Sustainable aviation fuel (SAF) technology and production company LanzaJet announced that it has secured at least $20 million in new financing, with proceeds to scale production and supply SAF to global customers from its Freedom Pines Fuels facility in Soperton, Georgia.
Launched in 2020 by carbon recycling technology company LanzaTech, Illinois-based LanzaJet has developed Alcohol-to-Jet (ATJ) technology enabling the production of SAF and renewable diesel from waste-based and sustainable ethanol sources, including low-carbon sugarcane, energy crops, forest residuals, agricultural waste, and organic waste.
The new financing is supported by LanzaTech, investor Vinod Khosla and the LanzaJet Board. As part of the transactions, LanzaTech will significantly increase its ownership stake in LanzaJet. The company said that the new financing forms part of a broader recapitalization and debt reduction initiative undertaken by LanzaJet’s shareholders and existing investors.
LanzaJet also announced that Jennifer Holmgren, CEO of LanzaTech, will continue as Chair of the LanzaJet Board and serve as interim CEO to support the company’s next phase of commercial growth. Outgoing CEO Jimmy Samaritzis recently announced that he will be stepping down from the role to take on another leadership role in the SAF industry.
The financing follows LanzaJet’s announcement in November 2025 that it had achieved full plant operation and produced fuel at Freedom Pines Fuels, the world’s first commercial-scale alcohol-to-jet production facility. The plant has an annual production capacity of 10 million gallons of SAF and renewable diesel and has already produced fuels meeting ASTM specifications.
Holmgren said:
“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.”
