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Shell invests in LanzaJet to speed up deliveries of its synthetic aviation fuel – TechCrunch

Shell invests in LanzaJet to speed up deliveries of its synthetic aviation fuel The energy giant Shell has joined a slew of strategic investors including All Nippon Airways, Suncor Energy, Mitsui, and British Airways in funding LanzaJet, the company commercializing a process to convert alcohol into jet fuel.  A spin-off from LanzaTech, one of the last surviving climate tech startups from the first cleantech boom that’s still privately held, LanzaJet is taking a phased investment approach with its corporate backers, enabling them to invest additional capital as the company scales to larger production facilities. Terms of the initial investment, or LanzaJet’s valuation after the commitment, were not disclosed.

LanzaJet Gets Backing From Shell For SAF Production Scale Up

Share April 06, 2021 Credit: LanzaJet Oil and gas giant Shell has invested in sustainable aviation fuel producer LanzaJet, joining backers including British Airways and All Nippon Airways. LanzaJet is constructing its first 10 million gal./year ethanol-to-jet-fuel plant in Soperton, Georgia, with operations planned to begin in 2022. Subscription Required LanzaJet Gets Backing From Shell For SAF Production Scale Up is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership. Already a member of AWIN or subscribe to Aerospace Daily & Defense Report through your company? Login with your existing email and password.

Shell Invests in LanzaJet to Further Accelerate the Global Commercialization of LanzaJet s Leading Alcohol-to-Jet Technology to Address the Aviation Sector s Urgent Need to Decarbonise

Home / Press Release / Shell Invests in LanzaJet to Further Accelerate the Global Commercialization of LanzaJet’s Leading Alcohol-to-Jet Technology to Address the Aviation Sector’s Urgent Need to Decarbonise Shell Invests in LanzaJet to Further Accelerate the Global Commercialization of LanzaJet’s Leading Alcohol-to-Jet Technology to Address the Aviation Sector’s Urgent Need to Decarbonise CHICAGO, April 06, 2021 (GLOBE NEWSWIRE) Our world is at an inflection point – one that requires action today, solutions that work, and meaningful progress toward decarbonizing industries and our society. LanzaJet, Inc., a leading sustainable fuels technology company and sustainable fuels producer, announced today that Shell joins as an investor in the company to advance LanzaJet’s global growth, accelerate commercialization of its technology, and scale the production of Sustainable Aviation Fuel (SAF).

Shell Invests in LanzaJet to Further Accelerate the Global Commercialization of LanzaJet s Leading Alcohol-to-Jet Technology to Address the Aviation Sector s Urgent Need to Decarbonise | Comunicados | Edición USA

Shell Invests in LanzaJet to Further Accelerate the Global Commercialization of LanzaJet s Leading Alcohol-to-Jet Technology to Address the Aviation Sector s Urgent Need to Decarbonise | Comunicados | Edición USA
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