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LanzaJet in $100m investment round

The Illinois-based ethanol-to-SAF producer has received commitments from Microsoft and Southwest Airlines.

LanzaJet, the Illinois-based sustainable fuels technology and fuels company, is in a $100m investment round with commitments already made from brand name tech and airline majors, LanzaTech CEO Jennifer Holmgren said in an earnings call on Thursday.

The raise has received commitments from Microsoft Climate Innovation Fund and Southwest Airlines, she said.

LanzaJet announced an investment from Microsoft in April. The company, launched by LanzaTech in 2020, recently opened the Freedom Pines Fuels SAF production facility in Georgia.

“We remain bullish on sustainable aviation fuel,” Holmgren said.

LanzaTech holds about 25% in LanzaJet, she said. The capital raise is non-dilutive to LanzaTech.
Additional shareholders in LanzaJet include International Airlines Group (IAG), Mitsui & Co, Shell, and Suncor Energy along with Breakthrough Energy, British Airways, and All Nippon Airways (ANA).

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