LANZAJET ANNOUNCES INVESTMENT FROM MICROSOFT'S CLIMATE INNOVATION FUND, SUPPORTING CONTINUED COMPANY GROWTH - PR Newswire APAC
Summary
This investment from Microsoft enables LanzaJet to continue building its capability and capacity to deploy its sustainable fuels process technology globally. LanzaJet Freedom Pines Fuels will begin annual production of 10 million gallons of SAF and renewable diesel in the second quarter of 2024. "Through its support of LanzaJets first-of-a-kind ethanol to SAF biorefinery, LanzaJet Freedom Pines Fuels, Microsoft has played a significant role in making SAF production a reality in the United States, and this investment reemphasizes its urgent commitment to decarbonization of hard-to-abate sectors. "Microsoft is investing in partners who share our commitment to advancing a net-zero economy and who are building the market for critical solutions like SAF and renewable diesel. "In addition to Microsoft, LanzaJets portfolio of investors and funders includes All Nippon Airways (ANA), Breakthrough Energy, British Airways, LanzaTech, Mitsui & Co., Shell, Southwest Airlines, and Suncor Energy.LanzaJet is a leading sustainable fuels technology company dedicated to accelerating the clean energy transition.