Chicago (ots/PRNewswire) – The financing supports LanzaJet’s global growth and underlines MUFG’s interest in sustainable aviation fuel
LanzaJet, a leading sustainable fuel technology company and sustainable fuel manufacturer, today announced an investment from MUFG, one of the world’s leading financial groups with approximately $2.9 trillion in total assets. The investment enables LanzaJet to further expand its capabilities and capacity to utilize its proprietary process technology to convert ethanol into sustainable aviation fuel (SAF).
“We continue to build a leading team of investors across the SAF value chain who believe in LanzaJet’s ability to decarbonize aviation, which will both combat climate change and grow the global economy,” said Jimmy Samartzis, Chief Executive Officer of LanzaJet. “MUFG’s investment enables LanzaJet to scale SAF production as one of the world’s leading financial groups supports infrastructure development worldwide.”
MUFG’s investment is part of LanzaJet’s current $100 million growth capital financing round, supported by leading companies from various industries and around the world. In recent months, LanzaJet has announced investments from Southwest Airlines, Microsoft, Groupe ADP and now MUFG. As SAF production continues to expand, LanzaJet maintains its role in the development of the industry by continuing its work to build the ecosystem necessary for SAF to decarbonize aviation. LanzaJet continues its leadership by commercializing its next-generation ethanol-to-SAF technology and opening its fully funded LanzaJet Freedom Pines Fuels biorefinery – the world’s first commercial-scale ethanol-to-SAF facility. The historic facility in the United States will produce SAF and renewable diesel from low-carbon and sustainable ethanol and achieve International Sustainability and Carbon Certification (ISCC).
“MUFG is committed to redefining the future of finance by prioritizing innovative and sustainable industry solutions. Our strategic support for LanzaJet is a great example of this commitment and shows that we believe in the critical role of sustainable fuels in the economic and ecological well-being of the companies we serve,” said Koichiro Oshima, Managing Executive Officer, Head of Financial Solutions Group, MUFG Bank, Ltd. “This partnership not only aligns with our mission to drive progress, but also underscores our commitment to effecting positive change. By investing in sustainable pathways, we aim to ensure the resilience and success of our stakeholders and pave the way for a more sustainable and prosperous one Pave the future for everyone.
In addition to MUFG, LanzaJet’s investors and backers include All Nippon Airways (ANA), Breakthrough Energy, British Airways, Groupe ADP, LanzaTech, Microsoft’s Climate Innovation Fund, Mitsui & Co, Shell, Southwest Airlines and Suncor Energy.
ABOUT LANZAJET
LanzaJet is a leading sustainable fuels technology company committed to accelerating the clean energy transition. As a provider and manufacturer of Sustainable Aviation Fuel (SAF) technology with patented ethanol-based Alcohol-to-Jet (ATJ) technology, LanzaJet is creating an opportunity for future generations by advancing the use of SAF and other clean energies necessary for the Addressing the climate crisis and transforming the global economy are crucial. For more information, see https://www.lanzajet.com/
ABOUT MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. MUFG is headquartered in Tokyo and can look back on over 360 years of history. It has a global network with around 2,100 locations in more than 40 countries. MUFG employs nearly 120,000 people and provides commercial banking, trust banking, securities, credit cards, consumer finance, wealth management and leasing services. Through close collaboration between our operating companies, the Group aims to be “the most trusted financial group in the world”, responding flexibly to all of our customers’ financial needs, serving society and promoting shared and sustainable growth for a better world. MUFG shares are traded on the Tokyo, Nagoya and New York stock exchanges.
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