support will enhance LanzaJet’s global expansion of its sustainable fuel technologies. Additionally, the collaboration will explore the potential integration of Microsoft’s data and AI capabilities into LanzaJet’s operational and ethanol-to-Sustainable Aviation Fuel (SAF) conversion processes.
This announcement follows a significant $50 million project finance investment by Microsoft in 2022, which supported the construction of LanzaJet Freedom Pines Fuels in Soperton, Georgia. This facility, the first in the world to convert ethanol into SAF, commenced operations in January 2024. It is expected to start producing 10 million gallons of SAF and renewable diesel annually from the second quarter of 2024.
“Their continued alignment with Microsoft allows LanzaJet to build their team and capability at pace to support global deployment of our leading sustainable fuels process technology,” said Jimmy Samartzis, Chief Executive Officer of LanzaJet. “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 also positions Microsoft to secure supplies of SAF and Renewable Diesel, along with SAF Certificates (SAFc) from future LanzaJet projects. These products are crucial for Microsoft’s goal of achieving a carbon-negative status by 2030.
“Microsoft is proud to support LanzaJet with our investment in the growth of its sustainable fuel technology business,” said Brandon Middaugh, senior director, Climate Innovation Fund, Microsoft. “Microsoft is investing in partners who share our commitment to advancing a net-zero economy and who are building the market for critical solutions like SAF and renewable diesel.”
LanzaJet’s investment base also includes major entities such as All Nippon Airways (ANA), Breakthrough Energy, British Airways, LanzaTech, Mitsui & Co., Shell, Southwest Airlines, and Suncor Energy.
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