Suncor, Mitsui and ANA have provided equity funding for LanzaTech's sustainable aviation fuel spinoff alongside a grant from the US government.
US-based sustainable chemicals and fuel producer LanzaTech has spun off the aviation-focused LanzaJet with $50m from investors including corporates Suncor Energy, Mitsui and All Nippon Airways (ANA), Chicago Inno reported on Wednesday.
Oil and gas producer Suncor provided $15m, while diversified conglomerate Mitsui injected $10m, LanzaTech said in a statement, adding that it has received a $14m grant from the US Department of Energy, suggesting airline operator ANA supplied $11m.
LanzaJet has developed a process that can turn any source…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
