By Edward Robertson
Shell has invested an undisclosed sum into sustainable fuels technology company LanzaJet.
The investment will be used to accelerate the company’s global growth, speed up the company’s commercialisation of its technology and scale the production of its sustainable aviation fuel (SAF).
The investment also aligns with Shell’s strategy to become a net-zero emissions energy business by 2050.
Shell Aviation president Anna Mascolo said: “LanzaJet’s technology opens up a new and exciting pathway to produce SAF using an alcohol to jet fuel (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 optimising 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.”
LanzaJet CEO Jimmy Samartzis added: “We’ve been at a crossroads for years and we’re now at a point in time when real solutions matter to address the global need to get to net zero.
“At LanzaJet, we’re in a unique position with technology that is ready and scaling today to produce lower-carbon, sustainable fuels.
“Shell’s investment and partnership helps 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.”