Microsoft's Climate Innovation Fund Invests in LanzaJet


   
   OAKHURST, N.J. (DTN) --- LanzaJet today announced an investment from 
Microsoft's Climate Innovation Fund, enabling LanzaJet to continue building its 
capability and capacity to deploy its sustainable fuels process technology.

   In addition, LanzaJet and Microsoft intend to explore how Microsoft can 
supply its data and artificial intelligence capabilities to improve LanzaJet's 
corporate functions and ethanol to Sustainable Aviation Fuel process technology.

   This investment in LanzaJet follows a $50 million project finance investment 
from Microsoft's Climate Innovation Fund in 2022 to support the construction of 
LanzaJet Freedom Pine Fuels in Soperton, Georgia, the world's first ethanol to 
SAF production plant, which opened in January. LanzaJet Freedom Pines Fuels 
will begin annual production of 10 million gallons of SAF and renewable diesel 
in the current quarter.

   "Our continued alignment with Microsoft allows LanzaJet to build our team 
and capability at pace to support global deployment of our leading sustainable 
fuels process technology," said Jimmy Samartzis, CEO of LanzaJet. "Through its 
support of LanzaJet's 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's investment in LanzaJet enables it to gain access to sustainable 
fuels -- SAF and Renewable Diesel -- as well as SAF Certificates from future 
LanzaJet projects. Access to these products will help Microsoft on the path to 
becoming carbon negative by 2050.

   In addition to Microsoft, LanzaJet's portfolio of investors and funders 
includes All Nippon Airways, Breakthrough Energy, British Airways, LanzaTech, 
Mitsui and Co., Shell, Southwest Airlines, and Suncor Energy.




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