Business
LanzaTech and LanzaJet Announce New Project with Wagner Sustainable Fuels in Australia
First Project to be Developed with the CirculAir Platform, the End-to-End Commercial Sustainable Fuels Technology Solution Converting Waste Feedstocks into
About this update from Lanzatech Global, Inc.
[{"type":"text","content":"First Project to be Developed with the CirculAir Platform, the End-to-End Commercial Sustainable Fuels Technology Solution Converting Waste Feedstocks into SAF\nCHICAGO, Aug. 19, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials, and LanzaJet, Inc., a leading sustainable fuels technology company and fuels producer, today announced a new project with Australia’s Wagner Sustainable Fuels to evaluate equipping Wagner’s Brisbane SAF Refinery (the “Project”) with the CirculAir™ platform. The CirculAir platform is LanzaTech and LanzaJet’s joint technology solution that converts waste carbon and renewable power into Sustainable Aviation Fuel (SAF). In addition to securing a commercial partnership with LanzaTech and LanzaJet, the Project has received financial investments from The Boeing Company and the Queensland Government. The Project is expected to generate a multitude of benefits, including creating jobs in Queensland, increasing domestic energy security for Australia, and helping reduce global greenhouse gas emissions from aviation. “LanzaTech and LanzaJet look forward to providing our joint commercial solution to Wagner Sustainable Fuels to accelerate the development of a domestic Australian SAF market,” said Dr. Jennifer Holmgren, CEO of LanzaTech and Board Chair of LanzaJet. “There is enough carbon above ground to transition the 100 billion gallons of fossil fuel-derived jet fuel consumed each year to jet fuel made from recycled carbon. The flexibility of the CirculAir platform makes it possible for this Project to unlock carbon from the myriad waste-based resources available in Australia to meet local demand.” The CirculAir process first utilizes LanzaTech’s carbon recycling technology to transform local waste streams, such as industrial emissions and municipal solid waste, into CarbonSmart™ ethanol. Then, LanzaJet’s Alcohol-to-Jet (ATJ) technology converts the ethanol into drop-in SAF. The CirculAir platform was designed to accelerate decarbonization of the global aviation industry by utilizing a variety of locally sourced waste-based feedstocks to produce the SAF volumes needed to supplant fossil fuels. “The Wagner Sustainable Fuels project in Brisbane allows Australia to continue to stand out as a leader in ...