LanzaJet Secures Financing to Scale SAF Production and Supply Global Customers
Key Highlights
- ➤At least $20 million financing supports LanzaJet’s growth and Freedom Pines Fuels operations
- ➤LanzaTech will significantly increase ownership through LanzaJet’s recapitalization and deleveraging
- ➤Freedom Pines Fuels produces 10 million gallons annually and has produced ASTM-compliant SAF and Renewable Diesel
- ➤Jennifer Holmgren continues as LanzaJet Board chair and interim CEO
Expert Statements
Jennifer Holmgren, Chief Executive Officer of LanzaTech and Chair and interim CEO of LanzaJet
“LanzaJet has exceptional people, differentiated technology and an important role to play in scaling sustainable aviation fuel. LanzaTech began developing alcohol-to-jet technology in 2012 in partnership with the U.S. Department of Energy’s Pacific Northwest National Laboratory, and since 2020, LanzaJet has had the strong backing of global investors and funders. LanzaTech has taken first-of-a-kind technology to profitable commercial operation. With a larger ownership stake and the Board's full support, we look forward to bringing Freedom Pines Fuels and future LanzaJet plants to the same commercial success.”
CHICAGO, Oct. 15, 2026 (GLOBE NEWSWIRE) -- LanzaJet, Inc., a leading next-gen fuels technology company and fuels producer, today announced fully committed new financing of at least $20 million to support the company’s next phase of growth and operations at Freedom Pines Fuels in Soperton, Georgia. The first close occurred on October 14, and the financing is expected to close in full by December 2026.
The financing is supported by LanzaTech Global, Inc. (NASDAQ: LNZA), Vinod Khosla and the LanzaJet Board and is part of a broader recapitalization and deleveraging of LanzaJet undertaken by its shareholders and existing investors. As part of the transactions, LanzaTech will significantly increase its ownership of LanzaJet, reinforcing its commitment to LanzaJet’s next phase of commercial growth.
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