LanzaJet Announces $20M Investment from Global Airport Operator Groupe ADP
The investment marks the first time an airport owner and operator has invested in a sustainable aviation fuel (SAF) company.
(Chicago, Illinois) Sustainable fuels technology company LanzaJet today announced a $20 million investment from leading airport design and operations firm Groupe ADP, which will enable LanzaJet to continue building its capability and capacity to deploy its sustainable aviation fuels (SAF) process technology globally.
Photo courtesy of LanzaJet.
“We continue to lay the foundation for building the SAF industry across the entire value chain, and with this significant contribution from Groupe ADP – a first-of-its-kind in the industry, we will expand LanzaJet’s technology deployment and global growth,” said LanzaJet Chief Executive Officer Jimmy Samartzis. “Together, we will work towards expanding Sustainable Aviation Fuel production and logistics into airports to support airlines and Groupe ADP customers worldwide as the industry works collaboratively to decarbonize.”
ADP’s investment comes in the wake of the recent (January 25th) opening of LanzaJet’s Freedom Pines Fuels, the world’s first ethanol-to-SAF facility, in Soperton, Georgia. Per today’s press release from LanzaJet, LanzaJet Freedom Pines Fuels serves as a blueprint for utilizing first-of-its-kind innovation to scale SAF production and enables LanzaJet’s aspiration for one billion gallons of SAF production by 2030.
“Low-carbon aviation will not take off without the transformation of airports into energy hubs with a range of low-carbon solutions,” Groupe ADP Chief Executive Officer Augustin de Romanet. “The airport revolution must happen now, and it is underway in Paris. As the world’s leading airport operator, we wanted to go further and act at source by supporting the production of sustainable aviation fuel, investing directly in LanzaJet, an innovative company able to deploy its technology responsibly around the world, and adapting to local waste to make these new fuels available everywhere.”
In addition to ADP, LanzaJet’s portfolio of investors and funders includes All Nippon Airways (ANA), Bill Gates’s Breakthrough Energy, British Airways, LanzaTech, Microsoft’s Climate Innovation Fund, Mitsui & Co., Shell, Southwest Airlines, and Suncor Energy.
