Over a fifteen year stretch, LanzaTech has developed technologies that can turn carbon emissions into ethanol that can be used for chemicals and fuel. Today, the company announced the spinout of LanzaJet alongside its corporate partners Mitsui, Suncor, and All Nippon Airways, to bring sustainable aviation fuel to the commercial market.
The new company has launched with commitments from the Japanese trading and investment company, Mitsui & Co. and Canadian oil and gas producer Suncor Energy to invest $85 million to back the first pilot and development scale facilities that LanzaJet will be constructing.
The first tranche of money, a $25 million commitment from Suncor and Mitsui will be used to build a demonstration plant that will produce 10 million gallons per year of sustainable aviation fuel and renewable diesel starting from sustainable ethanol sources.
For LanzaTech chief executive, Jennifer Holmgren, the launch of LanzaJet is the next step in the process of bringing her company’s technology, which promises to reduce greenhouse gas emissions and curb climate change by creating a more circular carbon economy, to market.
LanzaTech bills itself as a leader in gas fermentation, a process that takes industrial gases and makes sustainable fuels and chemicals from industrial …read more
Source: Tech Crunch