LanzaTech Reaches 53% Non-Controlling Ownership Milestone in LanzaJet

Core Viewpoint - LanzaTech Global, Inc. has increased its ownership stake in LanzaJet, Inc. to 53%, reinforcing its commitment to sustainable aviation fuel technology and production [1][2][5] Group 1: Ownership and Investment - The increase in ownership to 53% follows the successful commissioning of ASTM-certified sustainable fuels at LanzaJet's Freedom Pines Fuels facility [1][2] - The final tranches of common stock were issued under the Second Amended & Restated LanzaJet Investment Agreement, with no new capital investment from LanzaTech [2][3] - This ownership increase aligns with a prior agreement allowing LanzaJet to sublicense its Alcohol-to-Jet technology in exchange for additional equity [3] Group 2: Technology and Environmental Impact - LanzaTech's platform enables the production of ethanol from various carbon sources, which LanzaJet uses to create sustainable aviation fuel through its Alcohol-to-Jet technology [4] - The approach has the potential to reduce aviation emissions by up to 85% while enhancing supply chain resilience and energy security [4] - The collaboration aims to create economic opportunities for rural communities and improve the sustainability of fuel supply chains [4] Group 3: Strategic Vision and Market Context - LanzaTech's decision to spin out LanzaJet in 2020 was aimed at accelerating the development of ethanol-to-jet solutions [5] - The increased stake comes at a crucial time for the sustainable fuels sector, which is capital-intensive and subject to regulatory and market changes [6] - LanzaTech and LanzaJet are working together on new projects and licensing opportunities to drive innovation in the aviation industry [7]