LanzaJet Receives Key Investment from MUFG to Scale Cutting-Edge Fuel Technology

Wednesday, June 26, 2024

LanzaJet, a top sustainable fuels technology company and producer, announced today an investment from MUFG, a global financial leader with assets totaling around $2.9 trillion. This investment allows LanzaJet to further develop its capability and capacity to implement its unique ethanol to sustainable aviation fuel (SAF) process technology.

“We continue to build a leading team of investors along the SAF value chain who believe in LanzaJet’s ability to decarbonize aviation, which will both address climate change and enable the global economy,” said Jimmy Samartzis, Chief Executive Officer of LanzaJet. “The investment from MUFG further enables LanzaJet’s efforts to scale SAF production, with one of the world’s leading financial groups enabling the development of infrastructure globally.”

MUFG’s investment is part of LanzaJet’s ongoing $100 million growth equity funding round, supported by leading global companies. Recently, LanzaJet has secured investments from Southwest Airlines, Microsoft, Groupe ADP, and now MUFG. As SAF production scales up, LanzaJet remains pivotal in the industry’s development by building the ecosystem needed to decarbonize aviation through SAF. LanzaJet leads the way by commercializing its next-generation ethanol-to-SAF technology and launching the fully-funded LanzaJet Freedom Pines Fuels biorefinery, the world’s first commercial-scale ethanol-to-SAF plant. Located in the U.S., this groundbreaking facility will produce SAF and renewable diesel from low-carbon, sustainable ethanol and will achieve International Sustainability and Carbon Certification (ISCC).

“MUFG is deeply committed to redefining the future of finance by prioritizing innovative and sustainable industry solutions. Our strategic support for LanzaJet is a prime example of this commitment, signifying our belief in the critical role of sustainable fuels for the economic and environmental well-being of the businesses we serve,” said Koichiro Oshima, Managing Executive Officer, Head of Financial Solutions Group, MUFG Bank, Ltd. “This partnership not only aligns with our mission to drive progress but also showcases our dedication to catalyzing positive change. By investing in sustainable pathways, we aim to ensure the resilience and success ofour stakeholders, paving the way for a more sustainable and prosperous future for all.”

Alongside MUFG, LanzaJet’s roster of investors and funders features All Nippon Airways (ANA), Breakthrough Energy, British Airways, Groupe ADP, LanzaTech, Microsoft’s Climate Innovation Fund, Mitsui & Co., Shell, Southwest Airlines, and Suncor Energy.