LanzaJet Secures $47M in New Funding, Valued at $650M
- LanzaJet announced a $135M equity round at a $650M valuation, with $47M secured from existing investors.
- The investment supports LanzaJet's ATJ technology and operations at Freedom Pines Fuels in Georgia.
- LanzaJet received a UK grant for Project Speedbird, a SAF biorefinery in Teesside.
- A multi-year tolling structure ensures feedstock supply and offtake for low carbon SAF and diesel.
Investment Details
LanzaJet announced the first close of a $135 million equity investment round, valuing the company at $650 million pre-money. The round is co-led by International Airlines Group (IAG) and Shell, with participation from Groupe ADP, LanzaTech, and Mitsui, all of whom are existing shareholders.
Support for ATJ Technology
The investment will support the growth and commercial deployment of LanzaJet's Alcohol-to-Jet (ATJ) technology at the Freedom Pines Fuels facility in Georgia, the world's first fully integrated, commercial-scale ethanol-to-fuels plant.
UK Grant for Project Speedbird
LanzaJet received a grant from the UK Department for Transport’s Advanced Fuels Fund to accelerate the development of Project Speedbird, a major sustainable aviation fuel (SAF) biorefinery in Teesside, United Kingdom.
Tolling Structure and Feedstock Supply
LanzaJet is entering a multi-year tolling structure at its Freedom Pines Fuels facility, using low carbon, waste-based ethanol and renewable natural gas to produce low carbon SAF and renewable diesel fuel. This structure secures feedstock supply and guarantees offtake of all production at the plant.
Source: LanzaJet