MUFG invests in LanzaJet for ethanol-to-SAF
The investment enables LanzaJet to continue building its capability and capacity to deploy its proprietary ethanol to sustainable aviation fuel (SAF) process technology.
LanzaJet Freedom Pines Fuels
World’s leading sustainable fuels producer LanzaJet has announced that it has received an investment from MUFG- one of the leading financial groups globally with total assets of approximately $2.9 trillion. The investment enables LanzaJet to continue building its capability and capacity to deploy its proprietary ethanol to sustainable aviation fuel (SAF) process technology.
Jimmy Samartzis, Chief Executive Officer of LanzaJet, held, “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.” The quantum of this specific investment is not disclosed by the energy firm.
MUFG’s investment is part of LanzaJet’s current $100 million growth equity funding round, with support from leading companies across industries and around the world. In the last few months, LanzaJet has announced investments from Southwest Airlines, Microsoft, Groupe ADP, and now MUFG. While SAF production continues to scale, the company maintains its role in developing the industry by continuing its work building the ecosystem required to decarbonize aviation through SAF.
LanzaJet said that it continues to be at the forefront by commercializing its next generation ethanol-to-SAF technology and opening its fully-funded LanzaJet Freedom Pines Fuels biorefinery – the world’s first commercial-scale ethanol-to-SAF plant. Located in the United States, the historic plant will produce SAF and renewable diesel from low-carbon and sustainable ethanol and achieve International Sustainability and Carbon Certification (ISCC).
“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, Ltd
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.
