Investment by Airport Owner and Operator in Sustainable
Aviation Fuel (SAF) Technology and Development Supports LanzaJet
Growth and Addresses Important Role in SAF Ecosystem
CHICAGO, May 16, 2024 /PRNewswire/ -- LanzaJet, a leading
sustainable fuels technology company and sustainable fuels
producer, today announced a $20
million investment from Groupe ADP, the world leader in
airport design and operations. The investment enables LanzaJet to
continue building its capability and capacity to deploy its
sustainable aviation fuels (SAF) process technology globally.
"We continue to lay the foundation for building the SAF industry
across the entire value chain, and with this significant
contribution from Groupe ADP – a first-of-its-kind in the industry,
we will expand LanzaJet's technology deployment and global growth,"
said Jimmy Samartzis, Chief
Executive Officer of LanzaJet. "Together, we will work towards
expanding Sustainable Aviation Fuel production and logistics into
airports to support airlines and Groupe ADP customers worldwide as
the industry works collaboratively to decarbonize."
ADP's investment in LanzaJet comes as the company recently
opened LanzaJet Freedom Pines Fuels – the world's first
commercial-scale ethanol-to-SAF plant. Located in the United States, the historic plant will
produce SAF and renewable diesel from low-carbon and sustainable
ethanol and achieve International Sustainability and Carbon
Certification (ISCC). LanzaJet Freedom Pines Fuels serves as a
blueprint for utilizing first-of-its-kind innovation to scale SAF
production and enables LanzaJet's aspiration for one billion
gallons of SAF production by 2030.
"Low-carbon aviation will not take off without the
transformation of airports into energy hubs with a range of
low-carbon solutions. The airport revolution must happen now, and
it is underway in Paris. As the
world's leading airport operator, we wanted to go further and act
at source by supporting the production of sustainable aviation
fuel, investing directly in LanzaJet, an innovative company able to
deploy its technology responsibly around the world, and adapting to
local waste to make these new fuels available everywhere" said
Augustin de Romanet, CEO of Groupe
ADP.
In addition to ADP, LanzaJet's portfolio of investors and
funders includes All Nippon Airways (ANA), Breakthrough Energy,
British Airways, LanzaTech, Microsoft's Climate Innovation Fund,
Mitsui & Co., Shell, Southwest Airlines, and Suncor Energy.
ABOUT LANZAJET
LanzaJet is a leading sustainable fuels technology company
dedicated to accelerating the clean energy transition. As a
Sustainable Aviation Fuel (SAF) technology provider and producer
with patented ethanol-based alcohol-to-jet (ATJ) technology,
LanzaJet is creating an opportunity for future generations by
catalyzing the deployment of SAF and other clean energy solutions
critical to addressing the climate crisis and transforming the
global economy. Further information is available at
https://www.lanzajet.com/
ABOUT GROUPE ADP
Groupe ADP develops and manages airports, including
Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2023, the group handled
through its brand Paris Aéroport 99.7 million passengers at
Paris-Charles de Gaulle and Paris-Orly, and nearly 336.4 million
passengers in airports abroad. Boasting an exceptional geographic
location and a major catchment area, the Group is pursuing its
strategy of adapting and modernizing its terminal facilities and
upgrading quality of services; the group also intends to develop
its retail and real estate businesses. In 2023, group revenue stood
at €5,495 million and net income at €631 million.
Registered office: 1, rue de France, 93 290 Tremblay-en-France. Aéroports de Paris is a public limited
company (Société Anonyme) with share capital of €296,881,806.
Registered in the Bobigny Trade and Company Register under no. 552
016 628.
More information on http://www.groupe-adp.com and on X:
@GroupeADP
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