MUFG invests in LanzaJet

Sustainable fuel technology developer LanzaJet announced that it has received investment from MUFG bank as part of its ongoing $100m funding round joining the likes of Southwest Airlines, Microsoft and Groupe ADP.

“MUFG is deeply committed to redefining the future of finance by prioritizing innovative and sustainable industry solutions. Our strategic support for LanzaJet is a prime example of this commitment, signifying our belief in the critical role of sustainable fuels for the economic and environmental well-being of the businesses we serve,” said Koichiro Oshima, managing executive officer, head of financial solutions group, MUFG Bank.

LanzJet said the investment from MUFG will help the company increase its capabilities and technological capacity to deploy their ethanol-to-sustainable aviation fuel (SAF) technology.

The SAF company recently commercialised its next generation ethanol-to-SAF technology and launched the world’s first commercial-scale ethanol-to-SAF Freedom Pines Fuels biorefinery.

Located in the United States, the plant will produce SAF and renewable diesel from low-carbon and sustainable ethanol and achieve International Sustainability and Carbon Certification (ISCC).

“We continue to build a leading team of investors along the SAF value chain who believe in LanzaJet’s ability to decarbonise aviation, which will both address climate change and enable the global economy,” said Jimmy Samartzis, CEO, LanzaJet.

​“The investment from MUFG further enables LanzaJet’s efforts to scale SAF production, with one of the world’s leading financial groups enabling the development of infrastructure globally.”

In addition to MUFG, LanzaJet’s portfolio of investors and funders includes All Nippon Airways (ANA), Breakthrough Energy, British Airways, Groupe ADP, LanzaTech, Microsoft’s Climate Innovation Fund, Mitsui & Co., Shell, Southwest Airlines, and Suncor Energy.