LanzaTech, a leader in carbon transformation technology, increased its holdings in LanzaJet to 53%.
The announcement follows the successful production of sustainable aviation fuels at LanzaJet's facility in Georgia.
This ownership increase reinforces LanzaTech's commitment to sustainable aviation fuel technology.
Ownership Stake
LanzaTech's stake in LanzaJet reached 53%, showing a significant investment in sustainable aviation fuel technology.
Ethanol-to-Jet Technology
LanzaTech's platform enables the production of ethanol for LanzaJet's sustainable aviation fuel production.
Strategic Decision
The decision to spin out LanzaJet in 2020 aimed to accelerate the development of ethanol-to-jet solutions.
- LanzaTech's increased stake in LanzaJet strengthens the sustainable fuels sector.
- The success of LanzaJet's facility demonstrates the viability of using diverse feedstocks for aviation fuel production.
LanzaTech's increased ownership in LanzaJet signifies a significant step towards sustainable aviation fuel production. This strategic move aligns with LanzaTech's goal of reducing aviation emissions and promoting supply chain resilience.