Carbon Transformation
Search documents
LanzaTech Reaffirms Importance of LanzaJet through Amended and Restated LanzaJet Agreements that Enable the Acceleration of Sustainable Aviation Fuel Commercialization
Globenewswireยท 2025-10-23 20:30
Core Insights - LanzaTech Global, Inc. has announced a significant update regarding its affiliate LanzaJet, Inc., focusing on long-term collaboration and the commercial rollout of sustainable aviation fuel (SAF) [1][2] Investment Dynamics - The amended agreement introduces changes in investment dynamics and share distributions, allowing LanzaTech to receive two tranches of shares in LanzaJet upon meeting development milestones at the Freedom Pines facility in Georgia [2] - If LanzaJet goes public or is sold before LanzaTech receives these shares, LanzaTech's ownership stake will automatically increase to 50% without further investment [2] Intellectual Property and Technology License - The update modifies the 2020 Intellectual Property and Technology License Agreement, extending it through December 31, 2031, and removing LanzaTech's right to terminate [2] - LanzaTech is obligated to transfer the license directly to LanzaJet, and restrictions on licensing LanzaJet's technology to third-party sublicensees have been eliminated, broadening the technology's application [2] Strategic Positioning - LanzaTech's role as a technology provider and strategic shareholder is reinforced, positioning the company as pivotal to LanzaJet's growth towards full commercial operations [3] - The enhanced agreements with LanzaJet reflect the confidence of global partners and reaffirm a collective commitment to decarbonizing aviation, driving innovation and advancing shared missions [3] Company Overview - LanzaTech Global, Inc. specializes in carbon management solutions, transforming industrial emissions and carbon dioxide into recycled carbon ethanol through proprietary bio-fermentation technology [4] - Ethanol produced is a key feedstock for Sustainable Aviation Fuel (SAF) and other chemical derivatives, contributing to a circular carbon economy [4]