Groupe ADP invests $20m in LanzaJet

LanzaJet announced a $20m investment from Groupe ADP in a first-of-its-kind collaboration within the industry which will help LanzaJet expand its sustainable aviation fuel (SAF) technology deployment worldwide.

“We continue to lay the foundation for building the SAF industry across the entire value chain, and with this significant contribution from Groupe ADP – a first-of-its-kind in the industry, we will expand LanzaJet’s technology deployment and global growth,” said Jimmy Samartzis, CEO, LanzaJet.

​“Together, we will work towards expanding SAF production and logistics into airports to support airlines and Groupe ADP customers worldwide as the industry works collaboratively to decarbonise.”

This investment comes on the heels of LanzaJet opening Freedom Pines Fuels facility, the world’s first commercial-scale facility dedicated to converting ethanol into SAF.

“As the world’s leading airport operator, we wanted to go further and act at source by supporting the production of SAF, investing directly in LanzaJet, an innovative company able to deploy its technology responsibly around the world, and adapting to local waste to make these new fuels available everywhere” said Augustin de Romanet, CEO, Groupe ADP.

Situated in the US, the plant uses ethanol to produce SAF and renewable diesel, meeting the standards of International Sustainability and Carbon Certification (ISCC).

LanzaJet has set an ambitious goal of reaching one billion gallons of SAF production by 2030.

LanzaJet’s investor base also includes prominent players in the aviation and sustainability sectors, such as All Nippon Airways (ANA), Breakthrough Energy, British Airways, LanzaTech, Microsoft’s Climate Innovation Fund, Mitsui & Co., Shell, Southwest Airlines, and Suncor Energy.