MUFG invests in SAF producer LanzaJet

Japan’s Mitsubishi UFJ Financial Group Inc (TYO:8306), or MUFG, has participated in a USD-100-million (EUR 93.5m) equity funding round of LanzaJet, supporting the scale-up of its sustainable aviation fuel (SAF) production.

Illinois-based LanzaJet said on Tuesday that the investment will allow it to build its capability and capacity to deploy its ethanol-to-SAF process technology. Early this year, the sustainable fuels producer opened LanzaJet Freedom Pines Fuels, described as the world’s first ethanol-to-SAF production facility, in Soperton, Georgia. The plant will produce 10 million gallons of SAF and renewable diesel per year from low-carbon, sustainable and certified ethanol.

LanzaJet has been supported by Southwest Airlines, Microsoft and Groupe ADP. Among the company’s other investors and funders are All Nippon Airways (ANA), Breakthrough Energy, British Airways, Mitsui & Co, Shell and Suncor Energy. In March, LanzaJet attracted a USD-30-million investment from Southwest Airlines and unveiled plans for a new AF facility to mainly supply the air carrier.

(USD 1.0 = EUR 0.935)

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