LanzaTech receives £6.4 million UK grant for sustainable aviation fuel

LanzaTech Global Inc. (NASDAQ: LNZA) received a £6.4 million grant from the UK government's Advanced Fuels Fund to develop sustainable aviation fuel production projects in the country.

The grant will fund LanzaTech's DRAGON 1 and DRAGON 2 projects. DRAGON 1 will convert recycled carbon fuel ethanol into sustainable aviation fuel in Port Talbot, South Wales, using the LanzaJet Alcohol-to-Jet process. DRAGON 2 will be a Power-to-Liquid facility that converts waste carbon dioxide and green hydrogen into ethanol for subsequent conversion into sustainable aviation fuel. The location for DRAGON 2 will be determined during the grant-funded project.

"The future of aviation fuel is ethanol-to-SAF and LanzaTech is at the forefront," said Dr. Jennifer Holmgren, CEO of LanzaTech. "Our commitment to enabling cleaner jet fuel is bolstered by the UK government's continued support and confidence in LanzaTech as a leader in the sector."

Project Speedbird by LanzaJet, in which LanzaTech holds a 36% ownership stake, received £10 million in funding from the same Advanced Fuels Fund. The funding allocation brings total government contributions through the Advanced Fuels Fund to £198 million.

LanzaTech operates commercially at six assets and transforms industrial emissions, gasified solid waste and carbon dioxide into recycled carbon ethanol through bio-fermentation technology. The company's expanding project pipeline aims to meet growing sustainable aviation fuel demand globally.

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