Lanzajet announces $30 million investment from Southwest Airlines

Lanzajet announces investment from Southwest Airlines (image credit: Lanzajet)

LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, today announced a $30 million investment by Southwest Airlines in LanzaJet.

As part of the agreement, LanzaJet and Southwest intend to work toward the development of a sustainable aviation fuel (SAF) production facility and collaborate to advance the operations of a corn stover to ethanol technology company in which Southwest is invested: SAFFiRE Renewables, LLC (SAFFiRE).

LanzaJet plans to undertake project development efforts for the SAF production facility in the United States, with Southwest as the anchor SAF offtaker.

Jimmy Samartzis, Chief Executive Officer of LanzaJet said: “The U.S. is an incredibly important market for us, it’s our home, where our technology originated and scaled, the site of our and the world’s first commercial ethanol-to-SAF plant, and an important opportunity to support the existing U.S. biofuels and ethanol industries with our leading ethanol-to-SAF technology.

“The alignment of Southwest and LanzaJet is a powerful combination that has the potential to integrate the SAF value chain and to double-down on the US ethanol, aviation, and biofuel industries.

“Our work together will lead us closer to meeting aviation’s decarbonization goals by continuing to scale SAF production in the United States, while also tapping into the U.S. ethanol industry’s potential to catalyze the next generation of SAF production.”

The U.S. facility to be developed by LanzaJet is also intended to enable the opportunity to convert SAFFiRE’s cellulosic ethanol into SAF.

Bob Jordan, President & CEO of Southwest Airlines said: “We’re taking the next step in our sustainability journey toward our goal of net zero by 2050.

“We look forward to working with LanzaJet, which is developing potentially important technology that could create more opportunities for Southwest to obtain scalable SAF, a critical component in the success of our environmental sustainability goal to replace 10% of our jet fuel consumption with SAF by 2030.”