LanzaJet to receive up to $20m in financing for next growth phase.
LanzaJet, a US based Alcohol-to-Jet (AtJ) technology provider and sustainable aviation fuel (SAF) producer secures at least $20m in committed financing.
This financing is supported by LanzaTech Global, Venture Capitalist Vinod Khosla and the LanzaJet board. The first close occurred on October 14th and the full financing is expected to close by December 2026.
This financing will support the company’s next growth phase and operations of its Freedom Pines facility in Soperton, Georgia. The Freedom Pies facility is the world’s first commercial-scale AtJ production facility, with a nameplate capacity of 10m gallons/year.
“LanzaJet has exceptional people, differentiated technology and an important role to play in scaling sustainable aviation fuel,” said Jennifer Holmgren, CEO, LanzaTech and Chair and interim CEO, LanzaJet. “LanzaTech began developing alcohol-to-jet technology in 2012 in partnership with the U.S. Department of Energy’s Pacific Northwest National Laboratory, and since 2020, LanzaJet has had the strong backing of global investors and funders. LanzaTech has taken first-of-a-kind technology to profitable commercial operation. With a larger ownership stake and the Board’s full support, we look forward to bringing Freedom Pines Fuels and future LanzaJet plants to the same commercial success.”
LanzaJet’s technology converts ethanol from a variety of sources, allowing for flexibility in feedstock supply from regionally available sources to importation from strong ethanol markets such as Brazil.
After the recent announcement of LanzaJet CEO Jimmy Samartzis stepping down from his role, Jennifer Holmgren takes the role of interim CEO of LanzaJet. Holmgren will also continue as chair of the board and CEO of LanzaTech Global.