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updated: 6/2/2020 9:27 AM

LanzaTech forms aviation fuel company

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SKOKIE -- Biotech company LanzaTech has launched LanzaJet Inc., a new company that will produce sustainable aviation fuel for a sector requiring climate friendly fuel options as it starts to recover from the impacts of COVID-19.

Canada's Suncor Energy Inc. and Japanese trading and investment company Mitsui & Co., Ltd. are investing $15 million and $10 million, respectively, to establish LanzaJet. The funding will be used to build a demonstration plant that will produce 10 million gallons per year of SAF and renewable diesel starting from sustainable ethanol sources.

Production is expected to start in early 2022. This initial investment coupled with participation from All Nippon Airways will complement the existing $14 million grant from the US Department of Energy, enabling the construction of an integrated biorefinery at LanzaTech's Freedom Pines site in Soperton, Georgia.