LanzaTech Earnings Soar on SAF

Cindy Zimmerman

LanzaTech is reporting a six percent increase in revenue the first quarter of this year over 2023, thanks in part to a boost from its sustainable aviation fuel (SAF) investment in LanzaJet.

“The robust growth in LanzaJet and the SAF market more broadly mirrors the rising demand for our waste-based ethanol, reflecting the expansion and impact of our commercial project pipeline, as well as the growing focus on and adoption of alternative aviation fuels. We’re laying the groundwork for the emerging carbon economy, supported by our steadfast commitment and clear financial path forward, ensuring our efforts today shape a sustainable, deliberate future.” said Jennifer Holmgren, Board Chair and Chief Executive Officer of LanzaTech.

LanzaJet opened its 10 million gallon per year ethanol-to-sustainable aviation fuel (SAF) facility in January 2024 and is on track for production of fuel in the second quarter 2024. Located in Soperton, Georgia, LanzaJet Freedom Pines Fuels represents one of the most promising SAF technologies in nearly a decade to reach commercial readiness.

aviation biofuels, biojet fuel, Ethanol, Ethanol News, SAF, Uncategorized