LanzaJet Freedom Pines Fuels SAF refinery on track for early 2024 start
LanzaJet Freedom Pines SAF
LanzaTech, a carbon recycling company that converts waste carbon into sustainable raw materials, announced its third quarter results, in which it stated that the LanzaJet Freedom Pines Fuels facility is scheduled to begin producing Sustainable Aviation Fuel (SAF) in early 2024.
“The world’s first Alcohol-to-Jet SAF production facility is scheduled to begin operations in early 2024. The Freedom Pines Fuels facility is expected to produce around 10m gallons of sustainable fuels per year, including 9m gallons of SAF and 1m gallons of renewable diesel,” according to the company’s earnings release.
In April this year, LanzaJet said it set the final modules of the fully erected 10+ story biorefinery that will be the core of the site’s technology and unique design. Construction on the biorefinery, located in Georgia, US, began in August 2022.
In the third quarter, the company’s revenues increased by 142% year-over-year (YoY), from $8.1m to $19.6m.
“During the third quarter, we continued to execute against our near-term objectives including process safety and competitiveness, commercial growth, and production capacity expansion,” said Jennifer Holmgren, Board Chair and Chief Executive Officer of LanzaTech.
The company attributed the revenue increase to a rise in engineering and other services revenue from the biorefining business as projects progressed through the development pipeline, as well as a 34 percent YoY increase in the CarbonSmart business.
Revenue costs increased from $6.0m in 2022 to $14.4m in 2023 as a result of increased revenue performance and engineering costs connected with Project Dragon, the SAF project in the United Kingdom.
The company stated that it had delivered Basic Engineering Packages (BEPs) for Project Dragon. The project will use LanzaTech’s gas fermentation technology in conjunction with LanzaJet’s Alcohol-to-Jet technology to produce SAF.
However, the company reported a net loss of $25.3m due to increased research and development costs.
Want to learn more about the LanzaJet’s Freedom Pines Fuels SAF refinery? Listen to SAF Podcast with Jimmy Samartzis, CEO, LanzaJet.