Sustainable aviation gas (SAF) expertise and manufacturing firm LanzaJet introduced that it has raised $47 million, together with the primary shut of a brand new fairness financing spherical and a UK grant, with proceeds geared toward increasing the business deployment of its expertise to show waste-based ethanol into low carbon jet gas.
The brand new funding spherical, valuing LanzaJet (pre-money) at a $650 million enterprise worth, is co-led by Worldwide Airways Group (IAG) – the guardian firm of airways together with Aer Lingus, British Airways, Iberia, Vueling and LEVELand – and Shell. LanzaJet stated that it’s focusing on $135 million for the fairness spherical.
Launched in 2020 by carbon recycling expertise firm LanzaTech, Illinois-based LanzaJet has developed “Alcohol-to-Jet” expertise enabling the creation of SAF and renewable diesel from waste-based and sustainable ethanol sources together with feedstocks equivalent to low-carbon sugarcane, vitality crops, forest residuals, agricultural wastes, and natural waste.
LanzaJet introduced in November 2025 that it absolutely operated and produced fuels at its LanzaJet Freedom Pines Fuels facility in Soperton, Georgia. The corporate has invested over $300 million to develop the power, which has the capability to provide as much as 10 million gallons per yr of gas of SAF and renewable diesel, and already has offtake agreements in place for the subsequent ten years.
The corporate additionally introduced the introduction of a brand new tolling construction on the Freedom Pines facility, with an settlement to make use of a low carbon, waste-based ethanol produced domestically within the U.S., together with renewable pure fuel from a regional plant, which the corporate stated will present a secured feedstock provide and assured offtake of all manufacturing on the plant.
Along with the fairness financing, LanzaJet additionally introduced that has been awarded a substantial grant from the UK Division for Transport’s Superior Fuels Fund (AFF) to speed up growth of its Venture Speedbird, a main SAF biorefinery in Teesside, United Kingdom.
Along with IAG and Shell, traders collaborating within the fairness financing included Groupe ADP, LanzaTech, and Mitsui. Every of the traders have made prior investments within the firm.
Jimmy Samartzis, Chief Government Officer of LanzaJet, stated:
“The choice by our present traders to steer this fundraising spherical reaffirms their conviction in our expertise and sends a powerful sign to your complete trade that LanzaJet is dedicated to unlocking new worth for ethanol, creating alternative for financial growth, and defining the way forward for fuels for transportation.”
