That’s about twice as much SAF as is currently made in the United States. LanzaJet’s technology can be used on a much larger scale in the United States and around the world after the plant is built. Other projects are already planned in North America, Europe and Asia that would produce more than one billion gallons of SAF each year.
Pioneering green projects are notoriously difficult to raise cheap capital on
Innovative new technology projects often struggle to get cheap capital because they have high “green premiums” and often run into problems and costs they didn’t expect, especially in the current economic climate. current. Catalytic funding can reduce the risk of future investments and accelerate the spread of clean technologies by giving money to these first commercial installations.
In this case, the Catalyst grant helped Freedom Pines Fuels fill a funding gap. This will allow the plant to maintain its current development schedule.
Notably, the grant will also encourage more innovation at SAF by helping to create a new market for sustainably sourced ethanol that can be scaled up and has low carbon emissions. This will happen by setting the expectation that the plant will switch to second-generation ethanol, including ethanol made from waste, by the end of its fifth year.
This change will add to what LanzaJet is already doing to build SAF plants in the UK that use second-generation ethanol and forge strategic partnerships to accelerate the development of advanced fuel, which is currently in short supply in the market.
“LanzaJet is steeped in innovation and we work with a sense of urgency every day to meet our global climate challenge,” said Jimmy Samartzis, CEO of LanzaJet.