Shell Invests in LanzaJet to Further Accelerate the Global Commercialization of LanzaJets Leading Alcohol-to-Jet Technology to Address the Aviation Sectors Urgent Need to Decarbonise
CHICAGO, April 06, 2021 (GLOBE NEWSWIRE) -- Our world is at an inflection point - one that requires action today, solutions that work, and meaningful progress toward decarbonizing industries and our society. LanzaJet, Inc., a leading sustainable fuels technology company and sustainable fuels producer, announced today that Shell joins as an investor in the company to advance LanzaJets global growth, accelerate commercialization of its technology, and scale the production of Sustainable Aviation Fuel (SAF).
Shell joins founding investors in LanzaJet, including LanzaTech, Suncor Energy Inc., Mitsui & Co., Ltd., and more recently, British Airways, as well as participation from All Nippon Airways. In addition to its initial investment in LanzaJet and similar to the phased investment approach used with all of the LanzaJet investors, Shell will have the opportunity to make further investments in the construction of larger-scale production facilities over the coming years. This innovative phased investment approach significantly accelerates commercial deployment at a time when reducing emissions, especially of aviation, is increasingly important and demonstrates a joint commitment to creating a resilient, low carbon future. With the right policies to support the uptake and production of SAF, aviation can achieve net-zero emissions.
The investment comes as LanzaJet continues its work to build the first Alcohol-to-Jet (AtJ) facility of its kind globally, a commercial-scale plant (10 million gallons per year capacity) in Soperton, Georgia, USA. Freedom Pines Fuels, as it's called, continues on schedule with operations beginning in 2022. LanzaJet was launched in June 2020 following nearly a decade of technology development and commercial scale-up through a partnership by LanzaJets founder, LanzaTech, with the U.S Department of Energys Pacific Northwest National Laboratory (PNNL). The LanzaJet process can use any source of sustainable ethanol for jet fuel production, including, but not limited to, ethanol made from recycled pollution, the core application of LanzaTechs carbon recycling platform.
LanzaJets technology is uniquely able to produce up to 90% of its fuels as SAF, with the remaining 10% as renewable diesel. The SAF will be blended with conventional fossil jet fuel and be supplied to airports through the existing supply routes. The technology can flex to produce more diesel and less SAF, as desired. LanzaJets SAF is approved to be blended up to 50% with fossil jet fuel, the maximum allowed by ASTM, and is a drop-in fuel that requires no modifications to engines, aircraft, and infrastructure. Additionally, LanzaJets SAF delivers more than a 70% reduction in greenhouse gas emissions on a lifecycle basis, compared to conventional fossil jet fuel. The versatility in ethanol, and a focus on low-carbon, waste-based, and non-food /non-feed sources, along with ethanols global availability, make LanzaJets technology a relevant and enduring solution for SAF. Anna Mascolo, President, Shell Aviation, said: "LanzaJet's technology opens up a new and exciting pathway to produce SAF using an AtJ process and will help address the aviation sector's urgent need for SAF. It demonstrates that the industry can move faster and deliver more when we all work together. Provided industry, government and society collaborate on appropriate policy mechanisms and regulations to drive both supply and demand, aviation can achieve net-zero carbon emissions. The strategic fit with LanzaJet is exciting. Through our Raízen joint venture in Brazil, we have been producing bioethanol for over ten years, and we have already demonstrated production of cellulosic ethanol from waste materials. Our access to feedstocks, experience of optimizing supply chains, and extensive sales and marketing business will hopefully contribute to LanzaJet creating sustainable, robust, and scalable commercial operations, supporting our customers decarbonisation ambitions for many years to come. Jimmy Samartzis, LanzaJet CEO, said: "Weve been at a crossroads for years and were now at a point in time when real solutions matter to address the global need to get to net-zero. At LanzaJet, were in a unique position with technology that is ready and scaling today to produce lower-carbon, sustainable fuels. Shells investment and partnership help to further advance our work to do our part to decarbonize aviation globally, a sector with limited other options in the near- and mid-term. Jennifer Holmgren, LanzaJet Board Chair and LanzaTech CEO, said: "We have an outstanding group of investors, leading in the energy transition and working across industries to reduce carbon emissions. I am delighted to welcome Shell to the LanzaJet family as we work together to realize our ambition of producing significant volumes of SAF from wastes to help the aviation sector meet their carbon reduction goals. Quick Facts
Sustainable Aviation Fuel (SAF) is fundamental to aviations progress towards net-zero emissions, and looking forward, LanzaJets technology provides a ready, scalable, and unique solution that focuses on SAF production today and for tomorrow.
Shells investment further enables LanzaJets global growth and aligns with Shells strategy to become a net-zero emissions energy business by 2050, in step with society, providing customers with more and cleaner energy solutions.
Shell joins other LanzaJet investors including LanzaTech, Suncor Energy Inc., Mitsui & Co., Ltd., and British Airways, along with participation in LanzaJet by All Nippon Airways (ANA).
Daniel Cherrin
North Coast Strategies (LanzaJet Media Contact)
+011 313 300 0932
dcherrin@northcoaststrategies.com
Ralph van Mook
Shell Media Relations
+44 207 934 5550
